Introduction

Blockchain technology which started in 2008 with Bitcoin is expanding since rapidly. With each passing day, many newer cryptocurrencies make their way into the crypto market and newer blockchain technologies have emerged in order to support the acceptance and application of the cryptocurrencies at a wider scale. We are seeing the major rise of Decentralized Finance(DeFi) in recent times. DeFi has got high attention in market. Dai, the most widely used DeFi application not counting Bitcoin and Ethereum, has spiked in popularity over the past six monthsMany high-street financial institutions are beginning to accept DeFi, and seeking ways to participate. Major asset management funds are starting to take DeFi seriously as well. DeFi is a revolutionary concept to reconstruct the banking system for the whole world in the open, permissionless way. With DeFi we are heading towards a new financial system that is more liberalised and decentralised than before.

A decentralized exchange (DEX) operates without a central authority, allowing peer-to-peer trading of cryptocurrencies. decentralized exchanges reduce the risk of theft from hacking of exchanges. Decentralized exchanges can also prevent price manipulation or faked trading volume through wash trading.

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.

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:

1. Yield Farming

Three Major Pools Yearn.Global will have are as follows:
. YG Pool
Users will be able to farm their YG tokens in this pool and in return they will yield high APY rewards. The total allocation of rewards for this pool will be 20%.
. YG/ETH Pool
For providing liquidity in this pool, users can earn high APY. The reward allocation for this pool will be 15% of the total rewards generated.
. YG/DEFI Pool
Our users will be able to Deposit other major DeFi tokens, such as YFI, YFII, COMP, LINK, USDT, etc to earn attractive APY on their farming. This pool will also have an allocation of 15% rewards.

2. 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.

3. Vault

There will be ERC20, TRC20 & BEP20 tokens that will be made available to deposit to earn high rewards and APY. The total allocation of 50% of rewards in form of YG tokens will be allocated in addition to the APY generated. This allows users to earn Interest in their native stable coin tokens along with 10% share of YG tokens.
Tokens that will be available are:
. ERC20 — USDT (ERC20), DAI, YFI, YFII, LINK
. TRC-20 — USDT (TRC20)
. BEP20 — BNB

4. 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.

5. Stable Coins & Pegged Tokens

Besides the major chain that will be available, Yearn.Global plans to release in future following tokens that will be 100% backed by real assets:
. yUSD/yEUR/yGBP — A USD/EUR/GBP backed Stable coin to be used on YG platform for staking and swap.
. yETH — Token backed by ETH to provide easy swapping on YG Platform.
. yBTC — BTC Backed ERC20 & TRC20 Tokens.
. yGLD — Gold backed ERC20 & TRC20 Tokens.

YG Token Details

● 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 Details

● 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

Highlights

Stake Cryptocurrencies

Our Users will be able to stake cryptocurrencies like ETH, USDT, YFI, YFII, DAI, and YG, to earn YG tokens as a reward based on the interest rate and amount staked. The pools are tailored in such a way that it will yield high rewards & APY for our users.

Ethereum Network

The most important thing to remember is that every transaction is done on the Ethereum network and using a smart contract. Once launched, Soon YG will start support for tokens based on the Tron blockchain. More blockchains like EOS will be added in the near future with staking, farming, swap features.

Partnership

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 following chart shows the roadmap which the Yearn Global platform will achieve with the passage of time.

Coinsbit listing

YG token will be available on Coinsbit on 02.11.2020!

Pairs:
YG/ETH
YG/USDT

Conclusion

In the current growing technology era the Yearn Global project has bring an awesome concept of crosschain DeFi protocol with the help of this innovative platform you can easily earn with your dull assets, stake assets, lend and borrow assests and the best thing that there is no need to worry of what particular blockchain your are dealing, since this platform provides the facility where two or more blockchain can interact with each other. What more to say join this growing project and stay ahead with the growing technology and earn more, since the early adopters always get more benefits.

Project Links

. Website: https://yearn.global
. Whitepaper: https://yearn.global/WP_YGv1.0.pdf
. Telegram: https://t.me/yearn_global
. Twitter: https://twitter.com/globalyearn
. Medium: https://medium.com/@yearn_global

Author

. Bitcointalk Username: rohan84370
. Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2842311