πExecutive Summary
Daylight Protocol Litepaper
Introduction
Daylight was created with the intention to stabilize the DeFi space by ascertaining measures in place to mitigate price manipulation, depreciating value and combat sustainability issues faced by other protocols in the space.
Project Daylight receives its inspiration from The Icarus Syndrome, having seen many attempts in the DeFi 3.0 space receive setbacks as a result of lack of sustainability and breach of limitations. The Icarus syndrome is a characteristic of leaders in organizations who start excessively ambitious projects that fail, harming both themselves and others in the process. These leaders can't control their misdirected enthusiasm because they are too enthused to do so before it's too late.
As a meticulous and financially propelled team, we aim to not only simplify earning over time, but to also make it a constant, reducing sell pressure, sustaining invest-ability and to set baseline limitations that will provide appreciative value to investors. Daylight Protocol operates in favor of the retail investor and the risk-free value aspect of DeFi, by implementing consistent and well-calculated mechanisms, stabilizing the protocol.
Daylight Protocol is DeFi's all immersive cross-chain casino and BetFi gambling protocol that enables players to relive the casino experience on-chain by purchasing into play with any dominant currency across all chains, powered by a deflationary emission-based p2e utility token as well as an ever appreciating reward token with passive rewards over time in the form of staking rewards for token holders.
Project Daylight employs the Daylight Token, the first of its kind and the newest innovation in DeFi. The Daylight token is a deflationary rewarding token that has an ever-appreciating floor price and is fully collateralized. Daylight produces this token as the first ever TRUE wealth generation token in the world.
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