Hi everyone ... I am here to tell you all by writing a review to introduce a very unique new project called yLEND Protocol, so for that, consider the article I created below to give you an overview of this project and how it works. it provides a very good and attractive offer for everyone. Immediately, we continue to the discussion below.
Opening at the YLEND PROTOCOL project
YLEND Protocol Here We Know About the yLend Protocol This is a Lending-Borrowing System, Farming Is it fun to live in a world where everyone has equal access to finance or even access to finance in the first place. The yLend protocol was created in Contract on the Ethereum blockchain to lend Ether using tokens as collateral. It allows users to lend, borrow $ eth or other tokens and get an algorithmically set interest rate, besides multiplying their income with an agricultural function which is one of the few on DeFi.
Here you need an Ethereum wallet and internet access, and here No KYC or third parties are involved. So you can lend, borrow and get the highest interest rates.
What is the yLEND protocol?
As we know There are many loan protocols available in the market. however their interest rates are based solely on the ratio of lenders to borrowers. So At The YLEND They aim to solve this problem and maximize your income by offering farming functionality.
YLenders will get two types APY = APY and yAPY
- APY will be calculated algorithmically based on supply and demand.
- yAPY stands for income from agriculture as yield in yLEND tokens. This allows Rate Of lenders to earn high interest rates even if loan demand is low.
The borrower will also get YAPY on the guaranteed amount to be borrowed. It sounds great, you can earn money even if you borrow thanks to the yLEND ecosystem. yLEND is also a governance token that allows users to adjust interest rates and make important decisions on protocol developments. This is the really fun thing about yLEND. It Has A Very Large Potential Compared To Other Lending Protocols.
YLEND Protocol Offers For everyone
- The yLEND protocol offers a new generation Defi crypto lending and lending protocol with farming opportunities. For those who provide liquidity, users will get standard interest rates and additional agricultural produce.
- $ yLEND is the governance token of the yLEND protocol. And it has One of the core features of $ yLEND is the ability to select protocol changes and development.
- Loans will be available based on the guaranteed amount of the liquidity provided. The borrower will also get daily yield based on the pledged amount as a yLEND token.
- The yLEND development fund is an important part of the project. It aims to keep the project successful. And 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.
- $ YLEND holders will be able to stake their $ yLEND holdings and earn profits by locking in their funds. And the vaults are specially designed to incentivize the $ yLEND token and maintain sustainable price growth.
- The yLEND protocol will be a $ yLUSD elastic supply token to maintain 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.
So in my opinion the YLend Protocol Really Has Great Upfront Opportunities And The Upcoming Development Is Too Good In The Best And Hardworking Team It Has. And they will definitely make improvements in the future, so stick to the YLend protocol. We Need To Support Such A Mind Boggling Project.
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
Conclusion
Actually is this is very powerful and popular project from a successful company.This is one of the most ongoing projects in the market at present. Customers are participating in this project with much more interest. Hopefully, those of us who are working on this project will benefit a lot from here. The company will present itself as a much bigger company in the days ahead.I am feel very happy and lucky to working with this project.So don't miss this project.
For more information please visit the link below:
Web-site: www.ylend.io/
Twitter: twitter.com/ylendprotocol
Telegram channel: https://t.me/ylendio
Telegram group: https://t.me/ylendgroup
Medium: https://ylendprotocol.medium.com
Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808
Eth Wallet: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a
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