Yield Bank – The all-in-one DeFi Bank

1 point

6 years ago

Yield Bank is essentially a full-fledged financial system in a single decentralized web application, all supported a set of ETH smart contract. The project offers an all-in-one set of features previously only seen across several platforms, as well as many unique ones. In addition, the tokenomics and general token economy are amazing and incredibly detailed. There are systems in place to support the prices of their two tokens, yB and yCASH.

Here are some of the features that Yield Bank offers:

• Two tokens, the yB and yCash tokens, with fixed supplies and a deflationary token burn and buy system where both tokens' prices are supported through tax-buy and transfer-burn mechanisms.

• Liquid Lend: Loans using LP tokens as collateral

• DeFi Futures: Decentralized futures trading based off the Uniswap liquidity pool model with transactions and settlement on a L2 solution

• LP market trading: locked liquidity pools for the yB and yCash pairings creates a market for trading and arbitraging multiple LPs, with the fees from trading further adding to the value of the liquidity pools

• Vaults: a way for users to earn interest on their cryptocurrency through the implementation of various automatic trading strategies

• yGasSaver: multiple transactions are combined within the ecosystem to save users on gas

• Auto-Compounding: An option that can automatically convert users assets into the proper ratios needed for staking. After rewards are earned, the auto-compounder can then reinvest all rewards by exchanging rewards for LP tokens and staking them

• Account Numbers and Wallets: Easy in-house wallet creation + onboarding, and custom account numbers pegged to each users ETH address

Socials:

Website: yieldbank.finance

Medium: medium.com/@YieldBank

Twitter: twitter.com/YieldBank

Telegram Group: t.me/YieldBank

Telegram Announcement Channel: t.me/YieldBankAnnouncements

Discord: discord.gg/4DrKFzJ

Email: social@yieldbank.finance