Yearn.Global: A Multi-Chain DeFi Project

in blockchain •  4 years ago  (edited)

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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.

YG TOKEN

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.

The DeFi Products that YG will provide on its platform are as below:

● Yield Farming

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:

  1. 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.
  2. 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.
  3. 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

YG Vaults enables the users to deposit various tokens or coins and earn interest on their deposit. Initially the protocol will support only the Stable coins such as USDT, DAI, etc. and later other major coins will be added to the vaults where by depositing the assets, high rate of interest can be earned along with YG & xYG Tokens as a reward. 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

● Swap

Yearn.Global will offer a cross-chain swap opportunity to our traders and users, to swap between various tokens. We are getting in partnership with various liquidity providers and platforms for integration with our platform to offer our customers a smooth experience.

● DEX

Yearn.Global is trying to get in agreement with major cross-chain liquidity providers to offers a decentralized exchange solution. DEX will be available in late December 2020.

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

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Benefits and Features

  1. Individuals who are long term investors of assets supported by YG Platform, can use YG Platform for earning additional income. On investing their assets with YG Platform, users can earn interest in their assets blockchain along with additional reward of YG/xYG Tokens. For Example, a User who have x amount of USDT lying idle in his wallet, can deposit his USDT tokens with YG Vaults and can earn interest in USDT along with additional reward in YG/xYG Tokens. The combined rewards of Interest earned along with YG/xYG Tokens awarded will increase the total yield of the investment.
  2. YG Pools are tailored in order to provide the users and participants with high Yield and APY. Also to counter the excessive liquidity, Halving and Burn Options will be used and incorporated in the Master Chef Contract. Initial investors will get benifited by our liquidity pool's upto 2000% APY which will be halved on regular interval till it is stabilized at somewhere around 125% APY. It is being developed in such a way that our early adopters can be benefited with our high APY.
  3. Swap between your favorite pairs using YG Platform and pay low fees of just 0.3% on every trade. The Fees earned will be used for Buy Back & Burn of YG Tokens till the circulation supply can be capped at 30,000 YG.
  4. YG Devs are exploring possibilities to develop Stable coins that will be asset backed and pegged with the rates of assets such as USD, EUR, GBP, ETH & BTC. This will reduce the dependency of the YG Platform on its partners for providing cross chain liquidity. It will not only power the YG's DEX but will also help in smooth Swap functioning.
  5. YG Team is actively developing its Mobile based deFi platform to push its iOS & Android applications and offer its users a better and more friendly user experience. Wallet Development DeFi enabled wallet that doesn't store users private keys and is fully decentralized and works with our Mobile applications.

Solid Partners

To provide liquidity for our platform, YG will form a partnership with cross-chain liquidity providers such as Wanchain, Komodo to power its cross-chain atomic swaps.

Roadmap

The project is moving positively and is on a successful journey with the help pf team which consists of experts from different fields of blockchain here is glimpse of the roadmap of this unique project.

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YG Token Listing

  • Yearn Global is listed on coincodex
  • Uniswap listing at 1 ETH=12 YG
  • Yearn Global is also listed at coingecko
  • Coinsbit listing on 2nd November

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Conclusion

This platform is very useful and new technology is always welcomed. The current flaws of blockchain are now covered and the users get more opportunities to earn more with security of their assets. Crosschain DeFi Protocol concept of this platform is revolutionary in current times. The best thing is that you can earn from the idle assets which are lying dull in your wallets. It's great that the project has more members with years of industry experience. I believe the project with the help of talented members will be stronger and more attractive to investors.

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