YFDAI Transparency Report for April 2021

4 min readApr 28, 2021

Dear Community,

The 7th monthly unlock from the time-release smart contracts has been completed, please find below confirmation of completed 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 60.32% of the team tokens available will be used to cover the salaries of the team. The Team plan to hold these tokens however any tokens sold will be made whilst respecting the order-book with a maximum amount of $1,000 of tokens to be sold per day per team member.

The additional Devs are taking 50% Tokens which they want to hold, and 50% USDT. The Dev Team plan to hold these tokens however any tokens sold will be made whilst respecting the order-book with a maximum number of $1,000 of tokens to be sold per day per Dev. The token payments for the Dev team totaling 2.9617 tokens will be paid directly to the devs from the Development fund to the wallet addresses detailed in the chart above.

The team will fund the USDT balance of $28,975 using the funds that were obtained by the initial tokens sold to fund the core business as per the following medium article:

https://yfdaifinance.medium.com/dear-community-35e63283e021

A total of 42.34 tokens were sold this month.

Please note that to provide full transparency if at any point more funds are required an announcement shall be made confirming the amount of tokens to be sent to the Market Maker with at least 72hrs notice being given.

Marketing Tokens — Maximum Monthly Allocation 175 Tokens

Last month all marketing Tokens were released from the smart contract as per the Tokenomics. A mixture of YF-DAI tokens and USDT will be used to fund the marketing campaign. The current monthly spend shall be around 40 tokens. Please note that this may not be the final amount used for the month as additional marketing avenues are constantly being added. The remaining tokens not used will roll over for future marketing. Currently there are a total of 472 marketing tokens left over from previous months. For each party who receives tokens there is an agreement in place that not more than $1,000 of tokens can be sold in a 24hr period and with a maximum slippage/price impact of 2% to be respected. Staking has also been offered to our partners with the large majority opting to stake some or all of their tokens. Digital marketing to include YouTube advertising and Banner advertising will roll out soon, so a total of 15 tokens per month is being sold to fund this, with 30 sold thus far. These are being sold with respect to the order-book and liquidity and will not exceed more than $1,000 worth on one transaction.

All marketing contracts are based on a USD amount of YF-DAI, therefore the amount of YF-DAI required per month will decrease as the price of YF-DAI rises. We also have segments of the marketing campaign that will not start until certain milestones are reached.

You will see multiple amounts leave the wallet later today/tomorrow.

Advisor Tokens — Maximum Monthly Allocation 105 Tokens

This month 40.14 tokens will be distributed. Advisors have the option to sell their tokens however there is an agreement in place that not more than $1,000 of tokens can be sold in a 24hr period and with a maximum slippage/price impact of 2% to be respected. Currently there are 336.86 tokens carried over from previous months.

TXIDs for Token transfers from Time release smart contracts

Team & Advisor Tokens

https://etherscan.io/tx/0x95cc9e54c138a806cdd176e030fef0e5ce4dbec2842bfe9a2d3ea8a8f20abf16

Summary

YFDAI has delivered this month on launchpad projects and continues its marketing efforts. There has been an increase in the number of wallets farming, staking, and holding YFDAI.

Wallet Holders

09 October, 920 Holders

09 November, 1880 Holders

11 December, 3631 Holders

09 January, 4119 wallet holders

09 February 5, 438 wallet holders

15 March, 6,189 wallet holders

22 April, 6,362 wallet holders

Staking and Farming

09 October, 217 stakers

09 November, 494 stakers

11 December, 1050 Stakers