Since the beginning of this year, the world’s major cryptocurrencies have risen close to 70%, while gold’s rise is only 20%. The strong rise has not only outperformed gold, but also surpassed the global stock market, bond market and commodity markets. If you look at the rate of return on investment alone, cryptocurrency can be said to be one of the best performing investment assets this year. The best-performing cryptocurrency may be Ethereum, which has risen by 169.4% this year, and Bitcoin is 49.48%.
The main reason for the rise of cryptocurrencies is (DeFi), the so-called decentralized finance. Since Compound issued the governance token COMP in June this year, and started the wave of liquid mining (Yield Farming), decentralized finance (DeFi) has grown at an alarming rate.
Liquidity mining has become the hottest topic in the cryptocurrency field. Currently, the liquidity mining mechanism is mostly concentrated in lending agreements and automatic market makers (AMM). It is intended that users only need to mortgage the cryptocurrency in the smart contract of the project. Collect platform fee sharing, governance token rewards, etc., such as Aave (LEND), Balancer protocol (BAL), Curve, etc.
DeFi is the abbreviation of Decentralized Finance. It allows anyone in the world to conduct financial activities anytime and anywhere by building a decentralized protocol for an open financial system. YFI is the creation of Defi, YFII iterative mining area, YFBB hard fork cross-chain aggregation of the entire financial Defi ecosystem!
It is YFBB’s vision to make finance more free, to make finance more inclusive, to make investment more convenient, to make assets more liquid, and to let every user participating in YFBB have the most satisfactory investment return platform! Realize multi-currency pledge and lending, with leading technology and unique concepts, from the user’s point of view, to create tangible products, create higher returns for users, maximize the value of encrypted digital currency, and define digital finance future.
As a new generation of distributed liquid mining network, YFBB aims to build an aggregated liquidity mining pool, leveraged trading, and automatic market making platform, and build a centralized decentralized wallet based on distributed ledger and blockchain technology A cross-chain financial service ecosystem that integrates DeFi technology facilities such as, lending, transactions, predictions, and asset management.
The platform aggregation supports USDT, ETH, COMP, MKR, LEND and other ecological currency pledges and lending. When users deposit, the platform will automatically allocate funds to the current agreement with the highest yield. YFBB will give users a proof of equity called yToken , Users can withdraw their original deposited tokens and corresponding income through yToken.
The total number of YFBB is 21 million, of which 3 million are in circulation in the early stage, of which 2.1 million are generated by public offerings, and the remaining 900,000 are used for future construction of the YFBB community, airdrop awards, and follow-up activities of the exchange. The remaining 18 million pieces are used for liquid mining, and the corresponding proportion of YFBB is allocated according to the allocation of Defi users to provide liquidity for each pool. The first three years of liquidity mining are 50% and 9 million pieces, and the second three years of liquidity mining 30% 5.4 million pieces, 20% of the circulation mining in the next three years, 3.6 million pieces.
YFBB integrates security, cross-chain, DeFi high-performance and high-scalability smart contracts, and decentralized credit. Token is produced through mining. Its unique Token model is also drastically deflationary. At the same time, YFBB also realizes the recovery and destruction of Tokens to achieve deflation and ultimately a win-win situation for the three parties. This is the unique business model of DeFi finance compared to centralized finance, which is impossible to achieve in a centralized world.
With the progress of YFBB’s mining development and the development of the actual mortgage business, mining and mining pool businesses are emerging. Currently, mortgage mining is launched. The mining pools participating in mortgage mining will have more advantages of mining machine mining in the future, such as more users, larger funds, and cheaper mining machine costs. YFBB will continue to increase the liquidity mining pool of other tokens in the ecosystem, and through the YFBB community, connect the entire decentralized financial ecosystem from lending, pledge, wealth management to transaction, liquidity, and the entire ecological industry chain of stable coins.
YFBB will land on the UniSwap decentralized exchange on October 22, and will successively list Huobi, Binance, okex, Matcha, Biying and other exchanges, and will open the mortgage liquidity mining function in the future. YFBB’s world’s top communities are working together to make continuous announcements with hundreds of high-quality media such as Telegram communities at home and abroad, Golden Finance, Mars Finance, and Coin World! Create the strongest thousand-fold DeFi currency in 2020!
The launch of YFBB will create a decentralized financial ecosystem for common development, giving strong impetus to the Defi industry, actively embracing the open ecosystem, and providing more financial open solutions for the crypto industry, making YFBB more inclusive and financial better , Realizing the vision that hundreds of millions of people around the world will truly benefit from the development of YFBB, YFBB will work with users to promote the DeFi decentralized financial sector, and embark on the most powerful chapter on the road to financial freedom!
