The outcome of previous decade is that there is evolution of blockchain technology. After all up/downs and hurdles, we are witnessing a huge boom and acceptance of crypto day by bay. No matters what the field is , crypto is leaving its impression an becoming the best choice to invest& earn.
One area in cryptocurrencies attracting huge attention is DeFi or decentralized finance. This refers to financial services using smart contracts, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use online blockchain technology instead.
Developers can create DeFi applications (DApps) on blockchain for the purpose of minting, storing, and managing crypto assets. Smart contracts bind the irreversible agreements between two sides without the need for a middleman, making the whole financial system becomes resilient and transparent.
What is Yearn.Global?
Yearn.Global (YG) is an independent defi protocol that offers cross chain defi products to its users. The Users can be benifited by high yield pools on YG platform that are tailored to provide high APY to our participants. Unlike other DeFi platforms, YG offers cross chain DeFi Staking, Farming, Vaults and Swap on its singular platform. YG will aggregate supply from DEX Cross Chain liquidity providers to fuel its liquidity pools. Partnerships with major liquidity aggregators will enable the users to swap and trade
multiple assets.
Yearn.Global has been founded on four pillars:
● Interoperability
● Decentralization
● Privacy
● Security
These pillars forms the virtue on which the Yearn.Global was founded and conceptualized and established. Multi prong efforts are already underway to smooth interoperability solution and complete decentralization. After all, Not your Keys, Not your Coins. Integration of next generation on & Off Chain privacy tools to provide our users complete privacy while interacting with YG Protocol.
Yearn.Global Will Support:
Swap
Swap allows users to quickly and easily exchange one crypto asset for another, without having to use fiat currency as an intermediary and without ever leaving your Blockchain Wallet. With Swap you can quickly exchange between BTC, ETH, BCH, XLM, USD and Tether (USDT). Using decentralized technology Swap users can exchange assets on-chain while maintaining complete control of their private keys. You can use Swap for numerous reasons: to move out of a volatile asset, hedge against real-world events, or to try a new crypto asset. Whatever your reason, Swap makes it easy.
Stake
Staking cryptocurrency means: In exchange for holding the crypto and strengthen the network, you will receive a reward. You can also call it an interest. With staking you can generate a passive income by holding coins. Besides that you receive a reward (in the form of extra tokens), you can earn extra when the coin increases in value.
Yieldfarming
Yield farming in simple terms means locking up cryptocurrencies and getting rewards. Also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. Yield farming is typically done using ERC-20 tokens on Ethereum, and the rewards are usually also a type of ERC-20 token. This, however, may change in the future. Yield farmers will typically move their funds around quite a lot between different protocols in search of high yields. As a result, DeFi platforms may also provide other economic incentives to attract more capital to their platform.
Yearn.Global will have 3 major pools for Yield Farming. The liquidity pools are tailored to earn high APY to the farmers. These pools are as follows:
● YG Pool - Users will be able to deposit YG Tokens in this Pool and in return they will be rewarded with high APY and will be awarded with newly minted YG Tokens and xYG Tokens. The total allocation of the pool will be 20% of Total YG emitted during the time period.
● YG/ETH Pool: Liquidity providers to this pool will earn attractive APY & Yield in form of YG Tokens and xYG Tokens. 15% of YG emitted during the time period will be allotted for this Pool.
● YG Defi Pool: Pools will be created for major Defi tokens paired with YG Tokens to provide liquidity to the platform. 15% of the YG will be allocated to YG/DeFi pools
Vaults
Unlike wallets, which are instantly accessible, vaults are a more secure place to store your cryptocurrency. They’re not connected to the network, so you don’t have to worry about any cryptocurrency being accessed from a vault if your account gets hacked. Crypto funds stored in vaults are extra-encrypted, making them useless for thieves unless they have your specific codes.
Coins or Tokens which are under consideration by Team
YG at the moment are as follows:
● ERC-20: USDT, DAI, YFI, YFII, LINK
● TRC-20: USDT
● BEP20: BNB
Lending
With Blockchain technology growing exponentially, more and more people are putting their money in this field since it’s one of the most exciting innovations of our time. One sector that is also benefiting from this technology is finance, and especially the lending side of the industry. crypto-lending is the process of lending digital assets through crypto exchanges or different lending sites with an interest rate.
DEX
In cryptocurrency a DEX is a Decentralized peer-to-peer Exchange. It is an exchange run by code. It is a place where people can trade cryptocurrencies directly without a middleman. On a DEX every transaction is generally written to the blockchain. The DEX replaces the need for a centralized exchange to act as a middleman.
YG Tokens
Year.Global will be powered by YG Token, which is a native token of the YG Platofrm & will be initially an ERC-20 DeFi Token and later will be available in TRC-20, BEP20 blockchains. The YG Token will bolstered the value of Yearn.Global platform with its liquidity pools and various use case. The Limited Supply and constant demand will help YG token to earn attractive ROI to its holders over the course of time.
xYG Tokens will also be created once YG Tokens will reach their max supply in order to reward YG Platform liquidity providers. xYG Tokens value will be determined by using the Governance voting by the community at the time of creation of Tokens.
YG & xYG Tokens
YG Token Tokonomics
● Name : Yearn Global Token
● Symbol : YG
● Token Type : ERC20 Defi Token (Already created)
TRC20, BEP-20 to be developed after deploying Masterchef Contract on ERC20 chain.
● Total Supply: 50,000 YG
● Current Supply: 25,000 YG
Tokens Distribution:
● Team: 1500 YG (Locked for 2 years with Team.Finance)
● Pool Liquidity : 10,000 YG (Locked for 6 Months with Team.Finance)
● Private Sale : 3600 YG (No Lock Period)
● Public Presale : 7875 YG
● Marketing : 2025 YG (Including Airdrop and Bounties Tokens)
● Uniswap Listing: 5000 YG
● Yield Farming Rewards: 20,000 YG
xYG Token Tokenomics
● Name : xYG Token
● Symbol : xYG
● Token Type: Multiple Blockchain Token.
● Total Supply : To Be determined later
● Current Supply : 0 xYG (Freshly minted as a Yield Farming, Staking & Vaults Rewards.
● Price : Pegged against YG Token. Rate to be decided later through community Voting.
Roadmap
The core team of this unique platform is active and innovative. The team has clear cut plannings & strategies how to move ahead and capture their goals. Take a glance to The best scripted roadmap of this Unique platform to understand the future proceedings of Yean.Global :
YG Token Listing
YG token will be available on Coinsbit on 02.11.2020!
Pairs:
-YG/ETH
-YG/USDTUniswap trading is live.
-listing price 1 ETH = 12 YG
Conclusion
Decentralized exchanges are still in an early development stage; their higher trade latency, lower liquidity, and less intuitive user interfaces make them less attractive for mainstream retail users. The project Yearn.Global is a new revolution of technology which is at one step advance and all the flaws of decentralized exchanges are taken care and the platform of Year,Global is providing the best user friendly way out by supporting Swap,Farming, lending and staking on its unique platform.
If you are looking for a good project for investing then here it is in front of you! Study in more detail and understand what it is worth investing in. This project is a powerful technological and information resource, which includes all the advantages of the blockchain and is created for its advanced development and mass distribution.
Project Details
Website: https://yearn.global
Telegram: https://t.me/yearn_global
Twitter: https://twitter.com/globalyearn
Medium: https://medium.com/@yearn_global
Email: [email protected]