DeFi (Decentralized Finance) has revolutionized the cryptocurrency industry. More and more people are innovating because of the interests they offer. DeFi is an application that uses smart contracts running on the Ethereum blockchain network to get loans in the form of crypto assets with the guarantee of other crypto assets at stable prices (stablecoins). Smart contracts are a special (programming language). Programmers can use that code to create applications that run completely on a decentralized blockchain network.
The recent increase in DeFi users has significantly increased the number of funds locked in DeFi. according tno DeFiPulse Top 3 launched a governance token by Compound, Uniswap first with a cumulative value of $ 2.71 Billion, followed by MakerDAO with $ 2.13 Billion and WBTC with $ 1.46 Billion.
The Problem In DeFi?
- Lack of liquidity as market participants have an important role to play for long-tail crypto assets and protect market value or profits profitably over a long period of time.
- Many crypto tokens on DeFi have no long plans for future prices where they pretend to like tokens and many DeFi projects don’t know market conditions are in range or start a new trend. this is a huge risk for the users involved in it.
- A scary interface that makes crypto users uncomfortable and secure in making transactions on DeFi, especially on DeFi projects that are not yet clear about security on others.
Yield Bank Solutions
The Yield Bank team will solve previous liquidity problems and improve the interface functions especially security and simplification so that it is a pleasant and easy experience for users. Yield Bank uses coding to apply the MDI (Market Directional Index) to create a positive market price and avoid the risk of selling pressure from someone pretending to like the Yield Bank project.
How does Yield Bank work?
Yield Bank delivers quality products that provide safety and comfort, and provide long-term, stable results for users who interact with our platform. Yield Bank makes a token called Token yB, token by is a deflationary token.
Token deflation is a token that automatically buys itself on the open market and automatically marks the token.
The yB token is built on the Etheirum network, which is a betting tool for the ecosystem that can be staked independently or individually. If you do not have yB tokens you cannot participate in our platform, from these yB tokens we can get income from betting in the form of yCash which is the same quality as yB.
Yield Bank Features
Staking, staking is the act of locking cryptocurrency to receive a reward. YB token holders have the ability to bet on our platform and get prizes from yB tokens or it can be in the form of yCash.
Arbitration, arbitration is the settlement of disputes that arise especially in the field of trade between the parties bound by an agreement. Yield Bank’s multitude of arbitrage markets can pair with high volume tokens to create and develop an unprecedented market. Arbitrage can increase the LP.
Value, volume, and trading opportunities applied in the pool. Vaults, a trading strategy from Brankas Inside Yield Bank automatically transfers funds to the best-performing assets in real-time. Yield Bank uses the best off-chain technology to estimate prices that are not yet available in other DeFi protocols.
401K Vaults, With a long-term mission, the 401k strategy is designed to save long-term revenue for customers (retirement). User Interface and Experience, from the existing DeFi interface, still looks scary to Crypto users. Yield Bank will change all that and simplify it to make users safe and comfortable.
Individual Account Ownership, Each ETH address that holds yB will be assigned an account number, this account number is unique and pegged in our database to the ETH address to provide you with details of balances, profits, gas costs, transaction fees, where your assets are allocated and much more.
People’s Fund, given to our token holders not to sell our tokens. These funds are compromised with a very small tax on any sales or transfers that occur and automatically distribute their total holdings to all token holders.
yGasSaver & Auto-Compounding, yGasSaver feature is an option to save about 90% gasoline in transactions. Our Auto Compounding feature is where when selected, allows the user to automatically reinvest their yield dividends further into the staked pool at the user’s discretion.
Yield Bank also created AMM (Automated market maker) at DeFi, where these trades are executed by interaction to smart contracts on the Ethereum network. the term disguises a third party so that trading can take place regardless of liquidity or asset price. For example, if we want to send ETH to the yB coin smart contract, then the smart contract will give us how much yB we will generate.
The above statement concludes that Yield Bank provides a safe and convenient interface to previous DeFi projects, with new methods and strategies being implemented for the first time in the DeFi world. Yield Bank is the first DeFi to employ this method and strategy. We also have long term income and are working with the arbitrage market to increase the volume and value of LP to build a more developed DeFi in the future.
ACCURATE INFORMATION
- Website : https://yieldbank.finance/
- Whitepaper : https://yieldbank.finance/mt-content/uploads/2020/10/yb_whitepaper_lite.pdf
- Telegram : https://t.me/YieldBank
- Telegram Ann : https://t.me/YieldBankAnnouncements
- Twitter : https://twitter.com/YieldBank
- Medium : https://medium.com/@YieldBank
- Discord : http://discord.gg/4DrKFzJ
AUTHOR
- Bitcointalk Profile Name: Ris88
- Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=742331
- ETH Wallet Address: 0xa9826b1d63a550E5fC6A5a6e351224E07195fD95