The future is here
Deposit money.
spend yields.
Can you imagine getting access to products and subscriptions for free?
You don't need to imagine, Pylon Protocol make this possible
You can now get access to products and subscriptions with the yields you earn by depositing money
Get access to "no-fee" subscription services, contribute to charity and academic research in perpetuity; rent cars and condos, and make riskless investments in startup projects with all the upsides of being an early investor now!
The possibilities are endless, and the process to get started is easy
You can deposit Terra stablecoins and withdraw your principal in full upon subscription expiry
But how you ask?
Let's dive into Pylon
Pylon protocol is remodeling the conventional value transfer model
The goal of pylon is to capture value for transactions over a sustained period of time involving recurring consumption
In a conventional value transfer model, a seller offers some good or service and a buyer pays with money or barter.
This model fails to effectively capture value for transactions over a sustained period of time involving recurring consumption (like a Netflix subscription)
Pylon Protocol is offering a solution to those problems:
1. Sellers of future value or unascertained goods (early-stage startups, crowdfunding, initial coin offerings, etc.) may not incentivized to deliver value over time if they receive all funds upfront.
2. Sellers of intangible value (artists, musicians, livestreamers, content creators, etc.) may struggle to monetize their creative content offerings and receive steady payouts that reflect fanbase growth over time.
3. Sellers of recurring value (content IP, SaaS software, subscription-based services, etc.) may rely on discounts to fair value to reduce churn.
4. Lenders of illiquid assets (real estate, cars, luxury items, etc.) may lack a venue to securely lease their asset over time and be provided with proper recourse for contract violations.
Pylon Protocol aim to solves this
Pylon protocol is remodeling the conventional value transfer model
The goal of pylon is to capture value for transactions over a sustained period of time involving recurring consumption
Pylon consists of a suite of savings and payments products in Decentralized Finance that build on stable yield-bearing protocols like Anchor Protocol in order to provide services powered by user deposits.
The protocol is maintained by various independent platforms and is governed by holders of Pylon's native governance token.
Pylon is designed for broad appeal beyond the world of crypto natives
The process of making a payment with Pylon for the user is pretty simple:
1-Deposit Terra stablecoins for access to recurring services powered by platforms.
2-Withdraw your principal in full, base capital untouched, upon subscription expiry.
For the creator, using Pylon is even simpler:
1-Customize your funding options and receive stable, continuous yields generated from user deposits.
so many possibilities with pylon
*Instead of paying upfront for a year-long TV subscription, you can make an initial key money deposit to continue watching popular shows and movies for as long as you want without ever touching your base capital.
*Simply by pledging to hold a deposit for your favorite artist, you can receive personalized NFT airdrops, access gated posts and concerts, and express your fanship via leaderboard.
*In lieu of making a risky and highly volatile investment in a newly announced startup venture or a token launch, you can invest-via-deposits to farm tokens and secure investor rewards.
*Imagine depositing stablecoins as collateral for you to rent a virtual property, e-books, or game items without worrying about direct payments or incurring any losses at all.
Make a simple deposit. Get acces to a service. Withdraw your full deposit anytime.
Pylon gateway, a token launchpad for forthcoming projects on the terra blockchain
With Pylon Protocol, investors will have an opportunity to make riskless investments while accessing all the upsides of pitching in early.
Investors deposit principal-protected Terra stablecoin to a project of their choice in order to earn project tokens and governance rights.
Investors may withdraw their full principal after a pledged lockup period to claim corresponding rewards.
Project teams can customize funding options and receive consistent yield payouts that will respond to project growth over a sustained period of time.
Pylon's native governance tokens will be one of the first projects to be officially launching on Gateway.
Credits: Terra Money
Complete article on Pylon here
