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Introduction
Immortal is a decentralized reserve currency protocol on Celo blockchain based on the IMMO token. Each IMMO token is backed by a basket of assets such as mcUSD, mcEUR & CELO in the Immortal reserves, giving it an intrinsic value that it cannot fall below. Immortal also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.
Our goal is to build a policy-controlled currency system, in which the behavior of the IMMO token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that IMMO can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation. In the long term, we would like to propose more utilities to projects in the Celoverse and become more integrated with the blockchain.
At the moment, there are only two main strategies for investors: staking and bonding. Stakers stake their IMMO tokens in return for more IMMO tokens, while bonders provide Liquidity Pool (LP) or mcUSD tokens in exchange for discounted IMMO tokens after a fixed vesting period.
For new users, the easiest strategy to participate in Immortal is to buy & stake IMMO in return for the high APY offered.
To involve in protocol governance, everyone can discuss their ideas & provide suggestions in our community discord. We are always looking for new and active community members to contribute!
We find that most of our users are not yet on the Celo Blockchain. Therefore, we have written a series of guides on how to bring funds form other networks into IMMO.
Last modified 1yr ago