Pylon Protocol Mine Price USD

Pylon Protocol is a framework for principal-protected, yield-based products and services. It is a type of decentralised finance (DeFi). Built by Terraform Labs (TFL) on the Terra blockchain, Pylon is a new way for users and service providers to align their long-term interests. Payment is made through cash flow instead of an upfront cost.

Users can deposit Terra stablecoins into platforms that use the Pylon Protocol in exchange for platform-specific rewards, such as exclusive content, no-fee memberships, project token farms, perpetual charity donations, arts patronage, rental services, and investments that protect their principal. When a user's subscription is over, they can get their full pledged principal back. Yields from savings protocols, like Anchor Protocol, are sent to service providers according to the terms of the deposit contract.

The most important product of the protocol is Pylon Gateway, which is a decentralised project launchpad and crowdfunding-via-yield platform for Terra. Users can deposit TerraUSD (UST) for a set period of time to earn project tokens and governance rights.

The Pylon symbol MINE is a CW20 token that was first made available on Pylon Gateway. The main purpose of MINE is to let holders participate in protocol governance and earn a share of protocol yields made across all Pylon platforms and projects. MINE tokens can also be used as an incentive to get people to put money into platforms that use the Pylon Protocol.

To know more about the Pylon Protocol price prediction, install the top cryptocurrency app CoinGabbar today!