DeFi Staking

The next evolution in DeFi: YFDAI Finance

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YFDAI Finance is a DeFi protocol that offers various services to people around the world. This is a truly decentralized community since people make decisions that govern the operations of the platform. One of the underlying philosophies of YFDAI is people are assets, meaning that its success depends on all its members’ support, irrespective of an individual’s capacity in the ecosystem.

It is the focus of YFDAI to promote equity and fairness in its entrepreneurial drive, based on innovation and technological advancement. YFDAI aims to provide quality services and products securely. This motivates members of the community to access its trustless financial service.

YFDAI’s Portfolio

YFDAI offers a wide range of services to its community members. As an example, users can stake YFI-DAI to get a fixed return on their investment (ROI), up to 72% per year. The staking process is straightforward, as investors earn a return within 72 hours from the moment of locking the YF-DAI. Also, users can withdraw their initial tokens and interest earned.

The other outstanding services that YFDAI Finance provides are lending and borrowing. The community has many lenders and borrowers of cryptocurrencies. Lenders get passive income in return for providing liquidity. However, the amount of passive income depends on the prevailing market rates. Besides, the deposited tokens also act as collateral should the member want to borrow. Another exciting fact is that the funds circulating in YFDAI through lending and borrowing are secure, as the platform uses audited smart contracts.

The platform also supports yield farming. Crypto owners can create farming pools to provide liquidity to the UniSwap YF DAI-ETH pair through the UniSwap pools

 The YF-DAI protocol also has a facility that enables start-ups to raise funds through their tokens’ sale. Thus, community members can buy start-up tokens at pre-sale prices through the Launchpad protocol. This protocol does not allow early rug pulls to protect the users’ funds.

On the other hand, YFDAI helps all new start-ups reach their potential by securing their tokens using fully audited smart contracts. How YFDAI upholds the tokenomics of the start-ups depend on their projects and their missions.

Finally, the YFDAI E-commerce platform allows users to participate in various banking services as they buy or sell products. Participants will make payments using digital cards or other wireless methods, powering high-volume transactions. YFDAI anticipates that its users will form a large customer base for the E-commerce platform. Some “products” on sale will include tokenized art, online services, and educational courses.

Features of the Protocol

To provide secure, transparent, and reliable services, YFDAI Finance has several key features.

Accessibility: The platform is well-structured, making it easy to navigate. Besides, there are easy to follow instructions. 

Security: One of the main goals of YFDAI Finance is to ensure a high level of security for all transactions and users. For instance, start-ups have to undertake similar security measures as YFDAI itself to participate in the fund-raising program.

Intuitive Governance: Community members participate in decision making through the voting system. To make the results authentic, FY-DAI holders have a role in verifying the votes. 

Trustless protocol: YFDAI Finance lives up to the notion of a “distributed, trustless, permissionless, and decentralized system.” It achieves this by using time-locked smart contracts that are tamper-proof.

 YF-DAI Token

The YF-DAI token, an ERC20 token, is deflationary since it has a limited total supply of 21 000. Its distribution is:

  • Circulating supply: 7 770
  • UniSwap liquidity: 7 770
  • Staking: 5 595
  • Farming: 1 455
  • Team and Advisors: 2 520
  • DAO: 300
  • Development: 2 100
  • Marketing: 1 050
  • Reserved: 210

Community 

You get all the details on FYDAI Finance from the following social platforms: 

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