🚀🚀💰💰⚙️ YieldBank = A Revolutionary DeFi Ecosystem that offers Bank Grade DeFi Products 💰💰⚙️🚀🚀

ico-cryptones (28)in #yieldbank • 3 years ago (edited)

Introduction

Decentralized or widely referred to as DeFi is an observational form of distributed money operating on digital currency blockchains, mainly Ethereum. DeFi is advanced as providing high lending rates, with certain suppliers providing triple-digit funding prices, but it depends on elevated risk. Instead of trading at an embedded digital money transfer, transactions between participants are legally performed by smart contract systems.
Despite all this exponential development, there are differing degrees of problems in a fragmented process market, each staying together, becoming one huge avalanche. Not only is this significant, but it needs to be broken down. If not, all technology would shut down until it achieves its full speed. And as you already know, any new initiative is attempting to address any or all of the current problems. And the initiative I'm writing about right now is YIELDBANK ( http://yieldbank.finance/ ).

#defi #yieldbank #yb

WHAT IS YIELDBANK ?

This is a unique ecosystem that is filled with various tools and applications aimed at helping users maximize profits. It is designed to provide the highest and safest yields which an individual could possibly achieve.

Yield bank intends to integrate an array of DeFi features and solutions that can substantially increase users profits as well as make provision for users within the substrate to enjoy the best possible DeFi experience.

The purpose of developing the Yield Bank ecosystem is to create a platform where individuals, investors and merchants within the cryptocurrency industry can passively generate more profits only by deploying their funds to the right nooks of yield bank substrate. Imagine employing your funds to work for you while you sit back and watch, amazing!

How exactly does the yieldbank substrate intend to achieve this?

HOW YIELD BANK BETTERS THE DEFI INDUSTRY

Well let's introduce a few features that make these claims possible on the platform.

STAKING

This is an approach towards contributing to the development of a crypto ecosystem by actively partaking in transaction validation on a proof of stake blockchain. Here yieldbank proffers an opportunity for users to earn rewards by staking their tokens over a period of time. The staking rewards varies depending on the level of contribution of stakers.

SIMPLE USER INTERFACE

Unlike most platforms, the yield bank structure possess a very user friendly and simplified interface such that new participants can conveniently navigate the platform without getting lost or confused.

YGASSAVER

This is an interesting component of the Yield bank network, unlike other platforms where there is a fee charged for every single transaction, the gassaver/auto compounding feature enables users to save on gas fee by merging a good number of transaction step into a one click option.

ACCOUNT PROPRIETY

For the good of users within the platform, every ETH address is assigned a unique account number as long as it is holding a good number of YB tokens. This account number contains vital information which the user would need to function effectively.

The yield bank also has the arbitrage feature,vaults, people's fund and so much more to give users a better DeFi experience.

YIELDBANK TOKEN STRUCTURE

The Yield bank platform operates with three types of tokens to help keep the ecosystem organized and functional. The Lp token is a deflationary token utilized to stabilize market price as well as provide passive income for infinite locked liquidity providers.

The subsequent token is the YB token which serves as a tool for staking and in turn reward stakers in the form of ycash. This is the key token of the yield bank ecosystem as it determines whether a user is eligible to participate or not in staking.

Then we have the ycash,which is used to reward users who staked the YB tokens, as staking rewards on the system.

yB Token supply breakdown

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

yCASH Token supply breakdown

Total supply: 75,000,000 yCASH
[68 %] Rewards — 51,000,000 yCASH
[10 %] Liquidity Episode — 7,500,000 yCASH
[9 %] Development — 6,750,000 yCASH
[5 %] Circulation / UNI Liquidity — 3,750,000 yCASH
[5 %] iYield Team — 3,750,000 yCASH
[3 %] Marketing & Partnerships — 2,250,000 yCASH

CONCLUSION

Yield bank is a revolutionary tool within the cryptocurrency industry. It proffers users an opportunity to not only generate income through active participation but also learning new ways of deploying their funds and passively making more profits without hassles.

Regardless of how technical or not a user is, the yield bank presents an easy to use interface and an array of DeFi products that helps users to maximise their gain and increase profitability within the crypto industry.