EYIF (Elastic Yield Insurance Fund) is a dedicated wallet within Elastic Yield's ELYI ecosystem. It utilizes an algorithm supported by a portion of trading fees to bolster Rebase Rewards, ensuring stability and high yields for $ELYI token holders.
In essence, the staking rewards, distributed every 15 minutes at a rate of 0.03466%, are secured by EYIF, providing a reliable and lucrative interest rate.
EYIF safeguards holders by:
Mitigating flash crashes through price stability
Ensuring the long-term sustainability and growth of the Elastic Yield Protocol
