Introducing Yield Bank
Decentralized Finance has revolutionized the cryptocurrency industry. Developers and project teams have shaped what is becoming the financial future of self-money management, yield farming and financial economics well past traditional cryptocurrency trading. Opening doors to economical avenues that were not available to the average cryptocurrency user and the world. The iYield team plans to bring to market these avenues to the masses of the cryptocurrency community. We seek mass adoption, coupled with extreme longevity to become the largest Decentralized Finance yield aggregator in the space. We will achieve this with some of the highest professionals in the industry, alongside of our partners.
Yield Bank has set out to create an ecosystem that will yield the highest yet safest yields an individual user can achieve. To give insight to our plans, we plan to offer a native token that allows access into our ecosystem. The token is a deflationary token with properties not quite seen in the market before. Its liquidity provided is irrevocable through its smart contracts. Thus creating a Liquid Level (LL) — a key level created to assist market price decomposition. This creates a new marketplace for its derivative — the LP Token. This process will stabilize market pricing while creating a higher market value, in addition to offering passive income to the Infinitely Locked Liquidity (ILL) provider. This will allow for staking on our Yield Bank platform, in conjunction as registration to an individual account propriety to the user (more on individual account propriety later).
Yield Bank features
● Staking
All holders of the yB token have staking abilities on our platform. If a user provides IL Liquidity, in return their receipt – the LP token, can be directly staked to the platform for rewards of the yB token. Additionally, the yB token can be staked independently and singly unlike many other platforms. This diverse rewards system provides two types of rewards offered while staking in the yB platform.
● Arbitrage
Professionals know where the real money and future is. Lately a market for LP tokens has been trying to make its way onto the DeFi stage in a brighter light than ever before. Yield Bank with its finance background sees the way these markets should be delivered to the world and sees how to professionally deliver them.
● Vaults
Inside Yield Bank’s vaults is a set of dynamic algorithms that automatically move funds to the best performing assets in real time. When and if that asset begins to fall outside a profitable threshold the algorithm will autonomously move to the next performing asset within the qualifying parameters set.
● 401K Vaults
These vaults are just that, made for retirement. One of our key goals at iYield is longevity. We plan on providing the best returns for many years to come at safe levels where any user can save for their future. We have compiled data that helps us make our 401K strategies provide long-lasting yields for our customers futures, not our own.
● User Interface and Experience
Our team has looked at all the most popular DeFi protocols and platforms. We have deemed them far too low quality, poorly designed, plain, boring and most importantly very daunting and alienating the average crypto user. One of our primary tools through which we plan to achieve mass adoption is vastly improved user interface and experience — we plan to give the user an experience that feels very similar to what they are already used to packed into a simple UI they are all already familiar with.
● Individual Account Propriety
We have built a database layer on top of the Ethereum network for our Yield Bank platform. Each ETH address holding yB will be assigned an account number, this account number is unique and is pegged in our database to that unique ETH address.
● The People’s Fund
For the first time in DeFi, we are further rewarding our stakers and holders with “The People’s Fund”.
THE yCASH TOKEN
The yCASH also a deflationary token but from a much higher supply will share similar characteristics of the yB token and its lLL liquidity type. It will be a open market sold token and rewards token for the staking of yB tokens, yCASH tokens and its LP tokens. The yCASH token also has propriety MDI coding capabilities to resist sell pressure as well as our own propriety coded methods to further boost the buy back mechanism and reduce selling pressure. The yCASH token will be the rewards token and additional buying pressure support of its native yB token. For every yCASH token purchased a purchase is additionally made of the yB token from The Support Fund taken from each yCASH sale of .007%
Staking
All yB token holders have the ability to stake our platform. If the user provides IL Liquidity, in return for their receipt - the LP token, it can be directly wagered to the platform to get a reward from the yB token. In addition, yB tokens can be staked independently and singly unlike many other platforms. This diverse reward system provides two types of prizes which are offered when betting on the yB platform. There is another major difference with our platform compared to other platforms - when betting yB tokens directly to the platform, the reward period for this action does not come from the original bet form but comes in the form of yCASH tokens. This token is a deflationary token of similar quality to the yB token. The yCASH token will be an open market token and with a higher supply. Support and value will come from multiple pools on our platform for its liquidity support as well as its main support, its own ILL pool. YB and yCASH tokens are deflationary - They automatically buy themselves on the open market and automatically burn the tokens. This system will remain resistant to selling pressure and is designed to keep our token value high. Our system coding for this function no doubt that selling pressure is being regulated. Once seen in action, there will be no mistake that we actually do as we claim, unlike other protocols that have pretended to slap a Mac Truck with a fly swatter, more on our technique to follow. This system will remain resistant to selling pressure and is designed to keep our token value high. Our system coding for this function no doubt that selling pressure is being regulated. Once seen in action, there will be no mistake that we actually do as we claim, unlike other protocols that have pretended to slap a Mac Truck with a fly swatter, more on our technique to follow. This system will remain resistant to selling pressure and is designed to keep our token value high. Our system coding for this function no doubt that selling pressure is being regulated. Once seen in action, there will be no mistake that we actually did as we claimed, unlike other protocols that have pretended to slap a Mac Truck with a fly swatter, more on our techniques to follow. Ownership of the original yB token is required because without yB, you will not be able to participate in our platform.
Arbitration
Professionals know where money is and the future really is. Lately the LP token market has been trying to get into the DeFi stage in brighter light than ever. Yield Bank with its financial background looks at how this market should be shipped out into the world and sees how to deliver it in a professional manner. This isn't a video game and we're not trying to be the cool kids on the block. We intend to provide true value to DeFi and in the process provide it in a way that is understandable. The LP token itself has a great opportunity that is never really known. By taking our native tokens and pairing them with other high volume tokens, this allows a variety of different pool types to be created to generate passive income from and a broader arbitrage market for trading, all of which will appreciate and depreciate based on market conditions. Furthermore the topic of token wrapping gives off-chain and on-chain assets the ability to create their mark in the DeFi space, which will further increase LP value and trading opportunities to the stratosphere when wrapped and applied to the pool. We intend to provide a wide variety of token-wrapped assets, not only to force volume through our tokens, but to create and further develop an unprecedented market on a large scale.
CONCLUSION
Our full 10 page whitepaper will be available soon for viewing, this current version is not our full scope and we have many additions to tell you about. Please also be aware the yB token although our first token and required token for our platform, we will be releasing a full suite of products to the Yield Bank platform. We wanted to release a summary whitepaper for to give our investors a brief synopsis of us. We want to thank the 4,000 plus users who have come out to support us in only 72 hours into our initial launch. We thank you very much, and look forward to providing you the greatest platform DeFi has to offer.
For more information on this project see the link below:
Website: yieldbank.finance
Medium: medium.com/@YieldBank
Twitter: twitter.com/YieldBank
Telegram Room: t.me/YieldBank
Telegram Announcement Channel: t.me/YieldBankAnnouncements
Discord: discord.gg/4DrKFzJ
Email: [email protected]
ILL Episode date: TBA
Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808
Eth Wallet: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a
