Egoras Launches New Protocol with Staking, AMM and Physically Backed NFT Marketplace

Egoras
2 min readJun 6, 2023

Egoras, a leading provider of blockchain solutions, today announced the launch of its new protocol with staking, AMM and physically backed NFT marketplace. The protocol will allow users to stake their EGC tokens, provide liquidity to the AMM, and mint physically backed NFTs.

Staking

Users can stake their EGC tokens to earn rewards. The rewards will be paid out in the form of BUSD, a stablecoin pegged to the US dollar. Staking rewards will be paid out on a daily basis.

AMM

The AMM will allow users to swap tokens and provide liquidity to the protocol. Liquidity providers will earn fees on all trades that take place in the AMM. The fees will be distributed to liquidity providers on a pro-rata basis.

Physically Backed NFTs

Users can mint physically backed NFTs using the protocol. Physically backed NFTs are backed by real-world assets, such as electronics. The assets are held in a secure vault and are insured against loss or theft.

Benefits of the Protocol

The protocol offers a number of benefits to users, including:

  • High yields: Users can earn high yields on their EGC tokens by staking them.
  • Liquidity: The AMM provides liquidity for users to swap tokens and trade NFTs.
  • Security: The assets backing the physically backed NFTs are held in a secure vault and are insured against loss or theft.

About Egoras

Egoras is a leading provider of blockchain solutions. The company was founded in 2021 by a team of experienced blockchain developers and entrepreneurs. Egoras is committed to providing users with secure, reliable and user-friendly blockchain solutions.

To learn more about the protocol, visit [website].

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