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Friday, April 19, 2024

What Is Yieldification (YDF)? Complete Guide & Review About Yieldification

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What Is Yieldification (YDF)?

The foundation for Yieldification has been laid for consistent growth and sustainability. Each component coalesces perfectly to deliver the appropriate balance in the protocol to support the underlying infrastructure that will make the project exist and ultimately grow in perpetuity. YDF is the next blue chip in the making.

Yieldification Coin first ever sustainable, high yield generating DeFi protocol leveraging brand new, never before seen (and actually useful) integration between ERC-20 fungible tokens and NFTs. They also use only the desirable yet sustainable concepts and tokenomics from some of the largest, most popular projects in the space (HEX, OHM, GMX, REFI, etc.). YDF was constructed with growth, sustainability, and longevity in mind.

Important Points Table Of Yieldification

BasicPoints
Coin NameYieldification
Short NameYDF
Total Supply440,541,875
ExplorerClick Here To View
DocumentationView Document
WebsiteClick Here To Visit

How to Buy the Continental & Trade On Exchange?

First Step

Buying PYRO Is Very Easy Task . Just Find Exchange Where PYRO Available & Buy Through Your Credit & Other Altcoin .

Second Step

Once You Purchased PYRO. Now It Is Time To Store Your PYRO Or Start Trading On Exchange .

YDF & Tokenomics

Entry point to the protocol:

YDF is the primary ERC-20 token that serves as the entry point to the yieldification protocol. From day one it is offered on the Ethereum network and traded on Uniswap, but will ultimately likely be offered on various centralized exchanges and potentially even across networks.

Continuous, time-decaying sell tax:

One of the most important components that supports the sustainability of the protocol is the continuous, time-decaying sell tax outlined below. Simply put, you are rewarded with lower sell tax the longer you hold and/or stake your YDF. This tax is reduced continuously as the user holds, and at sell time burns YDF. This “burn” can be thought as ultimately being returned back in the form of yield to staking users.

Tax Composition

  • Marketing: supports growing the project awareness, particularly early on, to get the word out and let everyone know how significant YDF is in the DeFi space.
  • ETH Rewards: YDF stakers (both single sided and liquidity stakers) will receive passive rewards in ETH that is funded both from this tax and from the treasury over time.
  • Time decaying burn: As stated above, this is the tax that rewards long term holders by lowering sell tax, and burns YDF that can be thought of as giving back to YDF and liquidity stakers.

ETH Rewards

Stakers are already earning a high yield from staking their YDF or liquidity, but to sweeten the pot even more we built an innovative, never before seen built-in mechanism for all stakers to enjoy passive ETH rewards as long as they have a stake NFT (sYDF or slYDF) in their wallet. These rewards are funded by:

  1. 1.a small tax (outlined in YDF & Tokenomics)
  2. 2.from the treasury periodically

How many rewards you earn compared to other stakers is a function of both the principal value of your owned stake NFTs and the lockup period. The higher the principal and the longer the lockup period (and therefore the higher your APR), the more ETH rewards you earn.

How to buy YDF

Get Metamask

Download & install Metamask, which is a browser-based crypto wallet (and mobile app) you can use to send/receive cryptocurrencies and transact on the Ethereum network.

Buy ETH

You can buy Ether (ETH), the native cryptocurrency on the Ethereum blockchain, either directly through Metamask, or from an exchange like Binance, Coinbase, FTX, or Kraken and transfer it to your Metamask wallet address.

Buy YDF

Once you’ve funded your Metamask wallet with ETH, you can buy YDF using the window below! Leave a little amount of ETH in your wallet to pay for gas for future transactions.

Start Staking

Visit the staking page to begin staking your YDF and earning yield!

Features

YDF tokenomics

Yieldification Coin tokenomics are designed such that long term holders are rewarded and incentivized to stake for the long term.

Yield Vesting

In order to reduce and manage sell pressure over time, they add an additional vesting component to
claiming earned yield when unstaking previously staked YDF or YDF liquidity.

Stake NFTs

When a user stakes their YDF or liquidity, they are issued a fully transferrable and tradable NFT that can be seen and traded on marketplaces like OpenSea.

Utility

Yieldification Coin have a number of products, services, and plans we’ll be building and developing over the coming months. Stay tuned for updates!

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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