YFDAI LaunchPad is now officially open for applications!
As a DeFi ecosystem that champions the people, we wanted to give the community a chance to be a part of DeFi history. To do this, we’ve launched our launchPad Sales Force initiative. For this initiative, YFDAI has set aside the sum of $50,000 to be used to compensate anyone in or outside the community who brings a project to LaunchPad that meets YFDAI’s criteria and successfully launches on the platform. Successful salespersons will be rewarded with the sum of $2000 USD payable in YF-DAI tokens once the project launches on the LaunchPad. …
Recently we announced a new product in YFDAI’s fleet of products and services, SafeTrade, YFDAI’s new premier trading bot service.
We now announce the opening of the SafeTrade Staking Vault for users to deposit their YFDAI into and hold for the 60 day period in order to receive an NFT that will provide Bot leasing discounts on the Stacked Invest 3rd party portal which hosts the YFDAI bots.
You can access the Vault here and the 60 days countdown starts today. http://Safetrade.yfdai.finance
Users will have access to their own personal account on Stacked Invest where they’ll have full control of their funds and can track each and every trade. This service also allows users to enter and exit their funds anytime during their trading campaign. This flexibility provides a seamless and stress free trading experience with our strategic partnership with Stacked Invest. …
Within the past few weeks, YFDAI has added greatly to its existing protocol by incorporating a sustainable model for both its staking and newly released farming pools. Just recently, we’ve announced the addition of NFTs and e-commerce platforms along with our newly acquired financial licenses. Today, we are happy to announce that YFDAI’s power streak doesn’t stop there.
New to the ecosystem is SafeTrade, YFDAI’s new premier trading bot service.
While trading bots are not a new technology in the crypto space, they’ve often been shrouded in mystery when utilized in platforms in the past. Because YFDAI has championed transparency since its inception, the SafeTrade system will be publicly showcased to the community via a third party application. In this showcasing, users will have access to their own personal account where they’ll have full control of their funds and can track each and every trade. This service also allows users to enter and exit their funds anytime during their trading campaign.This …
YFDAI Is Hiring!
Chief Operating Officer
Location: Globally (Remote Working)
· November 9, 2020
For months, DeFi has solidified its position as one of cryptocurrency’s most important decentralized services. It’s inception has challenged the status quo as it provides virtually anyone with a host of financial services that were originally offered by centralized financial institutions. Given this year’s growth in locked value and its immense future potential means it will be among the top leading sectors in the crypto space in sheer profit potential. …
The 2nd monthly unlock from the time-release smart contracts has been completed, please find below confirmation of upcoming transfers.
Team Tokens — Maximum Monthly Allocation 105 Tokens
As you are aware YFDAI did not carry out a presale and funding of the project has been paid directly from the team. The team tokens are in place to pay for core team members salaries.
This month 100% of the team tokens available will be used to cover the salaries of the team. …
Thanks to its rapid popularization and acceptance, DeFi has proven itself to be among one of the prime asset classes in the cryptocurrency space. While new innovations such as yield farming have now become a staple for virtually all DeFi projects, protocols still largely lack the capability needed to truly stand out and remain as viable options. In a sense, many farming protocols are limited to only the basics in DeFi, their absolute short term emphasis on farming stagnates the innovation needed to truly take DeFi to new levels. For DeFi to truly flourish, protocols need to not only innovate but take actions to ensure their relevancy over the long term. …
We are pleased to announce a new bonus income stream exclusively for YFDAI Farmers!
As stated in the Whitepaper, there is a fee to exit farming of 0.5%. This is the only income stream that has not yet been allocated to any other platform product or burn function.
We are pleased to confirm that 100% of this fee will be rewarded as a bonus to long term farmers!
This is a last man standing event !
To qualify for the bonus, you must have entered any of the ETH/YF-DAI farming pools by 00:00 UTC on the 15th November 2020 when the first snapshot will be taken. You will need to farm continuously for 120 days without lowering the initial amount farmed. Any withdrawals of the initial amount farmed will disqualify you for this bonus. Additional snapshots will be taken every 30 days, so you can deposit more LP tokens without causing the duration to reset on existing farmed LP tokens, however your initial deposit amount by November 15, 2020 is the maximum you you will be awarded in any 30 day period to increase the pool share you will ultimately be entitled to on day 120. …
It’s been an eventful week here at YFDAI. Just recently, we have released our Whitepaper detailing the new products that will be coming thanks to the applications for the E-Wallet, exchange, and E-Money licenses. We have also released our farming options that will provide users with solid returns whilst also assisting in increasing our liquidity on Uniswap. In the long run, the loyal members who perform continuous farming and/or staking will be rewarded with the following platform benefits:
In addition to the above features, long term farmers and stakers will also get access to LaunchPad presales of the newest incubated projects. The benefits of course, don’t end there. …
Farming has been one of the primary attributes accelerating the DeFi space. To put it simply, yield farming is a way to generate returns with cryptocurrency holdings. Farming through YFDAI allows you to earn rewards by providing liquidity in a variety of pools. YFDAI is opening the first farming pool on 25th October 2020. The total rewards dedicated to YFDAI farming services are 1,455 YFDAI. These tokens will be distributed among a total of 4 Pools to start with and all Farmed tokens will be eventually burnt. …
We would like to remind anyone who is still Staking on the old contract to Migrate your Tokens now.
You can do this by accessing the new Dapp at https://stake.yfdai.finance/
As previously announced the Staking contract was upgraded and Audited by Blockchain Consilium and you are required to Migrate your Staking tokens by the 27th of October. After this point you will still be able to withdraw your tokens Staked but will lose any rewards due.
For users who have already Migrated please be reminded that the rewards for this Staking contract are still in the time lock Smart contract which expires on the 26/10/2020. Tomorrow the Staking rewards will be transferred and at this point you will be able to withdraw any Staking rewards due. …