YLEND protocol

 


The yLEND protocol is built on top of the Ethereum platform which allows users to lend, borrow $ eth or other tokens and earn an algorithmically set interest rate, besides multiplying their income with an agricultural function which is one of the few on DeFi.

Everything your Ethereum wallet and internet access requires, no KYC or third parties involved. You can lend, borrow, and get the highest interest rates right away.

This is the most promising and very interesting project. Recently this project is attracting more and more attention. This is a high quality and robust project. This project was developed by a great and successful work team. The yLEND protocol project has a bright future. This is a very good project that has created the best plan for their offer. We wish you much success in the future.

yLEND is also a governance token that will allow users to adjust interest rates and make important decisions on protocol development. $ yLEND is the governance token of the yLEND protocol. One of the core features of $ yLEND is the ability to vote for protocol changes and development. The user will be able to decide the distribution level of the $ yLEND token, buy back and distribute or buy back and burn the price. All these features will be programmed into our smart contract, votes will be counted automatically and changes will be made if any.

Our vision is that "You deserve more income". There are many lending protocols available on the market, but the interest rate is based solely on the ratio of lenders to borrowers. Usually, interest rates are very low due to the small amount borrowed. We aim to solve this problem and maximize your income by offering farming functionality.

● Lend your crypto and earn interest + yield

● Borrow crypto, get daily yield based on the guaranteed amount.

● Bet your $ yLEND holdings and earn profit farming the results.

● Maximize your income with APY and yAPY.

YLEND Protocol Offerings

Lending: the yLEND protocol offers a new generation of crypto lending and lending protocols with farming opportunities. Users of the liquidity provided will get standard interest rates and additional income from agriculture.

Governance Token: $ yLEND is a governance token of the yLEND protocol. One of the core features of $ yLEND is the ability to vote for protocol changes and development. The user will be able to decide the distribution level of the $ yLEND token, buy back and distribute or buy back and burn the price.

Borrowing: Borrowing will be available at a guaranteed amount of the liquidity provided. The borrower will also get daily yield based on the pledged amount as yLEND token.

Development Fund: the yLEND development fund is an important part of the project. It aims to keep the project successful. Initially 500 eth (1/3) of pre-sale will be locked in funds. Gradually, users will decide how to use these funds by voting. The main use case is buying the $ yLEND token from the market and burning or distributing it among protocol users.

Vault: $ yLEND holders will be able to stake their $ yLEND holdings and earn profits by locking up their funds. This vault is designed to incentivize the $ yLEND token and maintain sustainable price growth.

YLUSD Add-on: Another interesting add-on to the yLEND protocol is the $ yLUSD elastic supply token to sustain sustainable ecosystem growth. $ yLUSD will follow Ampleforth's elastic supply model and will expand and contract supply in response to market conditions, targeting 1 USD per $ yLUSD.

yLEND will also have a variety of cryptocurrencies available to lend to everyone as follows:

  • ETH
  • USDC
  • DAI
  • USDT
  • ZRX
  • BAT
  • REPUTATION

TOKEN INFORMATION:

Token name: yLEND

Total Supply: 75,000

Pre-sale amount: 30,000

Pre-sale price: 1 ETH / 20 yLEND

Soft lid: 900 ETH

Hard cap: 1,500 ETH

Initial Registration Price: 1 ETH / 8 yLEND

Team: 4,000

Marketing: 4,000

Roadmap

Q3 2020: yLEND protocol development.

Q4 2020: Public Pre-Sale.

Q4 2020: Register Uniswap Immediately After Pre-Sale.

Q4 2020: Preparing for Beta Release.

Q4 2020: Audit Completion.

Q4 2020: Beta Release.

K1 2021: Launch Full Community Governance.

K1 2021: Vault release.

K1 2021: Preparing to launch yLUSD.

Conclusion

In fact this is a very strong and popular project from a successful company. This is one of the most sustainable projects on the market today. Customers participate in this project with more interest. Hopefully those of us who are working on this project can benefit greatly from here. The company will present itself as a much bigger company in the future, I feel very happy and fortunate to be working with this project, so don't miss this project.

For more information please visit the link below:

Website: www.ylend.io/

Twitter: twitter.com/ylendprotocol

Telegram Channel: https://t.me/ylendio

Telegram groups: https://t.me/ylendgroup

Media: https://ylendprotocol.medium.com

Author: Homio

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2865336

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