Proteus Finance provides a software tool that users use to deposit their crypto assets to their wallets and invest in decentralized blockchain protocols based on Terra Ecosystem.
Proteus Finance provides its software for use as is without any guarantees of the results and no responsibility for any losses that might incur.The Proteus Finance Project will tap into the latest technologies and developments in the DeFi space to open decentralized investments to everyone. It will address the problem that only the tech-savvy can currently access the benefits of this new financial system.
By using the Proteus Finance solutions, you accept full responsibility for any crypto asset losses.
Proteus Finance itself does not generate yield (or any form of return) for its users. Yields are generated by Terra Protocols (such as Anchor). There are risks involved with supplying funds or digital assets to the Terra Protocols via Proteus Finance. Customers may lose all funds.
The Proteus Solution
Proteus Finance will:
Provide the best yields for stablecoins in the market, implementing the most up-to-date protocols based on the Terra ecosystem
Create a one-stop-three-step automated process for complex De-Fi products
Ensure that investors’ impermanent loss is in control
Proteus Project Aims
The Proteus Finance Project aims to tap into the technologies, developments, and enormous growth potential of DeFi.
Proteus Project Missions
They deliver what other Apps promised and make sure you don’t get rekt by investing in DeFi.
How does it work?
You buy/deposit your stablecoins
AI helps you to select the most profitable Terra protocols
You: Invest & receive yield We: Manage your risk
Withdraw or spend with the card
What Proteus will deliver?
DeFi Pain Points
There are two major pain points in DeFi that Proteus Finance aims to address:
- The complexity of investing in high-yield platforms
- The risk of losing your money
Why Proteus uses Terra?
Proteus uses Terra because
• Terra’s goal is to be the standard of Decentralized Finance.
• The Terra dollar (UST) is a truly decentralized dollar, which is the essence of DeFi.
• Stablecoins simplify on-and -off-ramping from fiat to crypto.
• Terra transaction costs are lower than Ethereum.
• Proteus will leverage Terra projects such as Nexus and Anchor to achieve the highest returns for users.
How can we participate for this protocols?
- Create an account on a cryptocurrency exchange that accepts deposits in fiat
- Exchange your fiat to a stablecoin (for example, USDC / USDT)
- Then, exchange your stablecoin to the UST (Terra Dollar)
- Download and install Terra Station and generate a new wallet
- Withdraw your UST to your Terra Wallet
- Research and find reputable protocols that provide a high yield and minimize impermanent loss (when the value of the coin you have deposited loses value)
- Convert your UST to the protocol coins (e.g., PSI on Nexus)
- Create a liquidity provider (LP) token between the selected tokens (e.g., PSI/UST)
- Deposit the LP token into the vault and supervise the performance
Sources:
https://proteus.finance/terms-and-conditions
https://proteus-finance-assets-eu-central-1.s3.amazonaws.com/whitepaper.pdf
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