Pylon Protocol consists of a suite of savings and payments products in decentralized finance (DeFi) that builds on stable yield-bearing protocols to provide services powered by user deposits. Pylon enables sustainable exchanges between long-term value providers and their consumers through customizable deposit contracts and yield redirection. As a promising future standard of programmable payments, Pylon introduces a new paradigm of incentive alignment between payers and payees, consumers and creators, patrons and artists, investors and entrepreneurs, borrowers and lenders, and many more groups and relationships.&nbsp;The protocol is maintained by various independent platforms and is governed by holders of Pylon's native governance token also known as MINE.Pylon unlocks a new suite of options for payments, patronage, investments, rentals, and savings. When realized as a payments gateway, Pylon is a principal-protected payment product where users can finance recurring services (i.e. subscriptions, memberships, content offerings) via "key money" deposits and consistent interest payouts.MINE is the native governance token for Pylon Protocol. As with Pylon's namesake, MINE is inspired by "minerals" in StarCraft. A portion of all yields generated across all forthcoming platforms and projects launching on Pylon Protocol and its suite of products, including Pylon Gateway, are captured by the Pylon Treasury. MINE stakers are able to govern in a decentralized fashion the initial distribution parameters and further use cases of the Pylon Treasury.

Pylon Protocol

Pylon Protocol is a suite of DeFi savings and payments products powered by yield redirection built on Terra

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The post Shytoshi Kusama Responds to Shiba Inu’s Bold $100 Billion Vision: Can SHIB Race to the Top? appeared first on Coinpedia Fintech News
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