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YFDAI SafeTrade

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 flexibility provides a seamless and stress free trading experience.

Without further ado, we are pleased to announce the Launch of SafeTrade along with our strategic partnership with Stacked Invest. Below, we’ve compiled a brief segment on the details of our new premier trading service.

Stacked is an automated cryptocurrency investment platform that allows you to lease trading bots and connect your long-term holdings to pre-built portfolios.

By linking your existing exchange accounts with Stacked, you get a holistic picture of your holdings and the ability to monitor your different investment vehicles made accessible by the platform.

SafeTrade By YFDAI

SafeTrade offers an excellent opportunity to add an extra passive income stream to your existing portfolio positions. It utilizes various trading strategies to provide you with a stream of residual income.

For starters, YFDAI will launch 2 trading algorithms on the Stacked Invest platform: SafeTrade ETH and Safe Trade BTC. Both will be available to all YFDAI holders alongside the thousands already using Stacked Invest.

Existing as a successful trading platform, our partnership with Stacked Invest allows us to provide a service that is simple and straightforward. In essence, trades are carried out by connecting to your own exchange account via their APIs. This means neither YFDAI or Stacked Invest has access to users funds, giving you complete control at all times.

The monthly cost on Stacked Invest will be $350 per month for access to both the YFDAI ETH & BTC algorithm and will be available to YFDAI holders and the general public.

To receive a discount on these fees, all users (Including Stacked Invest users) will be able to deposit YF-DAI in a Vault for a minimum of 60 days before trading starts. This Vault will be locked for 60 days and will also pay 6% a month interest for 60 days from Vault opening only, or until the total rewards allocated have been depleted.

Please note that the rewards for this Vault will be a maximum of 166 YF-DAI tokens. The 166 YF-DAI tokens are the remaining balance of rewards that were allocated to the old Staking contract that is now closed.

Once the 60 day minimum staking period is completed, you will be awarded an NFT which will provide the following discounts as long as the YF-DAI remains staked.

Stake 3 YF-DAI receive a 80% discount — (Saving $3,360 per year)

Stake 2 YF-DAI receive a 60% discount — (Saving $2,520 per year)

Stake 1 YF-DAI receive a 40% discount — (Saving $1,680 per year)

Stake 0.5 YF-DAI receive a 20% discount — (Saving $840 per year)

The NFT will have a resale value linked to the yearly discount on fees. Those who hold the NFT can either receive the ongoing dicounts, or they can sell the NFT on to other users on the YFDAI marketplace who are seeking to enter the trading Bot’s with a discount.

The 60 day minimum staking period is designed to enable you to follow the Algorithms performance on Stackedinvest.com where you will receive a detailed breakdown of all trades.This will allow users to review the results and see if StackedInvest and the YFDAI trading bots is right for them. The integration of the Bot is currently ongoing and the Bot will be live shortly with results visible in roughly 30 days time and will be open for subscriptions in 60 days time.

While the trading bot has shown great success in a number of trades and extended Backtesting, the risks of trading and investing still apply. Returns and profits are always variable and are not guaranteed, final profit and loss figures will be released soon however both bots are expected to provide average monthly returns in excess of 10% a month (Growth of BTC/ETH/Stable Coin) with very low Drawdown and low risk per trade.

The Vault will be opened by the 18th November 2020 and trading will commence 60 days after the opening of the Vault.

The process to set up an account is very easy. Simply open an account at any of the approved Stackedinvest exchanges, add your funds to be traded (not YF-DAI, usually BTC, ETH, Stable coins) and create an API and link this to Stacked Invest.

Users will have full access to their funds and are free to cease trading and withdraw funds at any time. All trades will be visible, live.

There are 2 sources of revenue from the trading bot that will come to YFDAI. The first is a share of the bot leasing fee, and the second is a referral fee from the platform.

100% of the profits to YFDAI from the $350 bot lease fee will be used for buyback and burn of YF-DAI. The profits will be added to the trading bot and every 3 months 50% of the total balance will be used to buy back and burn YFDAI. The remaining 50% will be traded and compounded ready for the next quarterly burn.

Furthermore YFDAI will provide referral links on the SafeTrade webpage for each of the exchanges offered by Stacked Invest and 100% of the funds received from referrals fees will be used for buyback and burn of YF-DAI. Again, the profits will be added to the trading bot and every 3 months 50% of the total balance will be used to buy back and burn YFDAI. The remaining 50% will be traded and compounded ready for the next quarterly burn.

After the burn process is complete and the total supply of 13,950 has been reached, the income from this service will be allocated as per Governance vote.

Using the referral link will ensure that instead of these fees remaining with the exchange, the fees will be used to reach our burn goal sooner, decreasing the supply, increasing the token value and of course, when governance takes over the community will decide how these fees are awarded.

We understand there will be many questions and more details will be released prior to the release of the Bot’s. As ever transparency and user security is key hence why we would prefer the real live results over the next 60 days be used for users of SafeTrade to base their decisions on.

Final release will be based on successful integration to the Stacked Invest platform and subject to performance during the 60 day live testing.

SafeTrade is yet another service that will be added to YFDAI’s existing suite of DeFi services and tools. It exists within the protocol as a way to give users access to an additional income stream while also following the burning mechanics of the YFDAI protocol. Providing a multitude of tools and services for the YFDAI community is our goal.

We hope you enjoy SafeTrade and all future services that will be coming to YFDAI.

YFDAI Team

Visit us on our website and chat with us on Telegram!

Website

https://www.yfdai.finance

Telegram Community

https://t.me/yfdaifinance

Telegram Announcements

https://stackedinvest.com/

Written by

YFDAI is a community centric, innovative DeFi project developed by the people, for the people.

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