ELYSIAN FINANCE AND THE FAIR LAUNCH

Fair launch event
If you are a non-US/UK, or non-US/UK sanctioned country citizen and you were whitelisted for the initial pre-sale, you are entitled to participate in the fair launch event. If you were not whitelisted, you can apply on our official website. We will stop taking submissions on A̶p̶r̶i̶l̶ ̶1̶4̶ (deadline extended), so be sure to apply before then.
The initial supply of LYS will be 96,022.1409, of which 80,000 will be offered for sale and 16,022.1409 will be added as initial liquidity. The initial supply was inspired by the Avogadro constant. Participants will be able to buy up to their pro-rata share of the offering, if some people buy less than their allocation, everyone who has not yet bought will see their share increase.
The sale will take place f̶r̶o̶m̶ ̶A̶p̶r̶i̶l̶ ̶1̶5̶ ̶t̶o̶ ̶A̶p̶r̶i̶l̶ ̶1̶8̶ (new dates will be announced soon), you can buy LYS during this time if you were whitelisted b̶e̶f̶o̶r̶e̶ ̶A̶p̶r̶i̶l̶ ̶1̶4̶ (deadline extended). Initial price will be $2.5 per LYS. Proceeds of the sale will be used to back the initial supply and provide initial liquidity.
If the totality of the tokens are sold, the sale will bring in $200,000, of which, $80,000 will be deposited to the treasury to back the initial supply (RFV) and $120,000 will be added as initial liquidity . The LP will open with $120,000 DAI and 16,022 LYS for a starting price of $7.48 and an initial liquidity of $240,000.
Trading will open between A̶p̶r̶i̶l̶ ̶1̶9̶t̶h̶ ̶a̶n̶d̶ ̶A̶p̶r̶i̶l̶ ̶2̶0̶t̶h̶ (new dates will be announced soon).
Initial functionality
The main focus on the fair launch event is to bootstrap the treasury activities and to back the initial LYS supply. Functionalities such as OTC for bonds and inverse bonds and vote escrow will not be available until later time. Only staking and bonding will be active at launch.
Liquidity boostrap
The focus on the fair launch event is getting the token (LYS) on as many hands as possible and with an even distribution. On top of this, the priority is on bootstrapping the liquidity on chosen AMM markets (Uniswap, Sushiswap). At the time of initializing the pool, we will receive LP tokens. The treasury will determine the RFV value of the LP at about a third of the market value of the tokens comprising it. To avoid massive profits being distributed on first epochs, and the risk of a pump and dump scenario, we will deposit the liquidity gradually. Each epoch, starting from epoch 10, will see 1/100th part of the liquidity added to the pool automatically. This should help maintain a reasonable APY during the bootstrap phase and avoid liquidity draining.
Risks and conclusions
The system is highly experimental and comprised of several moving parts. Our contracts have not yet been audited, although we make use of heavy testing, there is a non-zero probability that bugs and security issues will be found. If you are not comfortable with this, abstain from participating at this stage.