Yieldbank Finance; a noteworthy DeFi solution

Ever since the beginning of the year 2020, we have observed the gradual growth of blockchain technology and most especially the Decentralized Finance. The DeFi network growth has been so aggressive this year especially with the coming of the yield farming protocol around June this year, and this has made DeFi one of the most engaging conversations in the blockchain world. DeFi allowed users to be able to make use traditional l banking and financial services such as borrowing, lending, saving and trading on the blockchain technology. What's even more interesting is that users can now earn a lot of profits by offering liquidity through yield farming protocols.

Over the previous months, we have witnessed a contrast between different numerous DeFi protocols and what might be a padigram for the survival for the DeFi ecosystem. The Yield Bank Finance is a unique protocol that enables its users to provide liquidity, earn yCASH as yield while maintaining the price of the token. Unlike other DeFi platforms, it has a very user-friendly interface that offers a variety of DeFi services such as staking, trading Liquidity Pools,funds lock-up in vaults, retirement savings in 401K accounts, and the provision of a detailed statement showing the user's transactions.

How does YieldBank Finance work?

With the use of the platform's native token, the yB token, when staked, it produces rewards in the form of the yCASH token which is backed by its liquidity pool. The yB and the yCASH are both deflationary tokens that ensure the full functionality of the Yield Bank Finance ecosystem.
The yB token is an internal function token with a more economical model surrounding it, while yCASH is a reward token given to participants within the yield farming ecosystem. Holders of the yB tokens are assigned a unique account number that gives users full access to the platform.

Unique Features that set YieldBank Finance apart from other similar platforms

• User friendly Interface - it offers a very user-friendly and simple interface that can be used by any user, and it's very rich and offers a very great user experience.

• yGasaver - one of the major issues facing DeFi transactions is the high cost of gas during the process of execution. The platform has brought this unique feature that enables its users to be able to have access to its pools whilst executing all the transactions within one click, thus saving 'gas' fees.

• Auto-Compounding - this feature saves users a lot of stress when claiming and reinvesting their rewards with the use of an automated function that takes the Yield, swaps, converts and adds liquidity to the user's existing staked pool.

• Vaults and The 401K Vault - The Vault ensures that a user's funds are usually secured and are assigned to the optimal performing assets in real time. This is made possible with its state of the art trading bot, that shifts funds to the next performing asset when the current asset begins to fail.
  The 401K Vault is essential for a long time return and will be a steady income provider for people in the future.

• Unique Account Number and Statement - the system assigns its holders of the yB tokens a unique account number that is pegged to the user, and this gives them the full functionality of the platform similar to the traditional bank account. Users will have access to their statements that shows balances, gains and profit made, amount of gas used, transaction fees, asset allocation and many more.

• The People's Fund - this is a system that offers a unique form of rewarding system to its holders and stakers. A very little tax is imposed on every transaction on the platform and its gradually being distributed to the ecosystem. This will encourage its users to hold the tokens, whilst earning passive income.

• DeFi Futures Trading - holders of the yB tokens will have access to trading futures contracts after the provision of collaterals and will receive profits in turn. It's relatively riskless and profits are ensured.

The YieldBank Finance Tokens

The platform makes use of two different types of ERC-20 deflationary tokens and they are;

• yB Token which has a total supply of 75,000 yB and its generally used for staking, and holders of this tokens are given a unique account number and are eligible for futures trading.
• yCASH token which has a total supply of 75 million yCASH and its the reward tokens for liquidity providers and the ecosystem participants. This token is backed my the locked liquidity.

Below is the yB and yCASH tokenomics

yB Token supply breakdown	yCASH Token supply breakdown
Total supply: 75,000 yB	Total supply: 75,000,000 yCASH
[68 %] Rewards — 51,000 yB	[68 %] Rewards — 51,000,000 yCASH
[8 %] Liquidity Episode — 6,000 yB	[10 %] Liquidity Episode — 7,500,000 yCASH
[6 %] Reserved / CEX Listing Supply Escrowed — 4,500 yB	[9 %] Development — 6,750,000 yCASH
[5 %] iYield Team — 3,750 yB	[5 %] Circulation / UNI Liquidity — 3,750,000 yCASH
[5 %] Circulation / UNI Liquidity Pool — 3,750 yB	[5 %] iYield Team — 3,750,000 yCASH
[5 %] Development — 3,750 yB	[3 %] Marketing & Partnerships — 2,250,000 yCASH
[3 %] Marketing & Partnerships — 2,250 yB

Latest News

YieldBank Finance has partnered with Winjit Inc. which is an AI technology platform company with proven expertise in blockchain technology. More information about this partnership can be found in this LINK

The YieldBank Finance at first will seem like the usual DeFi solutions out there but an indept look shows that it's a very unique platform and offers solutions that cannot be matched by other competitors in the space. One of its most captivating features is the unique account number and the statement, which ensures a great deal of security and transparency.