Tellus is developed by geeks from around the globe, and governed collectively by its Tellus DAO members. It is a groundbreaking decentralized ecosystem that addresses the shortcomings of traditional finance. Tellus builds a decentralized ecosystem encompassing flash loans, DEX exchanges (Uniswap and Balancer), derivatives (Synthetix), insurance (NexusMutual), and stablecoins. Around these foundational protocols, new dapps will be established to enhance the value of DeFi.
By combining DeFi with NFTs, Tellus transforms NFTs beyond mere collectibles, granting them TLS production rights within its ecosystem, and establishes an NFT trading platform. The Tellus Chain, as a Polkadot parachain, aims to facilitate smoother circulation of DeFi assets across different chains.
TLS is the sole utility and governance token for the Tellus ecosystem, with all tokens aside from those in the early whitelist phase being produced through mining.