Yearn Gold Finance (YGF) is a protocol that unifies leading DeFi protocols and blockchain infrastructure by standardising communication between them to create and execute complex financial transactions while championing Privacy, Anonymity, and Sovereignty. It’s a community project where only a small portion is allocated to Dev & the YGF team members.
YGF protocol will combine some of the best features of a decentralised finance market protocol, maximise its unique features, enabling users to enjoy the promise of a decentralised finance marketplace.
Why ?
The competition and advancement in the crypto world are astounding. This has made choosing the right platform more difficult than ever. Let’s see what YGF offers to its users –
What’s in it for you ?
The users of Yearn Gold Finance can stake their digital assets and earn depending on the tenure of staking and the number of tokens they have staked. Another interesting opportunity that YGF offers to its users is that they can actively participate in the process of DeFi products that are impacting the world.
Decentralised Finance is heady, the trend is only going up as it provides a way out of the age-old centralised finance system, and is available for anyone with crypto and internet connectivity.
What is Staking?
Staking is the purchase of crypto coins and holding them in a cryptocurrency wallet for a particular period. It is almost like a fixed deposit but in a fiat currency world. The holders are often rewarded with fixed interest at the maturity of the contract.
What is Yield Farming?
Yield farming is a process of staking cryptos in return for a reward. Here, individuals can earn token as a reward for their participation in a particular DeFi platform. It is not liquidity mining but liquidity mining supercharges yield farming. Liquidity mining is when a yield farmer gets a new token as well as the usual return in exchange for the farmer’s liquidity.
While most of the finance world is reeling from the unprecedented economic hit of the pandemic, the world of cryptocurrency is taken by storm. The crypto nerds are hunkering big on the latest dynamics and strategies.
Established Yield farmers maximise their returns by deploying complex strategies. It normally consists of staking tokens in a chain of protocols for maximum yield. The benefits attributed to yield farming are instant profits. The first-mover advantage of a new project largely benefits from token rewards that may rapidly appreciate. If they manage to sell these tokens at the right time, substantial gains can be made.
The Roadmap of YGF -
The beginning of Yearn Gold Finance has been surprisingly good. The project was designed for launch in September 2020 as a Community Growth and Project awareness campaign. The roadmap for October leads to comprehensive presale, which then leads to exchange listings with Uniswap, Hotbit etc, as well as Coingecko and CMC applications, Staking and Project Management.
YGF — Moving on,
The month of November is aimed towards expansion by establishing an online presence as well as being listed on more exchanges gaining greater media awareness, and influencer marketing. By the end of the year 2020, YGF aims to expand partnerships and publish extensively researched & detailed whitepapers.
Website: https://www.yearngoldfinance.com/
Twitter: https://twitter.com/yearngoldfin
Telegram : https://t.me/YGOLDFIN
