yLEND Protocol - You Deserve More Earnings

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3 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Cryptocurrency, Crypto, Blockchain

Introduction

In today's modern era, people can use traditional financial instruments such as loan services, asset deposits, etc., through their devices. With the decentralized exchange protocol or what is commonly abbreviated as DeFi, people can use financial services such as lending, for example, easily and safely. The DeFi protocol allows developers to develop traditional financial instruments onto a decentralized platform which is usually based on the Ethereum blockchain. With this protocol, people can do lending and stake easily and safely.

There have been many platforms now that have started implementing the DeFi protocol on their platforms, one of which is the yLEND Protocol - this is a protocol that allows people to be able to lend, borrow $ eth or other tokens, set interest rates, and farm, without the hassle and headache. think about regulations or other things. Users can enjoy all of DeFi's features and solutions without the need to do KYC or a third party is involved. This is what makes yLEND Protocol better than its competitors.

Maximize Your Profit

yLEND Protocol allows users to maximize their profit with various DeFi solutions. With DeFi's features, users can grow their assets in the crypto market safely and easily. yLEND Protocol aims to be a different protocol than the lending protocols available on the market because “You deserve more earnings”. The yLEND Protocol offers higher interest compared to competitors with farming functionality - this allows lenders to earn higher interest rates.

yLEND Protocol Features

Lending: Allows users to be able to perform lending with crypto lending protocols with farming opportunities.
Borrowing: Allows users to borrow collateralized systems with farming opportunities.
yLEND token: This is a governance token, one of which functions as a vote for platform changes or developments.
yLEND Vault: Allows users to be able to stake and get profit from it.
yLEND development fund: 500 $ eth (1/3) from pre-sale will be locked in this fund, which is to maintain the success of the project.
yLUSD add on: Elastic supply token $ yLUSD which will be distributed to lenders, borrowers, and farmers as their yield earnings.

APY + yAPY

yLEND Protocol provides two types of tokens which will serve as "fuel" that will support the operation of the platform, both tokens are APY + yAPY. This token is planned to be distributed to lenders. Lenders and borrowers will get yAPY tokens as their earnings yield. So not only lenders will benefit, but borrowers will also benefit from this DeFi ecosystem.

In Conclusion

yLEND Protocol is different from other protocols available in the market, yLEND Protocol provides DeFi solutions to users such as to lend, borrow $ eth or other tokens, set interest rates, and farming which is few in the DeFi market. yLEND Protocol gives higher interest to users with a farming mechanism so that users can maximize their profit, because "You deserve more earnings".

Keynotes

There have been many platforms now that have started implementing the DeFi protocol on their platforms, one of which is the yLEND Protocol - this is a protocol that allows people to be able to lend, borrow $ eth or other tokens, set interest rates, and farm, without the hassle and headache.
The yLEND Protocol offers higher interest compared to competitors with farming functionality - this allows lenders to earn higher interest rates.
yLEND Protocol allows users to maximize their profit with various DeFi solutions.
yLEND Protocol aims to be a different protocol than the lending protocols available on the market because “You deserve more earnings”.
Users can enjoy all of DeFi's features and solutions without the need to do KYC or a third party is involved.
With DeFi's features, users can grow their assets in the crypto market safely and easily.