Pylon consists of a suite of savings and payments products in Decentralized Finance (DeFi) that builds on stable yield-bearing protocols such as Terra’s Anchor Protocol in order to provide services powered by user deposits. Pylon enables sustainable exchanges between long-term value providers and their consumers through customizable deposit contracts and Anchor yield redirection. As a promising future standard of programmable payments, Pylon introduces a new paradigm of incentive alignment between payers and payees, consumers and creators, patrons and artists, investors and entrepreneurs, borrowers and lenders, and many more relationships. The protocol is maintained by various independent platforms and is governed by holders of Pylon’s native governance token also known as $MINE. Pylon is a convenient principal-protected payments product designed for broad appeal beyond the world of crypto natives. Making a payment with Pylon, for the user, consists in two simple steps: first deposit Terra stablecoins for access to recurring services powered by platforms.
Then withdraw your principal in full, base capital untouched, upon subscription expiry. The process is also simple for the creator behind the scenes, allowing them to customize the funding options and receive stable, continuous yields generated from user deposits. As Terra ecosystem continues to grow, Pylon brings an innovative way to pay for subscription based payments. The token is available and trading on decentralized exchanges (Terraswap).