Announcing Francium Protocol: An Innovative Leveraged Yield Aggregator | Built on Solana
There are a lot of income opportunities, such as liquidity mining, yield farming, staking, in the DeFi world. However, users may not make full use of these opportunities due to several reasons like the lack of funds, lack of effective strategies, or simply the inability to find opportunities in time. Currently, the fund utilization of most DeFi protocols still sits at a low level.
Furthermore, leverage — being one of the pivotal functions in unlocking full fund utilization — isn’t optimised for the DeFi users yet. In order to meet the needs of leverage in multiple scenarios, a leverage protocol needs to be able to aggregate multiple profit targets and provides convenient, efficient and verified revenue strategies. Most existing leverage protocols do not meet users’ needs in DeFi and the functionality of leverage has not been brought into full play. For instances, Some existing yield protocols have the problem of inadequate incentives and governance, which leads to low long-term APY and delayed strategy integration. Therefore a novel yield aggregator is needed in the DeFi ecosystem that can rapidly integrate high-quality strategies and supports more underlying revenue targets.
Francium Protocol aims to provide diverse yield targets and strategies with leverage allowing users to open leverage position on multiple strategies such as portfolio management, yield farming, algorithmic trading strategies, etc.
We have currently received grants from Solana and Serum, and we are working closely with many to ready our product for launch. Catch us on Solana Hackathon for demo day too!
Efficient Leverage Module: This module implements leverage function based on a liquidity pool with dynamic interest rate. Lenders can deposit cryptocurrencies to the liquidity pool for interest and receive LP tokens in return which can also be traded on DEX. For borrowers, they can enlarge their profit with leverage in the yield aggregator with an efficient strategy.
Creative Yield Aggregator Module: providing diverse yield targets and strategies. The yield strategy in Francium Protocol are sorted as Community strategies and Selected strategies. Community strategies are composed and developed by users using Francium APIs (including portfolio, policy tracking, Yield Farming, Liquidity Mining, etc.). Users can also choose to share his strategies with the community. The Selected strategies are verified and voter-approved ones based on community governance. The protocol will also evaluate strategy contributors according to strategy performance, DAUs and value used in it, and high-ranking contributors will own higher voting weights and rewards in governance process.
Once a user publishes a strategy, he/she will receive a corresponding NFT, which can help users to accumulate fee income and long-term reputation.
- Continuous High Yield from Excellent Strategies and Leverage
Yield strategy Incubation Mechanism in Francium offers generous incentives and easy-to-use & visual strategy development toolbox for strategy contributors to continuously bring high APY strategies to users.
- Best Yield Adaptation for Different Preferences
Users who prefer moderate yield targets can deposit their asset to the funding pool to bear interests, while those who want to earn more can leverage their yield strategies in Francium.
- Full Community Governance
The Community has full control over protocol management including product updates, parameter changes, etc. And users can vote to mark strategies as selected ones for a broad simple choice.
- Creatively bonding NFT to each Yield Strategy
Each strategy will be bonded to an NFT to incentivize more community strategies. NFT holders can gain free returns from the corresponding strategy and can trade on strategy markets.
Be Part of the (Chemical) Equation — Join Francium!
Do you know what happens when Francium comes into contact with water? (Hint: boom!)
We can’t wait to tell you more about the exciting plans ahead. On top of our participation in the Solana hackathon, there will be community challenges, airdrops, IDOs, and liquidity mining programs designed to bring about an explosive growth in our adoption and engagement. Do be part of it!