yLEND protocol Project

 

yLEND protocol

yLEND protocol is built on Ethereum platform that will allow users to lend, borrow $eth or other tokens and earn algorithmically set interest rates, additionally double their earnings with farming functionality which is one of a few in DeFi.

All is needed your Ethereum wallet and internet access, no KYC or third party is involved. You can lend, borrow and earn the highest interest rates right away.

This is most promising and very interesting project.Recently this project attracts more attention.This is high quality and strong project.This project developed by a great and successful working teams.yLEND protocol project has great future.This is a very good project that has been made with the best plan for their offer. Hope it will become more successful in the future.

What is yLEND protocol?

Our vision is that “You deserve more earnings”. There are many lending protocols available on the market, however their interest rates are only based on the ratio of lenders and borrowers. Usually, the interest rates are very low because of low number of borrowed amount. We aim to solve this issue and maximize your earnings by offering farming functionality.

● Lend your crypto and earn interest rates + yield earnings

● Borrow crypto earn daily yield earnings based on the collateralized amount.

● Stake your $yLEND holdings and earn profit by yield farming.

● Maximize your earnings by APY and yAPY.

APY + yAPY

Lenders will earn two types of APY = APY and yAPY

Standard APY will be algorithmically calculated based on supply and demand. yAPY stands for the earnings from farming as yield earnings in yLEND tokens. This will allow lenders to earn high interest rates even if there is a low demand for borrowing which is missing in many lending protocols.

Borrowers will also earn yAPY on the amount they borrow. This sounds interesting, right? You earn money even when you borrow thanks to yLEND ecosystem.

How yLEND protocol works?

● Lending

yLEND protocol offers a new generation of crypto lending and borrowing protocol with farming opportunities. For provided liquidity users will earn standard interested rates and additionally yield earning from farming.

● Governance token

$yLEND is a governance token of yLEND protocol. One the core features of $yLEND is the ability to vote for the changes and development of the protocol. User will be able to decide distribution rate of $yLEND tokens, buy back and distribute or buy back and burn rates.

● Borrowing

Borrowing will be available on the collateralized amount from provided liquidity. Borrowers will also earn daily yield earnings based on the collateralized amount as yLEND tokens.

● Development Fund

yLEND development fund is one of the important part of the project. It is aimed to maintain the success of the project. Initially 500 eth (1/3) from pre-sale will be locked in the fund. Gradually, users will decide how to use these funds by voting. The main use case will be buying $yLEND tokens from the market and burning or distributing among the protocol users.

● Vault

$yLEND holders will be able to stake their $yLEND holdings and earn profit by locking their funds. The vault is designed to incentivize hodling the $yLEND tokens and maintain the sustainable price growth.

● yLUSD add on

Another exciting add on of yLEND protocol will be elastic supply token $yLUSD to maintain sustainable growth of the ecosystem. $yLUSD will follow the Ampleforth elastic supply models and it will expand and contract supply in response to market conditions, to target 1 USD per $yLUSD.

yLEND will have different cryptocurrencies* available for lending and borrowing for example:

● ETH

● USDC

● DAI

● USDT

● ZRX

● BAT

● REP

How to join the PRE-SALE?

● Prepare your Wallet

Prepare your funds available for extensions such as MetaMask or Wallet Connect;

● Follow our Announcements

Follow our official channels for pre-sale announcements and instructions. Use only the links we provide to enter the pre-sale pool.

● Join Pre-Sale

Connect your wallet, enter the pool, send your ETH to swap for $yLEND tokens, and immediately receive the tokens to your wallet.

● Check Your Balance

All the tokens your receive are fully unlocked and tradable.

How big is DeFi?

● Total Value Locked (USD):

11 billion

● TVL in Lending (USD):

4.2 billion

● DeFi Assets MarketCap (USD):

2.4 billion

$yLEND is a governance token of yLEND protocol. One the core features of $yLEND is the ability to vote for the changes and development of the protocol. User will be able to decide distribution rate of $yLEND tokens, buy back and distribute or buy back and burn rates. All of these features will be programmed into our smart contract, votes will be automatically counted and changes will be made if any.

Token Distribution

● Name: yLEND

● Total Supply: 75,000

● Hard cap: 1,500 ETH

● Soft cap: 900 ETH

● Pre-Sale Price: 1 ETH/ 20 YLEND

● Target Uniswap Listing Price: 1 ETH / 8 yLEND

● Pre-Sale Date: SOON

● KYC: NO

● Marketing: 5%

● Team: 5%

Pre-sale funds will be will be used to provide Uniswap Liquidity immediately after the completion of the pre-sale and further development of the project.

Road Map

Q3 2020

yLEND protocol development.

Q4 2020

Public Pre-Sale.

Q4 2020

Uniswap Listing Immediately After the Pre-Sale.

Q4 2020

Preparing for Beta Launch.

Q4 2020

Completion of Audits.

Q4 2020

Beta Launch.

Q1 2021

Launching Full Community Governance.

Q1 2021

Vault Release.

Q1 2021

Preparing for yLUSD launch.

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 about this project you can see it 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

Bitcointalk Username: jamaah45

Telegram Username: @jamaah

Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2502762

Wallet address (eth): 0x7A5df2D8D32b8f8e4FC6BF71D2BDfe69992D1C1B