Like any lending market, fees are an essential segment of the ecosystem that keep lenders interested and borrowers accountable. Evolution Finance charges a small fee on the interest generated on the platform. However, EVN holders will enjoy a loyalty reward: a reduction on platform fees.
Furthermore, EVN holders can also enjoy rewards by staking the asset. 0.2% of the 1.7% reduced from any EVN transfer will be awarded to EVN stakers.
Finally, Evolution Finance is the most decentralized lending platform to date. Market incumbents like Compound and Aave made only 50% and 75% tokens accessible to the public, respectively. Further, Compound’s funding rounds behind closed doors to VCs made a stake of a large portion of its tokens incredibly off-limits. Meanwhile, Aave’s high market cap during its ICO gave wealthy individuals a privileged right to concentrating ownership of the asset.
EVN token is hosting a fair launch with 100% of its supply available to the public at launch. Control mechanisms will be in place to ensure the first few blocks after listing allow a controlled, wide distribution of the asset. Such a fair distribution model plays an important role in EVN’s final utility, governance.
The liquidity providers (LPs) of EVN tokens are granted a special token: Evolution Yield token (EVNY).
To acquire EVNY, liquidity providers have to permanently lock their liquidity, providing a permanent base of market support to the EVN token. In return, EVNY stakers are greatly rewarded.
For every transfer of the EVN token, 1.7% of the amount is deducted by the smart contract. 1% from this is generously distributed to EVNY stakers. This ensures providing permanent liquidity to the utility token of Evolution Finance is a rewarding opportunity.
Unlike any other LP token to date, EVNY has a hard cap. Specifically, EVNY will not be mintable once the EVN liquidity pool reaches $5M. This ensures the early liquidity providers of EVNY permanently claim their position in the network rewards, without worrying about dilution from future LPs.
EVNY is essentially the first-ever liquidity provider (LP) token with a hard cap.
The development partners of Evolution Finance are DAO Maker, Ferrum Network, and Blockchain Strategy Team. The security partners are Arcadia Group and CipherBlade. One of the primary planned liquidity partners is HBK-GoChain, a $100m AUM fund.
Website: http://evolution.finance/
Telegram Chat: https://t.me/evolutionfinance
Twitter: https://twitter.com/evn_finance
