🌎Roadmap

Lending/Borrowing - Floor Price Token Factory - Layered dApps/Derivatives - OmniChain Presence

Borrow ETH via $LILY collateral

Borrow ETH with $LILY as collateral. A borrow amount is set to a swap rate of the current active floor price.

With that ETH you can buy more $LILY or virtually take profits, while still being exposed to future LILY upside.

Enabling multiple-entry AAVE style Folding & APR Farming mechanics is the goal.

Once the borrowing protocol is thoroughly tested, we will enable the functionality for the public.

Lending Protocol​

We will also introduce a simple peer-to-peer lending market that offers a fixed annual interest rate of n%.

Users can provide Crypto and earn n% APR by lending to other users who put up floor price backed $LILY as collateral.

n% is set by either the Lender or Borrower. Competition for APR rate price discovery is incentivized and will likely follow the price delta of LILY active price vs floor price while factoring floor borrow APR rates. This incentivizes and attracts market makers.

We will create a fixed rate of 8-12% at the start of the market, as to set a suggested rate or to reset the rates if there is a rate pump or dump of the rate, out of reasonable bounds as to maintain the health of the lending market.

Unlike traditional lending markets the liquidation price is always based on the current floor price of $LILY, which can only increase over time and will always have sufficient liquidity to handle every and all liquidations due to loan defaults.

This is all due to the protocol design/mathematical determinacy of the floor price. Creating a non-decreasing "stable" coin style asset via the floor backing.

Once the lending protocol is thoroughly tested, we will enable the functionality for the public.

Build dApps/Derivatives on Top of Onyx Lily​

$LILY's floor price acts as an oracle and thus allows dApps or derivative tokens to be built on top, with no approvals from third parties, so feel free to build new experiments on top, even before we release the Token Creation Factory.

Example:

Start a 3x LILY BULL token that tracks the price 3:1 via 1:1 backing

-> Stake all the tokens backing the 3x bull token and gain passive $LILY APR.

Offer staking for 3x BULL_LILY and sell the tokens that back it if $LILY is above floor, buy back at floor.

Only do this with an amount that can be covered with the APR gains as this is trading with funds.

Use the Factory to Fair Launch derivative tokens​

Launch an RFV token with Onyx Lily Protocol features or backing, and benefit from the early adoption via the community.

Omni-Chain via LayerZero

Our token inherits TJ token LZ omni-chain capabilities.

Laying dormant until the time is right to traverse the multiverse.

Disclaimer

Onyx Lily tokens are released via a Trader Joe v2.1 Liquidity Pool. The purchase of Onyx Lily tokens does not constitute an investment contract or any form of investment advice.

Onyx Lily no guarantees or promises about the future value or performance of the token, and the value of the token may fluctuate significantly.

Also note that it might be illegal for you to own Onyx Lily depending on your jurisdiction, check with your local laws.

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