Yearn Recovery - #DeFi Yearn Recovery

Disclaimer

The main objective of this publication is to present the Yearn Recovery solution and the related Yearn Recovery project. Under no circumstance, it should be considered as an investment advice.

If you have any question regarding the regulations impact on the Yearn Recovery project, feel free to contact Yearn Recovery at support@yfir.finance

Abstract

The DeFi project during this month has seen a significant increase in quantity and quality. Many companies use DeFi because this technology allows two parties to transact without going through an intermediary, the systems are mostly built using the ethereum blockchain network and this is claimed to be able to revolutionize financial technology in the future.

DeFi is not centralized meaning that no single organization or company is driving DeFi, meaning that your transactions will be completely safe. DeFi is expanding the use of blockchain, from initially simple value transfers to more complex financial use cases.

But more than that, the advantages of DeFi's service are the ability to borrow and lend cryptocurrency with interest, bet, exchange real-world assets, take part in a no-loss lottery, buy cryptocurrency or rather stablecoins, etc. This is the reason why many platforms currently use DeFi as their base.

Yearn Recovery is a project built with Defi and aims to maximize investors' profits by placing their stable coins into the YFIR vault. In this way, investors can get rewards from the stable coins they deposit.

DeFi Yearn Recovery

Investors must have known that currently by depositing your digital assets to ETH Vault you can get rewards, such as a report from bitcoin.com that Yearn Finance Vault Users Lock $ 139M: Farmers Claim Collateralized ETH Gathers 90% APY. In recent weeks, Yearn Finance has become a hot topic of discussion by people as the original YFI token from the project has risen very close to $ 40,000 per token. As a result of this, many crypto fans became "vault hype" and in the end, Yearn Finance paused the ethereum liquidity vault service.

Yearn Recovery allows investors to deposit their stable coins into the YFIR vault. After they deposit their digital assets to YFIR vaults, they can get rewards. However, it needs to be underlined that Yearn Recovery only releases 9000 YFIR as an early stage circulation supply, in the future or more precisely within 2 years Yearn Recovery programs that there will be a circulating supply of 30000 YFIR.

Yearn Recovery has the following features;

• The supply circulation in the first stage is only 9000 and not more

• In the next 2 years, Yearn Recovery is optimistic that it could reach 30000 total supply, this is to avoid inflation.

• Yearn Recovery will have 3 vaults namely USDT, USDC, DAI

• Each staking contract will house 3,000 YFIR to be distributed over the course of two years.

• 3 new vaults decided by the community with 3000 tokens each with a release period of 2 years.

• Has a burning mechanism.

In Conclusion

By depositing your assets into the Yearn Recovery vault you can get rewards. However, in the early stages, Yearn Recovery only limited the circulation of supply to 9000 YFIR, but in the next 2 years Yearn Recovery will issue a supply of 30000 YFIR, this is done to avoid inflation that might occur. 9000 YFIR Starting Circulating Supply, Stake, Farm, and Burning mechanism! #DeFi Yearn Recovery

Token Presale

Yearn Recovery plans to carry out a token sale program with the following details;

Yearn Recovery Price: 1 YFIR = 0.1111 ETH
Hardcap: 900 ETH
Circulating Supply: 9,000 YFIR
Ticker: YFIR
Maximum Supply after 2 years: 30,000 YFIR
Starting MarketCap: over $900,000

Tokenomics

Presale: 9,000 YFIR
Uniswap liquidity: 1,000 YFIR
"Y" family airdrop: 1,000 YFIR
Staking 2 years period: 18,000 YFIR
Marketing: 1,000 YFIR

Please note that Yearn Recovery presales on the bounce. finance platform with the following URL https://bounce.finance/join/swap/2646 so makes sure that you are visiting the correct URL. For further questions please contact support@yfir.finance

Roadmap

2020 September

Spread the word about Yearn Recovery
Presale launched
Smart contract launched
Staking 2 years period
Uniswap Listing

2020 October

Vault contracts USDC, USDT, DAI
Listing to multiple exchanges
Marketing Push with Crypto Influencers

Future

Governance Protocol Implementation
Yield Farming Website

Connect

WEB: https://yfir.finance/
TELEGRAM: https://t.me/yfirecovery
TWITTER: https://twitter.com/YearnRecovery