What Is Skyrim Finance (SKYRIM)?

Skyrim is a multichain structured finance protocol that works with the DeFi system. Structured finance is a financial tool accessible to businesses with complex financing requirements. There are two categories of DeFi traders in the market: Fixed-rate and Leveraged-yield. Skyrim Finance aims to bridge these two targeted markets and provide risk-adjusted returns to users of various profiles through these DeFi products. The platform employs multiple techniques to maximize yield with the help of yield farming opportunities and fixed APY (Annual Percentage Yield) vaults. There are multiple features of Skyrim Finance, such as:

• NFT-based interoperability: Skyrim Finance uses the ERC-721 standard NFT to represent deposits and bonds. With the help of this, users can transfer assets across accounts and wrap tokens to expand the feature set.

• Self-evolved and community-based: Token holders can propose and vote on platform modifications and administration. More extensive holdings, like other ecosystems, may not have more voting power. The services or contract engagements do not generate any revenue for the project.

• Built-in ETH, BSC, and Polkadot: The Substrate Framework can integrate Skyrim Finance V2 onto Polkadot. The project seeks to support DeFi multichain interoperability. According to the whitepaper, the protocol works on the dual token model. $SKYRIM is the utility token of the platform—the token functions as a protocol fee and a system incentive. SKYRIM also works as a funding source for future innovative items and a solution reward. The protocol's governance token is $TRANCHE. Token holders can create and vote on proposals through the TRANCHE token. The project is planned to be run entirely by communities through Quadratic Voting.

Market makers who provide liquidity are rewarded with $SKYRIM tokens in structured finance pools. All the genuine users and voters are rewarded with $SKYRIM tokens. The $SKYRIM token is used to fund the development of new goods and solutions in the future.

History of Skyrim Finance (SKYRIM)

The official website of Skyrim Finance was launched in 2021. The Skyrim Finance team includes a wealth of cryptography, financial mathematics, and computer science knowledge. In addition to technology, the finance talent hails from top universities worldwide, including New York University, University of Pennsylvania, Manchester University, and London Business School. They have now moved into the DeFi field to study and explore the new frontiers of Structured Finance.