Introduction
This is most promising and very interesting project. Recently this project attracts more attention. This is high quality and strong project.This project developed by a great and successful working teams. yLEND protocol project has great future. This is a very good project that has been made with the best plan for their offer. Hope it will become more successful in the future.
What is yLEND protocol?
Our vision is that “You deserve more earnings”. There are many lending protocols available on the market, however their interest rates are only based on the ratio of lenders and borrowers. Usually, the interest rates are very low because of low number of borrowed amount. We aim to solve this issue and maximize your earnings by offering farming functionality.
yLEND protocol is built on Ethereum blockchain that will allow users to lend, borrow Ether or other tokens and earn algorithmically set interest rates, additionally double their earnings with farming functionality which is one of a few in DeFi.
All is needed your Ethereum wallet and internet access, no KYC or third party is involved. You can borrow and earn highest interest rates right away.
Vault
$yLEND holders will be able to stake their $yLEND holdings and earn profit by locking their funds. The vault is designed to incentivize hodling the $yLEND tokens and maintain the sustainable price growth.
yLUSD
Another exciting add on of yLEND protocol will be elastic supply token $yLUSD to maintain sustainable growth of the ecosystem. $yLUSD will follow the Ampleforth elastic supply models and it will expand and contract supply in response to market conditions, to target 1 USD per $yLUSD.
How yLEND protocol works
Development Fund
yLEND development fund is one of the important part of the project. It is aimed to maintain the success of the project. Initially 500 eth (1/3) from pre-sale will be locked in the fund. Gradually, users will decide how to use these funds by voting. The main use case will be buying $yLEND tokens from the market and burning or distributing among the protocol users.
Lending
yLEND protocol offers a new generation of crypto lending and borrowing protocol with farming opportunities. For provided liquidity users will earn standard interested rates and additionally yield earning from farming.
Borrowing
Borrowing will be available on the collateralized amount from provided liquidity. Borrowers will also earn daily yield earnings based on the collateralized amount as yLEND tokens.
Token Distribution
Name:y
yLEND
Total Supply:
75,000
Hard cap
1,500 ETH
Soft cap
900 ETH
Pre-Sale Price
1 ETH/ 20 YLEND
For more information about this project you can see it below:
● Web-site: www.ylend.io/
● Twitter: twitter.com/ylendprotocol
● Telegram channel: https://t.me/ylendio
● Telegram group: https://t.me/ylendgroup
● Medium: https://ylendprotocol.medium.com/
AUTHOR
Bitcointalk Username: Harrison chinoye
Telegram Username: @harrisonchinoye
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2850040
Wallet address: 0x6249B828b29864ee9CcF74ab27E2b27401B0f8eb