Eden
What is Eden?
Last updated
What is Eden?
Last updated
Eden introduces a sophisticated staking and virtual mining system built on $TitanX and $Volt, with a special relationship to Lotus. It is designed with extreme Hyper-Deflationary tokenomics through strategic token burns & halving effects as well reward incentives. This innovative approach creates a self-sustaining ecosystem within the TitanX DeFi framework, emphasizing long-term participation and supply control. With its decentralized liquidity pool and advanced token mechanics, Eden offers a unique experience for DeFi participants focused on sustainability and innovation.
Understanding Eden
Eden is a DeFi token built on top of TitanX and Volt, utilizing a virtual mining model to power its ecosystem.
Participants mine Eden using TitanX, creating deflationary pressure through token burns that reduce the supply of both Eden and Volt.
By leveraging TitanX, which is leveraged by Ethereum, as the mining token, the protocol creates a self-sustaining ecosystem where users benefit from both "virtual mining" and "staking rewards".
The protocol offers staking options, allowing users to stake Eden for durations ranging from 90 to 1450 days, earning rewards in TitanX.
Staking rewards can be "optionally" automatically compounded each reward day, enabling users to reinvest their rewards directly into the staking pool.
Eden features decentralized liquidity provisioning on Uniswap V3, with a liquidity pool pairing Eden and Volt to enable open trading, full range and concentrated liquidity access.
The protocol incorporates a decentralized buy-and-burn mechanism to strategically reduce Eden tokens and maintain a healthy balance of supply and demand.
Mining rewards and staking bonuses are designed to encourage long-term participation, with higher incentives for longer commitments.
Eden is a Sister Token of Lotus. Users MAY CHOOSE to exchange Lotus for Eden on the User Interface for a 1:1 Ratio. To be clear, Eden cannot be swapped back to Lotus, only Lotus to Eden.