What is Beyond protocol ?
Beyond is a decentralized platform for synthetic financial products. Users gain exposure to the underlying asset price without holding the actual asset through synthetic products.
What is the Beyond cutting edge solution?
a) Limited assets available - Synthetic product minting and trading for various assets in the Beyond Platform.
b) Poor Price Tracking - Tracking real time assets price via oracle system.
c) High Cost trading and minting - Minimum Transaction fee and kick back scheme with gamification functions.
d) Low liquidity - Provide deep liquidity through Beyond Treasury.
e) Poor UI/UX - User friendly and intuitive interface.
f) Lack of Expertise/mechanism - Audited, secure with affordable collateral ratio - Orderly Liquidation mechanism.
How is Beyond Protocol different from other DeFi derivatives protocol?
Beyond protocol is layer 2 solution resolving the issue of scalability, network congestion and high transaction fee. Beyond implies the innovative approach of combining the usual Bid/Ask Order book and mechanism of automated market maker. Beyond provides the arbitrage profits opportunities with the synthetic asset and its underlying assets. Arbitrageurs can buy the synthetics and use it to unlock the corresponding value of BYN tokens. Beyond protocol also has a special feature call synthetic auctions whereby during the price discrepancy of more than 10% between the synthetic and underlying assets, the equilibrium in the price for the synthetic is restored.
What is the development roadmap?
1Q 2021 – BYN Token Distribution Beyond exchange official version launch
• Improved security. Enhanced scalability for mass user adoption
• Adoption of BIP for community voting (ex. fee sharing ratio, new asset creations)
2Q 2021 – New asset class introduction of private stocks, and probability events Future & Options update
• Expansion into crypto derivatives platform
1H 2021 ~ 2022 – Platform migration from current Ethereum 1.0 (TBD)
• Enhanced transaction speed and lower network fee
2H 2022 – Completion of full Decentralized Autonomous Organization transition
• All decisions related to exchange operation will be autonomously done by BIP process
What is the requirement to take part in Beyond Governance?
To participate in Beyond Governance, each stakeholder must have at least 50,000BYN tokens actively within their wallet. ( refer Beyond Governance for the details Beyond Governance)
How is Beyond Improvement Proposal (BIPs) operated?
BIPs is operated through the governance portal which is base on Ethereum Improvements Proposals. Beyond DAO will evaluate and review the submitted BIPs. The proposal should secure at least 5% of total BYN token supply voting (1BYN = 1 Vote), failing which the proposal will be declined. If the proposal is accepted the BIP can be challenged by BYN holder within the next 21 days.
What are the value propositions and incentives? How can I earn if I participate in the Beyond Finance protocol ?
1.Staked BYN tokens – Earn a Staking Reward.
2.Staked/ BYN Holders – Earn Daily Rewards.
3.Investing (minting) Synthetic Assets – Earn Portion of Newly Minted BYN Tokens as Added Incentive.
4.Beyond Governance – Receive Additional BYN Incentive.
5.Liquidity Provider – Earn LP rewards.
6.Lower Collateralization Ratio – Less Capital Intensive for Users of BYN platform to Invest (mint) Synthetic Assets