Yieldification (YDF)
Last updated 25/11/2022
Official Website: http://yieldification.com/
Introduction to Yieldification (YDF)
A fierce HEX rival Yieldification (YDF) has recently made a debut as an alluring yield-earning platform, enabling 200% APRs with a novel combination of ERC-20 tokens and NFTs.
A DeFi platform Yieldification uses NFTs to offer yields in their own YDF cryptocurrency. Additionally, perpetual futures trading, one-sided staking, and eventually lending and borrowing services will be available on the platform.
The platform has drawn inspiration from important DeFi projects, including Olympus (OHM), HEX, and GMX, to develop a unique yield idea that combines all the best features of earlier protocols into a single package.
In order to support the platform and its long-term strategy of facilitating yields for its users, the protocol is also trying to add more functionality on top of its NFTs. A crucial component of HEX, certificates of deposits (CDs), are used by the platform. In contrast to HEX, Yieldification started experimenting with CDs to let its users receive a set rate of interest on their staked tokens, establish-ing a reliable pathway for NFT holders to earn yields.
Staking NFTs from the platform act as certificates of deposit that may be traded and transferred on NFT exchanges like Opensea and LooksRare. Each NFT's metadata includes comprehensive information about the YDF staked by its holders.
Built on the Ethereum blockchain, the protocol's native token, YDF, can be staked to receive YDF rewards, locked up for a predetermined number of days to earn YDF yield, and will eventually be utilised in Yieldifications' lending and borrowing services.
Roadmap according to Whitepaper
- Q3-Q4 2022 - Index Perpetual Futures Trading
- Q4 2022 - Cross-chain support (Arbitrum)
- Q4 2022 - sYDL & slYDF NFT marketplace
- Q1 2023 - DAO Implementation
- Q1-Q2 2023 - Lending against the principal value of sYDF & slYDF
- Q2-Q3 2023 - OTC trading of ERC20, ERC721, and ERC1155
Where to Store Yieldification (YDF)
A user-friendly option to keep your $YDF secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting their MetaMask wallet.
Where to Buy and Sell Yieldification (YDF)
Unfortunately, YDF coins are yet to be listed on BCBitcoin platform. Please note that as we always expanding our services, we try to add more and more cryptocurrencies for customers to buy and sell. Don’t hesitate to contact us regarding any project which is not listed yet.
Yieldification (YDF) Resources
Website: http://yieldification.com/
Block Explorer: https://etherscan.io/
Twitter: https://twitter.com/yieldification
Whitepaper: https://docs.yieldification.com/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.