YFDAI are pleased to announce our partnership with GovWorld

2 min readDec 6, 2021

It has been no secret that Lending & Borrowing has long been on the radar at YFDAI and we have invested significant time and resources in developing our own offering in this area. GovWorld have also targeted the P2P lending and borrowing space with their soon to launch DApp, so why then would YFDAI consider partnering with a potential competitor?

To put it simply we don’t see GovWorld as a competitor, in fact there are so many great synergies between their offering and our ecosystem that simply make sense. As the YFDAI LaunchPad continues to develop and evolve, GovWorld will provide a valuable service for investors who may wish to stake for loan offers by collateralizing previous investments. For the LaunchPad projects themselves there are also distinct advantages as they come straight out of the gate with viable liquidity options for investors

GovWorld are themselves an innovative DeFi ecosystem offering a customizable P2P lending protocol. This is where liquidity is unlocked, benefits can be retained, and supply/demand equilibrium is found in real-time.

The YFDAI L&B product will also sit nicely in this space without competing directly with GovWorld, effectively giving the YFDAI community access to even more quality DeFi opportunities. The team at YFDAI believe that partnerships such as these can add more value overall while at the same time avoiding a drain on resources.

We are excited to see this partnership evolve and can’t wait for the GovWorld launch.

About GovWorld 😎

GovWorld is the first DeFi ecosystem of its kind, leveraging the power of the most customizable P2P, cross-chain lending protocol on the blockchain. Able to collateralize any approved altcoin or NFT for public or private loans of USDC, USDT, or DAI. This is where users can unlock their liquidity, retain tier-level benefits & staking rewards, and have 100% freedom to choose their terms.

🚀 🚀

✅ Innovative DeFi ecosystem.

✅ Collateralize any approved Altcoin for short-term cash* loans.

✅ Collateralize any NFT for short-term cash* loans.

✅ Choose your loan terms.

✅ High APY% opportunities for lenders on USDT, USDC, DAI.

✅ Maintain tier & staking rewards while altcoin staked for loans.

✅ Limited time, strategic partner staking pools to earn $GOV.

✅ PLUS + + other cool DeFi benefits in the GovWorld ecosystem.

🚀🚀 *USDT, USDC, or DAI

Unlock Your Potential!… 🙌

Website: https://www.govworld.io/