Thread by @element_fi

1/ Introducing Element

Element brings liquidity to fixed rate income, allowing anyone to buy BTC, USDC, and ETH at a discount. The transaction costs are low and there are no hidden fees or locked terms. We like to say “not locked yield, fixed yield”.

medium.com/element-financ…

2/ For the more active DeFi users, we offer new ways to increase APY on existing yield positions such as on @iearnfinance or Eth2 Validators. We split your position into two new tokens, the principal and yield.

3/ You can now earn a higher APY through staking the principal tokens on our custom trading curve, enabled by @balancerlabs, providing liquidity to the fixed yield market.

4/ Or you can sell your principal and increase your exposure to interest, which gives leveraging opportunities without liquidation risk.

5/ Element will be an open, self-sustaining, community-governed protocol intended to enable financial freedom and provide open access to financial products for people all around the world.

6/ After 6 months of stealth mode, we’re excited to announce our raise of $4.4m, led by @a16z @placeholdervc, w/ @svangel @scalarcapital @robotventures @ethereumjoseph @fcmartinelli @StaniKulechov @nanexcool & acapital.com.

7/ We’ve been heads down and have a lot of content, simulations, and deeper analyses to share soon. We are a research focused group, but that hasn’t kept us from building swiftly. Our launch is imminent. Now back to work…