Proteo DeFiPrice

(PROTEO)

Proteo DeFi is an exclusive suite built on the MultiversX network, designed to complement the ecosystem’s native exchange. It offers advanced tools such as autostaking, bonds, and raffles to help investors maximize their yields. Rather than competing with the network's main exchange, Proteo acts as a specialized layer that utilizes existing liquidity pools. This allows users to stake their LP tokens on the Proteo platform to earn additional rewards beyond standard liquidity provision.

The PROTEO token features a hard-capped maximum supply of 20 million. To maintain value and scarcity, the protocol employs an intensive burning mechanism where tokens are permanently removed from circulation via swap fees, withdrawal fees from the Autostake pool, and proceeds from raffle ticket sales used for buybacks. Furthermore, the protocol utilizes a dynamic daily issuance model that decreases as the supply grows, ensuring the total supply remains below the hard cap.

sPROTEO is a receipt token granted to users who deposit PROTEO into the Autostake pool. It represents the user's share of the pool and offers dual utility: it allows users to earn continuous staking rewards while simultaneously serving as collateral for decentralized loans. This enables holders to access liquidity without selling their position. Additionally, sPROTEO functions as a governance token, giving holders the right to vote on protocol changes and the management of the Proteo DAO Vault.

Proteo Bonds provide a mechanism for users to purchase PROTEO tokens at a discounted rate compared to the market price. To benefit from this discount, users agree to a 10-day vesting period. This system is mutually beneficial; it offers a lower entry cost for investors while helping the protocol acquire and control its own liquidity. This protocol-owned liquidity strategy enhances the long-term stability and health of the entire Proteo DeFi suite.

The Elite rewards system is an exclusive tier for high-volume holders, offering premium benefits within the ecosystem. Elite members gain access to specialized farming opportunities and "Smart Orders" for automated trading. They also receive free entry into Elite Raffles, which feature significantly larger prize pools than standard draws. This system is designed to reward the protocol's most dedicated users with enhanced utility and exclusive earning potential.

Proteo operates as a Decentralized Autonomous Organization (DAO), where sPROTEO holders possess voting power over the protocol’s future direction. Regarding security, the suite is built on robust infrastructure and its smart contracts undergo rigorous audits by reputable firms like Runtime Verification. These audits focus on the safety of the lending and staking modules. For trading, PROTEO is accessible through major platforms like LBank and the xPortal mobile wallet.