DeFi Yield Opportunity for eGold holders - Centaur Launch Pool!
We’re excited to announce that eGold token holders can contribute to the launch pool of our partner Centaur, who recently rebranded from ProDeFi.
As announced on the 15th of August, Elrond supporters will get the first opportunity to contribute to Centaur pools and earn CNTR tokens.
A limited number of contributors will be able to stake 25 eGold and receive 1,500 CNTR tokens after 2 weeks. This approximates to +90% APY or +4% over 14 days.
The Singaporean startup wants to combine the best aspects of CeFi and DeFi, with the goal of opening up classical finance to blockchain benefits, while also enabling broader access to DeFi products.
Our partnership seeks to connect the Elrond mainnet to the cross-chain component of Centaur, which acts as a settlement layer for DeFi products spanning multiple different chains.
Registration for the highly anticipated Centaur public sale starts on October 2nd 07:00 UTC.
Centaur Launch Pool, powered by eGold
The Centaur Launch Pool is aimed at demonstrating some of the key features that make the DeFi platform protocol agnostic, confidential, and permissionless.
By staking 25 eGold in the Centaur launch pool for 14 days, you will support the successful launch of the DeFi protocol and receive 1,500 CNTR tokens. This approximates to +90% APY or +4% over 14 days.
- eGold staking: 01 October 15:00 UTC
- CNTR rewards: 14 days after launch pool is filled
- Unstake eGold: 14 days after launch pool is filled
- 25 eGold stake + 0.000168 eGold TX fee
- A valid Ethereum address that you own - no exchanges!
- Only one contribution per unique Elrond wallet
- Only one reward per unique Ethereum address
- Go to https://wallet.elrond.com
- Click the Centaur Launch Pool button on the left
- Follow the on-screen instructions
- Enter a unique Ethereum address - no exchanges!
- Confirm & send the staking transaction
After 14 days:
- CNTR tokens will be rewarded & sent to your Ethereum address
- eGold tokens will be unstaked & sent to your Elrond address
Terms & Conditions
The Centaur Launch Pool button will be activated in the Elrond wallet on Thursday, October 01, at 15:00 UTC. Transactions will be considered on a first-come, first-serve basis. The Launch Pool will close once it is filled.
Transactions will be automatically generated by the web wallet. The transaction sends 25 eGold to the staking address, together with the Ethereum address provided and a unique code in the data field.
Only the first 2,000 valid transactions will be considered. Invalid transactions will be refunded within 24 hours of the end of the event.
Once staked in the Centaur Launch Pool, the eGold is locked for 14 days and can’t be un-staked earlier.
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
By combining the best elements of decentralised finance with measured regulatory control, Centaur is bridging DeFi and traditional finance. Centaur applies a semi-decentralised approach to constructing solutions, leveraging on the transparency and security of decentralised architectures while providing a fail-safe layer through centralised systems and processes. A decentralized network of oracles deployed across various protocols will power the transmission of information and data between the Centaur Chain and other blockchains, leveraging on our liquidity pool smart contracts as a micro-ledger. With support from our partners, both in the blockchain industry and traditional financial markets, Centaur plans to spearhead the transition to a fully decentralized ecosystem, while keeping solutions realistic and applicable during the process.