YFI2C: We will hear about it.
YFI2C extends the use of the elementary value transfer blockchain to other complex financial use cases. According to Alex Pack (Dragonfly Capital), “This opportunity only presents itself once every 50 years!” Together Let’s see, why the time has come to invest in YFI2C.
“If a window of opportunity appears, don’t pull down the shade.” — Tom Peters
Launched in 2009 by Satoshi Nakamoto, Bitcoin became the first blockchain-based cryptocurrency and it’s still the most successful one. While Ethereum and Bitcoin remain the primary DeFi applications, they are both run by a huge network of computers rather than any central authority. These are used as a store-of-value investment such as gold, by many investors as it protects against inflation. Ethereum has also been supporting startups to crowdfund their operations.A partner at Bain Capital Ventures, Salil Deshpande, who is responsible for leading the company’s crypto investments thinks that the reason why people first became interested in DeFi is that “they have a libertarian streak”. People get the freedom to create censorship-resistant products on DeFi platforms such as YFI2C which for some developers can be a fascinating capability when it comes to experimenting with the technology.
“Incredible change happens in your life when you decide to take control of what you do have power over instead of craving control over what you don’t.” ―Steve Maraboli
The most thunderous effects of DeFi applications such as YFI2C will be seen over the long term as this system has the power to make our financial systems less fragile and more transparent and resilient. DeFi allows various entities to maintain a copy of transaction history, making it accessible to several members instead of allowing control to a single or central source. This development is crucial because, in centralised systems, human gatekeepers have the power to limit the sophistication and speed of transactions while providing users with less control over their own money.
DeFi — Regaining Control Over Your Finances
The market of decentralized finance has proven its use case by producing staggering growth over the last few months. These services have the potential to soon become the next crucial application for blockchain users looking into decentralization of traditional banking functions such as saving, borrowing and lending.
YFI2C has numerous benefits which make it an interesting DeFi protocol. Let’s look into some of those:
Our protocol allows impatient users to bet on YFI2C to obtain a return on investment (ROI) of 0.2% per day or 1.40% per week, or 6% per month or even 73% per year on the total amount of their stake. Another even more favorable option : Our protocol also allows more patient users to bet on YFI2C to obtain a better return on investment (ROI) of 1% per day or 7% per week, or 30% per month or even, 365% per year on the total amount of their stake.
Finally, the ultimate option, true holders can bet on YFI2C to obtain the TOP return on investment (ROI) of 2% per day or 14% per week, or 60% per month or even, 730% per year on the total amount of their stake.
There is no other high yielding farm pool that delivers a higher yield ! In addition, these rewards are initial and generally decrease over time. This happens due to an increase in token circulation due to the strike (resulting in degradation of existing tokens).
Considering this, many of these platforms are usually only making 40–45% per year (net). By using YFI2C, users will have access to a fixed rate of return on their participation in the YFI2C token. These guaranteed returns are supported and provided against the YFI2C tokenomics. At most, there can be 5000 YFI2C tokens as there is no provision in the contract that allows more tokens to be struck.
Please note that 1,450 tokens out of a total of 5,000 will be stored in 3 different contracts, which include staking rewards namely: 950 tokens in the Staking Pool which offers a gain of 0.2% / day, 250 tokens in the Staking Pool which offers a gain of 1% / day, and 250 tokens in the Staking Pool which offers a gain of 2% / day.(this amount is calculated to cover the operational cost of the first year).
These funds are intended to be returned over time from the costs generated by the platform. When new features are added, charges are generated. This is what makes the rewards lasting over a period of time.
YFI2C is a simple and elegant protocol that only requires 72 hours (3 days) locking for a yield of 0,2% per day, or 240 hours (10 days) for a yield of 1% per day, or another 720 hours (30 days) for a yield of 2% per day and which begins at the time of staking. The user is allowed to withdraw tokens at any time after the locking period (with interest). While interest can be withdrawn at no additional cost, tokens are staked in the platform so users are encouraged to continue wagering their tokens.
