Yield Bank: Simplifying Yield Farming For Everyone

Hello dear subscribers and readers of my blog. Today we will talk about another DeFi project called Yield Bank.

Briefly about the DeFi:

Decentralization is the complete opposite of today’s management style. Today’s organizations and divisions are completely Central. Modern organizations and divisions are completely centralized. They consist of the Manager or dominant structure in the center and the communities gathered around it. Decentralization, on the other hand, evenly distributes all power equally to the base instead of a single decision-making mechanism or authority at the center, and allows the community to manage the power of the community.

Decentralized Finance (DeFi) refers to the transfer of all the features and functioning of modern classical financial institutions to decentralized platforms. These are systems in which private equity owners who do not have intermediaries in the system can lend to those who need credit, or perform other financial transactions. Investments such as banks or other Central organizations in the cryptographic sector do not belong to a single user or official. You don’t need to trust anyone, as everything is organized according to smart contracts, just confirm.

About the Yield Bank project:

Yield Bank is a financial institution that is being built in a decentralized manner. All operations are performed through smart contracts. Since banks or other financial institutions will not be intermediaries in transactions, they provide better rates than Central platforms for both investors and those who want to attract loans, which allows people to directly perform financial transactions with each other without intermediaries.

Decentralized platforms need liquidity pools to perform their functions. Investors earn income from those who use it by putting their investments in the pool. The pool is used for managing financial processes. The system gives investors LP tokens as proof of the money they invest in the pool.

The most basic problem for decentralized platforms is the lack of volume. Often, because pools cannot reach a sufficient size, they can be attacked or face various problems. Yield Bank aims to improve LP token trading. Thus, it plans to contribute to the development of the DeFi ecosystem by constantly increasing the amount of liquidity in pools, creating pools with more reliable and wider transaction volumes.

Yield Bank Features:

Investors have more opportunities and better returns on a platform where there will be no intermediaries than classic financial institutions. Yield Bank allows investors to place bets on their investments so that they can better manage their money and get passive returns at the best rate. At the same time, users can maximize decoupage amounts by evaluating arbitrage opportunities between different pools and platforms.

The storage concept used for DeFi is slightly different from that of conventional stock exchanges. Yield Bank safes are built so that you can make instant transfers, and some types of private safes (like 401k Vaults) are designed for special occasions such as retirement. The system will make different definitions for each user with YB tokens to track the status of their investment.

The biggest problem that users usually face for DeFi is that the system is quite complex. Yield Bank will be quite simple for people who do not have extensive knowledge of cryptocurrencies. This is one of the most important points when developing Yield Bank. The DeFi platform should be easily accessible to everyone.

Another factor that deters users from using decentralized platforms is the high transfer fees and problems that occur during times of congestion in the Ethereum network. To overcome this problem, Yield Bank aims to ensure that this process does not affect its users by offering various solutions that will allow multiple transactions to be processed with a single gas fee.

About the token:

Output:

Decentralized financial solutions will increasingly be adopted by communities in the next few years and will begin to replace classic financial institutions. To date, they are still in a fettered state. Yield Bank and similar platforms can help to accelerate the adaptation, resolving the outstanding problems in the field of DeFi.

Thank you for attention!
All useful links can be found below:

Website: http://yieldbank.finance/
Whitepaper: http://yieldbank.finance/mt-content/transfers/2020/10/yb_whitepaper_lite.pdf
Telegram: https://t.me/YieldBank
TWITTER: https://twitter.com/yieldbank
MEDIUM: https://medium.com/@YieldBank
DISCORD: http://discord.gg/4DrKFzJ

═════════════★ Author ★═════════════════════

★MY BITCOINTALK USERNAME: tomson777
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★MY ETH ADDRESS: 0x20C834700ACF061af481C4B95B58C6787dB4B052
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