Hello everyone, how are you? If you are interested in joining the project, yLEND you should read information that will help you find information that can help you see your vision and mission.
Introduction of the yLEND
Protocol : 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.
Lenders will receive two types of APY = APY and yAPY.
Standard APY will be calculated algorithmically based on supply and demand. yAPY stands for mining income as income in yLEND tokens. This will allow lenders to receive high interest rates even with low borrowing demand, which is lacking in many lending protocols.
Borrowers will also earn APY on the amount they borrow. Sounds interesting, right? Thanks to the yLEND ecosystem, you make money even when you borrow money.
How does the yLEND protocol work?
● Lending
The yLEND protocol offers a new generation of crypto-lending and borrowing protocol with farming capabilities. For the provided liquidity, users will receive standard interest rates and additionally receive income from agriculture.
● The
$ yLEND control token is the yLEND protocol control token. One of the main features of $ yLEND is the ability to vote on protocol changes and developments. The user will be able to determine the rate of distribution of $ yLEND tokens, redeem and distribute or redeem and burn rates.
● Borrowing The
loan will be available for the secured amount from the provided liquidity. Borrowers will also receive daily income based on the amount secured in the form of yLEND tokens.
● Development
Fund The yLEND Development Fund is one of the important components of the project. It aims to maintain the success of the project. Initially, eth 500 (1/3) from the pre-sale will be locked in the fund. Gradually, users will decide how to use these tools by voting. The main use case would be to buy $ yLEND tokens on the market and burn them or distribute them to protocol users.
● Safe Box
Holders of $ yLEND will be able to deposit their assets in $ yLEND and make a profit by blocking their funds. The vault is designed to stimulate the sale of $ yLEND tokens and maintain a steady rise in prices.
● Elastic Token
Another interesting addition to the yLEND protocol will be the elastic supply token $ yLUSD to support sustainable ecosystem growth. $ yLUSD will follow Ampleforth's elastic supply models and it will expand and contract supply in accordance with market conditions to reach $ 1 per $ yLUSD.
yLEND will also have different cryptocurrencies available for lending and borrowing.
ETH
USDC
DAI
USDT
ZRX
BAT
REP
TOKEN INFORMATION:
• Token Name: yLEND
• Total Supply: 75,000
• Pre-sale amount: 30,000
• Pre-sale price: 1 ETH / 20 yLEND
• Soft cap: 900 ETH
• Hard cap: 1,500 ETH
• Initial Listing Price: 1 ETH / 8 yLEND
• Team: 4,000
• Marketing: 4,000
Conclusion
So, in my opinion, YLend Protocol really has a lot of opportunities, and the upcoming developments are too good at best and a hardworking team. And they will definitely do better in the future, so stick to the YLend protocol. We need to support such a stunning project.
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
ETH
USDC
DAI
USDT
ZRX
BAT
REP
TOKEN INFORMATION:
• Token Name: yLEND
• Total Supply: 75,000
• Pre-sale amount: 30,000
• Pre-sale price: 1 ETH / 20 yLEND
• Soft cap: 900 ETH
• Hard cap: 1,500 ETH
• Initial Listing Price: 1 ETH / 8 yLEND
• Team: 4,000
• Marketing: 4,000
Conclusion
So, in my opinion, YLend Protocol really has a lot of opportunities, and the upcoming developments are too good at best and a hardworking team. And they will definitely do better in the future, so stick to the YLend protocol. We need to support such a stunning project.
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
Author: harum93
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