Staked tokens are also intended to reduce the accessible supply of circulating tokens. This, in turn, drives up the price of the token in terms of both supply and demand metrics. Let’s see how the staking mechanism works:
Stake entry fee: 1.5% (used for YFI2C buyback and burn)
Un-stake fee: 0.5% (used for YFI2C buyback and burn)
Minimum stake lock: 72 hours
The structure of YFI2C protocol enables various staking options and pools to be offered over a long duration. The user experience is intuitive and pleasant as there’s a straightforward user interface (presented with detailed instructions).
YFI2C veridical protocol
As one of the few trusted DeFi protocols, YFI2C deposits tokens in 100% audited and time-locked smart contracts. This enables the elimination of all possible exploitation of the tokens.
Inbuilt governance structure
YFI2C platform encourages a thriving community and prosperous ecosystem for all its users. In order to achieve its goals, a distinctive on-chain voting mechanism will be introduced into the platform to enable flexible voting parameters. This model is novel and permits for cost-free voting.
The main priority of YFI2C protocol is project security. We will be getting a few audits done in the coming weeks.
Secure rewards by farming
Farming is a method to produce rewards with cryptocurrency holdings. This is one of the paramount attributes which is responsible for accelerating the roar of the DeFi ecosystem. Farming via YFI2C enables the users to secure rewards by supplying liquidity to various pools which are soon to be released.
Lend to avail benefits
YFI2C supports the community of borrowers and depositors. While depositors generate a passive income by offering liquidity, the borrowers access collateralized loans. The first step is to simply deposit the desired amount or asset, and start earning some passive income depending on the requirements of the borrowing market.
Another advantage of this transaction is that the deposited assets also double down in collateral size while borrowing. Furthermore, the interest that is generated via the deposited amount will help nullify the assembled interest from borrowing. Funds which are circulating via the lending protocol are secured by completely audited smart contracts to ensure 100% security.
Lending using the YFI2C platform presents with an abundance of benefits. Users receive favourable access to loans, fixed interest rates and partial liquidations (in case there’s a disruption).
Token buyback and burn
The staking fee of 1.5% and the un-staking fee of 0.5% are used to buyback and burn YFI2C tokens.
Minimum market cap
DeFi is one of the key features in establishing a decentralized future. It is important for any DeFi follower to find legitimate projects in order to maximise their profit potential at an early stage. Considering the level of security and proficiency of easy accessibility, YFI2C is set to become one of the most useful platform in the DeFi space.
Very weaktoken supply
YFI2C will become one of the most commercial coins to invest in and hold. Initially, there’sa circulating supply of only 3,550 tokens( 1,000 tokens will be added with 50 Ethereum as Initial Uniswap Liquidity) . This amount varies depending on the number of deposited or removed tokens in regards to the staking contract. The supply of tokens continues to reduce with time as YFI2C fosters a deflationary design.
Total tokens supply: 5,000
Supply in circulation: 3,550
Uniswap Liquidity: 1,000
Farming Rewards 3 Pools(950+250+250): 1450
Marketing budget: 600
Team : 600
Pre-sale : 1350
“Explore, Experience, Then Push Beyond.” ―Aaron Lauritsen
Regardless of whether the user is new to the DeFi ecosystem or a professional member, there are plenty of opportunities for everyone to be benefitted from. YFI2C takes several deflationary measures and allows for a low token supply. It presents its users with tremendous staking rewards and it’s on the path to becoming a dominant project in the industry. Security is of the highest priority to the YFI2C model. The users benefits from features including lending, staking, borrowing, farming and lots more. Investing in the YFI2C ecosystem is one of the best decision that you can make in 2021.
Useful links to note :
Web site : https://yfi2.club
Twitter : https://twitter.com/Yfi2C
Discord : https://discord.gg/mz9uYCHsvb
Official telegram group: https://t.me/Yfi2Cclub
Telegram chain: https://t.me/Presentation_of_YFI2C
Etherscan address YFI2C : https://etherscan.io/token/0xdb665ab1D56B6821Aea7ca8F3BB2F7d805d4B1E1