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Exchange rate of ELU (ELU) to LIEN (LIEN)

1 ELU = 0.015533 LIEN


Quotation rate chart ELU (ELU):

Lien (LIEN) is a cryptocurrency project that focuses on creating a decentralized stablecoin system. The project aims to provide stability and sustainability to the DeFi (Decentralized Finance) ecosystem by introducing a unique mechanism to manage the value of its native stablecoin, the Lien token.

Lien's primary focus is on achieving stability within the cryptocurrency market. It does this by allowing users to create decentralized stablecoins called "Options." These Options are designed to be more flexible and adjustable than traditional stablecoins like Tether (USDT) or USDC.

Lien's mechanism involves two main tokens: "Spare" and "Lien." Users can create Options by depositing DAI (a stablecoin) as collateral and receive Spare tokens in return. Spare tokens represent ownership in the system's collateral. Lien tokens are used to mint new Options or redeem the collateral.

Lien token holders can participate in decision-making processes regarding the protocol's parameters and upgrades.

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