General introduction
Blockchain industry is quite young industry compared with traditional financial industry such as Gold, stocks and more . Majority of investors out there are not aware of the industry and those who are aware doesn't know how to enter the industry. The Centralized financial system operated by the governments is quite shady and lacks elements of transparency . Satoshi Nakamato the developer of the first cryptocurrency known as Bitcoin believed cryptocurrency decentralization will reshape the global monetary system . The Journey of Cryptocurrency started far back in the year 2009 after
the invention of Bitcoin and ever since then countless alternative cryptocurrencies has been developed . Development never seized in Cryptocurrency industry . From (PoW) to (PoS) Proof of Stake . From Centralized exchange to Decentralized exchanges. In a bid to stabilize the industry , fiat pegged Stable coin was also introduced to hedge traders against market volatility. Several developments has taken place in the industry since 2009 and we are still growing .2019 happened to be the year of total turnaround in crypto space. The emergence of Decentralized Finance known as DeFi in crypto space has market the beginning of breakthrough in Crypto industry . Decentralized Finance (DeFi) is changing the entire narratives in crypto industry . The decentralized nature of DeFi create confidence in investors and as a result lots of large scale investors, institutional investors have been shifting their base in crypto industry . DeFi industry is quite young and still need some modification in other to ensure sustainability in the industry .
I know the question that will be coming into some readers mind will be what is DeFi and what is so special about DeFi ?? In this article i will be discussing extensively about Yearn Insurance Farming and the approach taken by this platform to change the entire narratives in both Crypto and DeFi space.
First i feel it is very important i explains what DeFi is all about for those who are hearing about it for the first time . Decentralized Finance known as DeFI is a new dimension in the global financial system . DeFi operates in a similar ways the traditional financial institution like Banks and finance house operates like offering service such as Savings , lending and borrowing services, Insurance and
more. DeFi is a a brilliant initiative that has been designed to restructure the Global financial system. The concepts will surely fulfill the dream of the Bitcoin creator popularly known as Satoshi Nakamato. DeFi is a decentralized fiancial system build on Blockchain Dapps .The system has been designed in a way that makes it functions independently without the need of any human resources. In this article i will be sharing a good news with my reader which is all about a groundbreaking DeFi project known as Yearn Insurance Farming . Yearn Insurance farming is incorporating
a new ideas into DeFi Space. Idea that will offer sustainability in the DeFi system . Most of DeFi platform failed and unable to achieve their goals due to lacking good managerial policy . I do hope my
dear readers will find this platform more fascinating as i move further to discuss more about it .
About Yearn Insurance :
Yearn Insurance Finance (YFI) is a new DeFi platform focused on reshaping the existing DeFi system and correcting the loopholes in the existing DeFi system . YIF platform governance is managed by the investors . Yearn Insurance opens investment opportunity for everyone . The decentralized structure of the platform allows everyone to take part in the DeFi Ecosystem , thereby becoming part of the liquidity pool , ensuring there is adequate liquidity in the pool for the platform and users . Investing in YFI tokens will an investors is owning a stake in the company . The investors who stake their
tokens , provides liquidity are often provided with good returns on this . The return is quite attractive compared to the traditional financial system . In YFI platform the process of staking and swapping token is insured against any future occurrences. YFI sees the interest and well being of the investors as priority. YFI has been against all odds. The existing system of DeFi is known to favor the whales investors while the low income investors suffers the major loss. YFi has developed a sustainability measure to make sure both Large scale and small scale investors benefits from the platform .
Another unique features of YFI is governance. Token holders will be able to invest in different pool of investment and cast vote with the use of token. Insurance cover is available for the users and the situation of failure can easily be protected by the insurance.
YIF Token
YIF token holders will be empower with the decision making ability on the governance of the YIF platform ,This makes YIF token a governance token which grant holders the power to take decision on the management of the platform .
INSURANCE SWAP : YFI is the first ever DeFi platform that will offer an insured swap with a pool of limited supply of tokens.This is contrast with some DeFi platform which pool creator offers some tokens to Ethereum , this system doesnt always last and lack sustainability .YFi is changing the game and bringing complete transparency into DeFi ecosystem . To learn more about YFI Ecosystem , do not hesitate to follow the official links below..
YIF PUBLIC SALE
The Public Sale of YIF token start today September 23, 2020 . The sales will kick off for only one day and will offer some liquidity in UNISWAP. Funds raised in the Private Sale will be used for the platform development . Join the Public Sale now while the offer last.
Final thought ,
YFI platform is a revolutionary DeFi platform offering sustainability and correcting the loopholes in the existing DeFi system . With the features offered by YFI platform , it put investors interest as the top priority, hence, safeguarding them from any form of loss. Be part of something huge. Dont miss out.
YFI Token Metrics:
Total Supply: 190000
Initial Circulating Supply: 100000
Pre-sale amount: 90000
Pre-sale price: 1 ETH/90 YIF
Hard cap: 1000 ETH
Uniswap Liquidity: 10000 YIF
Initial Uniswap Listing Price: 1 ETH/33.3 YIF
Start Date : SEP 23rd ,2020
End Date: SEP 23rd ,2020
Official Resources
Website: https://www.yif.finance/
Twitter: https://twitter.com/yiffinance
Medium: https://medium.com/@yif.finance
Telegram: https://t.me/yifofficial
Authorship:
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
Eth address: 0x92d259F369B02eF1d625C3F3bDc2F6b06A8BE272
