YIELD BANK- INTRODUCING THE BEST DEFI YIELD AGGREGATING PLATFORM
Decentralized Finance is reshaping the financial industry through blockchain technology. DeFi offers lots of services that can never be seen in Centralized Finance. Apart from bringing a decentralized and transparent system of finance to the world, it also allows people to carry out transactions in a trustless and secure way without the need of seeking permission from anyone.
DeFi offers instant payment, thereby allowing users to send and receive payment instantly without any delay, and transaction fees are very low when compared to the excessive fees charged in Centralized Finance, yet most times transactions are delayed which is very annoying and discouraging.
DeFi is specially designed for both the banked and unbanked populations because it gives people the financial freedom which they have been seeking for. One DeFi concept that is currently booming and revolutionizing the crypto community is yield farming. And one platform that offers this concept better is the Yield Bank platform.
YIELD BANK- A DECENTRALIZED PLATFORM THAT OFFERS FUTURES CONTRACTS TRADING
Yield Bank is a unique platform designed to help cryptocurrency users to maximize their yield. It is one of the leading DeFi yield aggregators in the crypto space. Yield Bank is built on blockchain technology and it aims to address the current issues DeFi yield aggregating platforms are facing.
Since Yield Bank is decentralized, it is not controlled by any central authority rather it utilizes smart contracts to ensure that users' funds are safe, thereby eliminating the need for any intermediary. With Yield Bank, trading perpetual futures contracts is very possible, this is true because Yield Bank allows anyone who owns their native token known as yB token to trade futures contracts.
These futures contracts will be centered around the Decentralized Finance model of Uniswap. Yield Bank is viable, reliable, and strives for a sustainable and safe APR (Annual Percentage Rate). To crown it all, it offers a high Return On Investment. Yield Bank platform is focused on providing a high level of security to its users by making sure that their smart contracts become impossible to breach, and their level of professionalism in coding has put them at the forefront of DeFi.
YIELD BANK- HELPING CRYPTOCURRENCY USERS TO MAXIMIZE THEIR YIELD
Yield farming which is known as liquidity mining can be described as a way by which crypto users lockup their cryptocurrencies and earn rewards in the process. It has become the best way to generate rewards with cryptocurrency holdings. In a nutshell, yield farming allows farmers (liquidity miners) to earn crypto by lending to others through smart contracts.
In most cases, yield farming works with users who add funds to liquidity pools. These users are called liquidity providers (LPs). Liquidity pool in a simple term is a smart contract containing funds, when liquidity providers provide liquidity pools, in return, they get rewards which may come from generated fees by the underlying Decentralized Finance platform and may still come from other sources.
Yield farming is not as simple as it may sound especially to those who are new in the cryptocurrency space. Yield Bank understanding the complications in yield farming is determined to make it easier, better, and more profitable for everyone by providing a clean and professional easy to understand UI/UX. Yield Bank platform enables liquidity providers which are called collateral providers in some cases to provide collateral for traders to carry out their futures trades.
These collateral providers are Rewarded with fees that come from every future’s contracts. Another interesting thing is that Yield Bank ensures that collateral providers are not exposed to any of the high-derivative tradings. Furthermore on this powerful platform risks of impermanent loss will be minimized to the collateral providers because their assets required will be pegged to stablecoins.
WHAT IS YIELD BANK PLATFORM MISSION?
Yield Bank has come to ensure that yB token holders will be able to trade futures contracts. And to allow crypto users to place a perpetual futures contract on the price movements of stable and powerful crypto assets like BTC, ETH, etc. Yield Bank aims to bring about the mass adoption of cryptocurrency through their amazing and transparent services. Additionally, this platform wants to enable cryptocurrency users to maximize their yield.
YIELD BANK ATTRACTIVE FEATURES
yGasSaver: This combines multiple-transactions steps into a simple one-click option which will enable users to save huge gas fees.
Simplified Platform: Yield Bank’s simplified platform makes it easier for everyone to participate.
Off-Chain Trading: This is an amazing feature that will allow users to autonomously trade-off the Ethereum chain in a fully automated process and still return on-chain to deliver the yields to users. This feature will make use of AI and trading bots.
AI Vault Strategies: Yield Bank makes use of Artificial Intelligence vault strategies. Since their team is experts in terms of Artificial Intelligence (AI) technology they have been able to integrate true AI trading strategies on their platform which will provide consistent results with steady returns.
Full Statement Of Assets Allocation: By account registration on the Yield Bank platform, users will be able to track every action on the platform. Users can easily view their allocations, fees, rewards, and their profit yield in a simple and easy to statement that is similar to the statement of account issued in modern traditional banks.
Create Your Wallet: On the Yield Bank platform, there is no need to panic because of wallets. Users can use their existing wallets or create their wallets, it’s a matter of choice which will make Yield Bank appear very approachable and accessible to everyone including an average crypto user.
THE YIELD BANK TOKEN
The Yield Bank native token is called the yB token. It is a token with unique deflationary mechanics. The yB token will be used for staking on the platform. While yCash which is the associated token of yB will be used as a rewarding token. When users stake yB tokens they will be rewarded with the yCash token.
yB and yCash tokens are the two most economically efficient tokens to hit the market. The algorithm and metrics placed on Yield Bank tokens will surely make a great impact on market prices to ensure that token holders and stakers will be duly compensated even in selling conditions.
CONCLUSION
Yield Bank has everything in store for its users. It is the best ecosystem built for all. Yield Bank ecosystem is a regarding ecosystem created to reward its users forever. Unlike other DeFi platforms, Yield Bank is designed to last for a long time and their rewards will last the lifetime of their contract, meaning that so long as their contract is being interacted with the reward will continue.
The truth is that Yield Bank has already set out to build an ecosystem that will not only yield the highest yield but will also give the safest yields an individual user can achieve. It is high time the world embraces Yield Bank to make the financial industry better.
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WRITER’S INFORMATION
Writer: Mansonndubuisi
Bitcointalk Username: Mandez4real
Proof Of Authentication Post Link: https://bitcointalk.org/index.php?topic=5283622.msg55591079#msg55591079
