About Yfdai.finance
Yfdai.finance is an entire permissionless DeFi ecosystem that combines Staking & Farming services and soon, Lending/Borrowing services, SafePredict, and Insurance together with their own DEX called SafeSwap and their own LaunchPad where legitimate projects in the DeFi space can launch their new vetted projects with contract audits, locked liquidity and locked dev tokens in time release smart contracts. Whereas other DeFi protocols rely upon minting new tokens to sustain their staking and farming rewards,
Yfdai.finance has allocated tokens for these products which will be replenished with fees generated by the ecosystem. YFDAI also has a deflationary burn mechanism built into the platform that will ultimately reduce the total supply to just 13,950 tokens. YFDAI’s mission is to clean up the DeFi space by de-risking the purchase of new projects by performing due diligence vetting and requiring adherence to the same protocols that YFDAI itself adhered to on their launch. YFDAI’s motto is ‘no more exit scams or rug pulls.’
| Platform | Airdrop Starts | KYC | Website |
|---|---|---|---|
| ETH | 2021-03-09 | KYC for users is NOT a requirement | Click Here To Visit |
Staking
The Yfdai.finance Finance protocol allows users to stake YF-DAI via the dedicated Staking Dapp. With just a 72hr initial lock period users maintain control over their tokens. The YF-DAI Staking Dapp can be found at: https://stake.yfdai.finance/
Farming
Farming will allow participants to earn returns by providing liquidity in a variety of pools. Our first 6 farming pools went live on 10/25/20.
Safe swap
Yfdai.finance flagship, SafeSwap exchange will list and support projects that have met our strict criteria including locked tokens and fully audited contracts.
Borrow
A community made of borrowers that have instant access to a variety of loans while providing a collateral liquidity.
Lending
Yfdai.finance community made of depositors and borrowers, depositors earn a passive income by providing liquidity while borrowers have instant access to a variety of loans.
Launchpad
The YFDAI Launchpad ecosystem will promote up and coming projects that wish to contribute legitimate services to the crypto space by helping to build their token platform.
Insurance
Yfdai.finance will offer clients extra peace of mind with our optional insurance program. YFDAI will be offering insurance underwritten by a major carrier to help mitigate risk.
Vision
After seeing the negative precedents being set in the DeFi space with reports of fraudulent projects ascending contemporaneously with the rise of DeFi’ s popularity, Olivia and her team saw the opportunity to develop a trusted and secure platform. That’ s exactly why in Q3 of 2020, Yfdai.finance was created. Having been affected by illegitimate projects personally, Olivia knew the central focus of YFDAI should revolve around transparency and security. To achieve this, the YFDAI protocol and smart contracts first had to undergo a thorough inspection by an accredited auditing firm. In addition to this measure
The tokens belonging to the team would have to be locked with the address made public for all to verify. While these steps solidified YFDAI’ s commitment to security, the project couldn ’t stop there. The Yfdai.finance team made it a point that the DeFi space had to embrace a “best practices approach” in order to truly flourish, that is why YFDAI’ s LaunchPad and SafeSwap exchange was created. The creation of the LaunchPad and SafeSwap exchange was designed to help scaffold the DeFi space as a whole, and to construct a truly trustless, transparent, and secure environment.
Ecosystem
Yfdai.finance is an entire permissionless DeFi ecosystem that combines Staking & Farming services and soon, Lending/Borrowing services, SafePredict, and Insurance together with their own DEX called SafeSwap and their own LaunchPad where legitimate projects in the DeFi space can launch their new vetted projects with contract audits, locked liquidity and locked dev tokens in time-release smart contracts.
SSGT Reward
YFDAI is airdropping a total of 21,000,000 SSGT tokens to YF-DAI holders, stakers and farmers. Hold, stake or farm as mentioned in the below steps to be eligible to receive free SSGT rewards. Users who’ve not sold or moved their rewards will receive additional rewards. The rewards will be equally distributed every month over the course of six months.