Decentralized finance (DeFi) appears to be the most active and growing aspect of blockchain technology. DeFi offers users various innovative flexible financial primitives that tag along with real-world traditional assets. Whether decentralized exchanges, lending and borrowing protocols, synthetic assets, or decentralized derivatives, developers provide users with a wide selection of products with different risk status.
The DeFi hurdle
Despite the fact that there are many DeFi projects, each offering diverse products aimed at the masses, DeFi is yet to breakthrough to mainstream adoption. Many projects are more of experimentation that professional financial services. Low liquidity, non-intuitive user interfaces, high risks, and capital inefficiency are some of the roadblocks that limit the adoption by the general populace.
The Rising Star on the horizon
A new crypto star is on the block - Yield Bank, a new DeFi project set to cater for the needs of all by offering a diverse array of decentralized financial products and services for every category of crypto user under a single platform.
Welcome Yield Bank
Yield Bank is a DeFi platform, built on the Ethereum blockchain, that aims to innovatively provide topnotch DeFi products to cater for the various risk appetite of all users, all on one ecosystem. The intention is to help anyone build a solid financial future without limitation. The platform features both low-risk and high-risk DeFi primitives in a secure and completely decentralized environment. Yield Bank is not just another DeFi experiment, the platform is solidly built to offer most common DeFi services and tools delivered innovatively while maintaining both long-term profitability and sustainability.
Users with low risk appetite will be able to stake and partake in yield farming, while those with high risk appetite can trade DeFi futures.
The Economic Drivers of Yield Bank Platform
Yield Bank leverages the tokenization potential of Ethereum blockchain to create new economic model to bootstrap and operate its platform. Yield Bank uses two tokens, yB and yCASH tokens, to unlock the platform and create economic values within the ecosystem.
yB token is the primary utility token of the Yield Bank platform. It is the key that unlocks all the features of the platform, that is, without yB token a user will be unable to access the platform features and products, no staking, no yield farming, no reward. yB is a deflationary token that is coded based on Market Directional Index (MDI) model. This model causes a positive market price movement and effectively tackles sell pressure.
yCash token is the token specifically designed to serve as the reward token for staking or farming yB token. It is also a deflationary token backed by a proprietary MDI code to boost its market price by pushing for buying pressure while preventing sell pressure. Additionally, yCash by virtue as its status as reward token provides a secondary level of buying pressure for yB token since without yB token, users cannot stake or farm to earn yCash.
yB and yCASH tokens at a glance
| yB Token | yCash Token |
|---|---|
| Deflationary in nature | Deflationary in nature |
| Native utility token | Reward token |
| Unlocks platform features | Supports market price of yB |
| Total supply of 75,000 | Total supply of 75,000,000 |
| 68% reward allocation | 68% reward allocation |
Topnotch Features of Yield Bank Platform
Yield Bank distinguishes itself from other DeFi projects on the block in several fronts, especially in the delivery of these popular DeFi primitives so that anyone can participate and get real value for their capital.
Lucrative Staking
Yield Bank approaches staking in a unique way based on a two token system. Users stake yB token to passively earn yCash token. The system is designed to reward stakers throughout the entire token life cycle.
Auto-Compounding Feature
The auto-compounding feature enables user to automatically reinvest the dividend accrued on their stakes. When a user chooses this option, it removes the burden of manual reinvestment as the system reinvests the yield rewards and adds to the existing farming liquidity pool to generate additional benefits. Instead of getting simple interest rewards, the user gets compound interest way bigger than the normal yield.
Long-term Savings for Retirement
The Yield Bank vault, powered by dynamic algorithms, are designed to move capital around digital assets so that the best performing asset gets more funds. By monitoring the price direction of digital assets, the vault constantly backs trading of assets.
The 401k vaults are built for retirement strategy of users and it offers sustainable yields to guarantee user financial future. So with 401k vault, users can save for their future.
Unique Account Number for yB Holders
Another unique feature of Yield Bank is the allocation of internal account number to each unique Ethereum address holding yB token. Users can get a full statement of their decentralized financial account consisting of data such as token balances, profits, gas fees, transaction fees spent, and other information.
The People’s Fund
The People's Fund is a dedicated fund that provides a further fair distribution of passive income to all stakers and yB holders. The fund is served by very small tax charged on every transaction on the platform, and it automatically empties and distributes holding to all stakers. This is a first of its kind product in DeFi.
DeFi Futures
Yield Bank has also ventured into decentralized futures trading, enabling high-risk users to trade futures contracts in a secure way. The platform is built as the decentralized model of top centralized futures exchange and any yB holder can leverage the platform to trade derivative contracts based on price movements of popular assets such as BTC, ETH and so on.
Further, collateral providers can provide collateralized liquidity for futures traders without facing risks of impermanent loss. Therefore, traders can decide to opt for leverage or not to take long and short positions.
Conclusion
The DeFi ecosystem is full of promises and powerful potentials that are yet to be unleashed or accessed by the target - the masses. Yield Bank is introducing many of the popular DeFi products under a single system for users to choose from based on their risk appetite and profit strategy.
With the yB token, anyone can cash in on the platform to create more wealth and secure their financial future.
Official Links
Use the following links to find out more about Yield Bank:
Website: http://yieldbank.finance/
Twitter: https://twitter.com/yieldbank
Telegram: http://t.me/yieldbank
Medium: https://medium.com/@YieldBank/introducing-iyield-yield-bank-af745a661b0
Writer's Details
Bitcointalk Username: Mexite
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2646515
Wallet Address: 0x34319410B3e467C03490d084e1363AAC8adacd37