Blockchain has brought many changes in the global financial industry. For example, a well-known blockchain product is bitcoin, no one thought that this digital coin would be very popular and the price had skyrocketed far from its initial price. With the development of technology over time, more and more developers are starting to develop a blockchain that is better applied to financial cases.
DeFi is a revolutionary of blockchain technology, which is better and more complex to apply to financial cases. We already know that Yearn Finance and Uniswap are one of the many popular DeFi products on the market today. These platforms allow people to Farm, swap, lending, Borrowing etc., which can increase people's profits in the crypto market with a more secure protocol.
This situation looks very deplorable, as clients receive minimal profits and a limitation in borrowed funds! The team seeks to solve this problem by leveraging the functions of the farm, maximizing revenue and the amount of borrowed funds.
All is needed your Ethereum wallet and internet access, no KYC or third party is involved. You can lend, borrow and earn the highest interest rates right away.
The yLEND protocol is built on the Ethereum platform, which will allow users to lend, borrow $ eth or other tokens and earn algorithmically set interest rates, as well as double their earnings with a mining feature that is one of the few in DeFi.All you need is your Ethereum wallet and internet access, without KYC or third parties involved. You can lend, borrow and immediately receive the highest interest rates.
This is a very promising and very interesting project. Recently, he has attracted more and more attention. This is a high quality and strong project. This project was developed by a large and successful work team. The yLEND protocol project has a great future.
What is yLEND protocol?
As far as we know, there are many lending protocols available in the market. however, their interest rates are based only on the ratio of lenders to borrowers. So, at YLEND, they aim to solve this problem and maximize your income by offering farming functions.
● Lend your cryptocurrency and get interest rates + income.
● Borrow cryptocurrency and earn daily income based on the amount secured.
● Put your debts in $ yLEND and make a profit by growing your crops.
● Increase your earnings with APY and yAPY.
APY + yAPY
Lenders will earn two types of APY = APY and yAPY
Standard APY will be algorithmically calculated based on supply and demand. yAPY stands for the earnings from farming as yield earnings in yLEND tokens. This will allow lenders to earn high interest rates even if there is a low demand for borrowing which is missing in many lending protocols.
Borrowers will also earn yAPY on the amount they borrow. This sounds interesting, right? You earn money even when you borrow thanks to yLEND ecosystem.
How yLEND protocol works?
● 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.
● Governance token
$yLEND is a governance token of yLEND protocol. One the core features of $yLEND is the ability to vote for the changes and development of the protocol. User will be able to decide distribution rate of $yLEND tokens, buy back and distribute or buy back and burn rates.
● 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.
● 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.
● 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 add on
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.
yLEND Convention Token Dispersion?
yLEND Convention — Absolute Gracefully: 75,000 — Hard cap: 1,500 ETH — Delicate cap: 900 ETH — Pre-Sale Value: 1 ETH/20 YLEND — Target Uniswap Posting Value: 1 ETH/8 yLEND — Pre-Sale Date: SOON — KYC: NO — Marketing: 5% — Group: 5% —, etc
How big is DeFi?
How to join the PRE-SALE?
ROADMAP
Links to the
Web-Site project : https://www.ylend.io/
Twitter: https://twitter.com/ylendprotocol
Telegram: https://t.me/ylendio
Medium: https://ylendprotocol.medium.com /
LitePaper: https://ylendprotocol.medium.com/ylend-lightpaper-116ae46b67ae
By
Bitcointalk username: syedrasool2020
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2278993
Proof of Authentication: https://bitcointalk.org/index.php?topic=5287133.msg55550430#msg55550430
ETH WALLET: 0x9E2A20D6298438532e4830cd33350541dc057A7E