Post
Topic
Board Announcements (Altcoins)
Topic OP
[ANN] 🏦 Yield Bank 🏦 The All-In-One DeFi Bank
by
JimmyJones
on 17/12/2020, 06:28:47 UTC


YIELD BANK PRIVATE SALE

Private sale information can be found here: https://yieldbank.medium.com/yield-bank-private-sale-b3f2e8bdc2e9

Private sale goes live on December 18th, 2020 @ 12:00AM ET. You must reserve your place early at info@yieldbank.com in order to participate in the Private Sale. Please send your Telegram or Discord username along with the ETH wallet address you’ll be using. Sale is limited to the first 100 people.


WHAT IS YIELD BANK?

Yield Bank is 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:

yB and yCash tokens: Fixed supplies and a deflationary token burn and buy systems 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


yB Token Supply Distribution:

Total supply: 75,000 yB

[68 %] Rewards — 51,000 yB
[8 %] Liquidity Episode — 6,000 yB
[6 %] Reserved / CEX Listing Supply Escrowed — 4,500 yB
[5 %] iYield Team — 3,750 yB
[5 %] Circulation / UNI Liquidity Pool — 3,750 yB
[5 %] Development — 3,750 yB
[3 %] Marketing & Partnerships — 2,250 yB



yCASH Token Supply Distribution:

Total supply: 75,000,000 yCASH

[68 %] Rewards — 51,000,000 yCASH
[10 %] Liquidity Episode — 7,500,000 yCASH
[9 %] Development — 6,750,000 yCASH
[5 %] Circulation / UNI Liquidity — 3,750,000 yCASH
[5 %] iYield Team — 3,750,000 yCASH
[3 %] Marketing & Partnerships — 2,250,000 yCASH



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