ELN and xELN

The EpsiLoan Protocol operates under a global governance structure led by individuals holding its native governance token: ELN and xELN. These tokens play a vital role in facilitating core network functionalities, including staking, governance, minting, and rewarding liquidators.

ELN, an Omnichain Fungible Token built on LayerZero, possesses the unique ability to seamlessly bridge to and trade on any supported Layer 2 (L2) networks without encountering liquidity constraints. This interoperability enhances the accessibility and liquidity of ELN across various blockchain ecosystems.

Within the EpsiLoan Protocol ecosystem, ELN and xELN serve as fundamental tokens, each with distinct functionalities and benefits. Protocol rewards, token sales, bounties, airdrops etc. are all being made in xELN, which is non tradeable version of ELN. Owners of xELN tokens have the option to: - Regular vest their tokens, converting them into ELN (as per vesting schedule of each category) - Turbo vest their tokens(only for protocol rewards ) i.e instantly receiving ELN at a 10:1 ratio xELN:ELN the rest xELN will be distributed among ELN stakers and ELN LP providers. - Provide perpetual locked, protocol owned liquidity- one can pair his xELN with the corresponding amount of USDT/ETH unlocking 2x faster vesting, 2x boost in rewards, voting rights and 70% of protocol generated fees. ELN is the liquid/tradeable version of xELN. It can only be minted from xELN according to vesting schedule of each category. ELN holders represent the stakeholders of EpsiLoan Protocol and have voting rights within the governance framework of the protocol. These voting rights empower staked ELN holders to actively participate in crucial governance decisions, shaping the direction and evolution of the protocol. Additionally, ELN holders can stake their holding and share 30% of the earnings generated by the protocol, further incentivizing their engagement and contribution.

This innovative tokenomics model fosters a dynamic and inclusive community-driven ecosystem, where stakeholders are incentivized to actively engage in governance processes and contribute to the long-term success and sustainability of the EpsiLoan Protocol. By aligning incentives and distributing rewards among participants, the protocol promotes collaboration, transparency, and collective decision-making, ultimately driving towards a decentralized and resilient financial infrastructure.