## YIELD BANK- A DEFI PLATFORM ENABLING CRYPTOCURRENCY USERS TO MAXIMIZE THEIR YIELD

in defi •  4 years ago  (edited)

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Blockchain technology through DeFi has revolutionized the financial system. And since DeFi was introduced, it has been at the forefront of innovation in the blockchain space. DeFi, unlike traditional finance, is transparent, decentralized, and permissionless, allowing anyone with a working internet connection and supported wallet to interact with them. Decentralized Finance allows people to execute their transactions in a trustless and cost-efficient way.

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As technology is advancing, new ideas keep evolving. One interesting concept that has emerged as a result of DeFi is yield farming. It allows people to earn more cryptocurrencies with their crypto. Yield farming has become an innovative way for anyone to earn or make more crypto as a reward for their cryptocurrency holding, by utilizing a permissionless liquidity protocol.

One attractive part of yield farming is that it enables anyone no matter your level of experience in crypto to earn passive income by utilizing the decentralized ecosystem which is built on a robust Ethereum network. Though there are so many yield farming platforms but finding the right platform is the key to a maximum yield. One platform that guarantees the best yield farming is the Yield Bank platform.

WHAT IS YIELD BANK ALL ABOUT?

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Yield Bank is a DeFi platform that allows yB token owners to trade futures contracts. These contracts are centered around the DeFi model of Uniswap. On the Yield Bank platform, provided you own yB tokens, you will be able to place perpetual futures contracts on the price movements of the biggest crypto assets such as BTC, Eth, and the rest of them.

Yield Bank aims to provide a solution to the current issue facing Decentralized Finance yield aggregating platforms and to bring a sustainable and safe Annual Percentage Rate and still offers a high Return On Investment. Unlike other DeFi projects whose products have short term lifecycle, Yield Bank is designed to be a long term project with scalability and transparency.

Another interesting aspect of Yield Bank is that yB token holders will be issued an internal account number which will enable users to access the platform. Additionally, the platform is built with a user-friendly interface that will provide users with everything they need under one roof. With Yield Bank, users can stake, trade LPs, swap coins, lock-up crypto in vaults, print a detailed statement of account of their transactions, and many more.

YIELD BANK- THE BEST YIELD FARMING PLATFORM IN THE WORLD

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Yield Farming is the same as liquidity mining. It is a way by which crypto users or owners generate rewards with cryptocurrency holdings. Here people lock up cryptocurrencies and get rewards in the process. With yield farming, anyone can lend funds to others through the use of smart contracts, and in return, the person gets a reward or a fee in the form of cryptocurrency.

Yield Bank platform understands the complications involved in yield farming especially for those with less experience in cryptocurrency and that is why they have come to make things better and simpler for everyone. In this regard, Yield Bank plans to provide a clean and professional easy to understand UI/UX to users.

Yield Bank is focused on creating an ecosystem that will yield the highest and safest yield any user can achieve. Furthermore, the Yield Bank platform is determined to provide a high level of security to its users by ensuring that the smart contracts are impossible to be breached just to make sure that users' funds are safe and secure.

YIELD BANK AMAZING FEATURES

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Many things make Yield Bank a better option than other DeFi yield aggregating platforms. These features include:

INFINITE REWARDS: Yield Bank has proven to be the best ecosystem that rewards users till infinity, that means their reward is as long as the lifetime of their contracts so long as their contracts are interacted with. Yield Bank offers a balanced ecosystem to ensure that users are duly rewarded.

OFF-CHAIN TRADING: Yield Bank is the first platform that offers off-chain with selected vaults. The professionals behind this platform have been able to develop great strategies that will fully autonomously trade-off the Ethereum chain in a fully automated process and return on-chain to deliver the yields to their users. All these will be achieved with the help of AI (Artificial Intelligence) and trading bots, and this will be the first strategy worldwide to achieve this task.

GAS SAVER: Yield Bank is very innovative. It utilizes a powerful feature known as yGasSaver which combines multi-transaction steps into a simple one-click option to save gas for users. The Yield Bank allows users to enter their pools without having to leave their platform. Users can swap their tokens, add liquidity in different pools, and still stake the returned liquidity provider tokens all in a simple one-click, which will enable users to save huge gas fees around 90% of it.

ARTIFICIAL INTELLIGENCE (AI) VAULT STRATEGIES: Yield Bank team are experts when it comes to Artificial Intelligence technology in the blockchain space, through this AI technology Yield Bank has been to integrate true AI trading strategies which are great news to the crypto users. One great thing about this strategy is that it has delivered consistent results with a steady yield which can not be seen on other platforms.

AUTONOMOUS MARKET BUYBACK: Yield Bank offers autonomous market buyback by creating perfect economic support that will reduce sell pressure and at the same time continue to raise buy pressure by looping their liquidity pools seamlessly into each other behind the scenes.

FULL STATEMENTS OF ASSETS ALLOCATION: On the Yield Bank platform users will be allowed to track every single action held on the Yield Bank ecosystem and platform once they complete their account registration. Through this feature users will have the opportunity to view their allocations, view their fees, rewards including their profit yield in an understandable easy-to-read statement which will be similar to that of the traditional modern bank statement of account.

ABOUT YIELD BANK TOKEN

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Yield Bank like every other platform has a native token known as yB token and also an associated token known as yCash. yB is used for staking on the Yield Bank platform. When yB token is staked it produces monetary rewards of yCash token on open-markets which is backed by their liquidity pools which are chosen from their data-driven research.

The yCash token which is also a deflationary token just like the yB token will function as a staking reward token, which means when yB owners stake yB tokens they will receive yCash as a reward. Another important thing to note is that the yB token represents the key to the Yield Bank ecosystem which will enable anyone with it to participate in their platform, and without the yB token the person will not be eligible to participate.

CONCLUSION

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With yield farming, anyone can become a liquidity provider (LP), which makes it possible for the person to add funds to liquidity pools, and in return, the LP earns more cryptocurrency as a reward for providing liquidity pools. One thing about the Yield Bank platform is that the liquidity pools provided are locked forever, this is to ensure that there will be no issue in their token market prices and orders.

Yield Bank is built for all with a simplified platform making it possible for everyone to participate in it. Above all Yield Bank strives to form mass adoption of cryptocurrency by bringing in average users who feel alienated by other DeFi projects and platforms which are in the markets. To maximize your yield rush now to Yield Bank because they use the best yield strategies to ensure that users have the best and safe yield.

For more information about Yield Bank, please visit....

Website: http://yieldbank.finance/

Twitter: https://twitter.com/yieldbank

Telegram: http://t.me/yieldbank

Medium: https://medium.com/@YieldBank/introducing-iyield-yield-bank-af745a661b0

Whitepaper: http://yieldbank.finance/white-paper.html

About The Author :

Author: Picojames

Bitcointalk Username: Jennychuks1

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2801510

Proof Of Authentication Link: https://bitcointalk.org/index.php?topic=5283622.msg55593264#msg55593264

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