Wednesday, December 16, 2020

YEARN FINANCE PLATINUM -THE BEST DEFI


 One of the new concepts that has emerged is yield farming. It’s a new way to earn rewards with cryptocurrency holdings using permission less liquidity protocols. It allows anyone to earn passive income using the decentralized ecosystem of “money legos” built on Ethereum. In simple terms, it means locking up cryptocurrencies and getting rewards.

How does yield farming work?

Yield farming is closely related to a model called automated market maker (AMM). It typically involves liquidity providers (LPs) and liquidity pools. Let’s see how it works.

Liquidity providers deposit funds into a liquidity pool. This pool powers a marketplace where users can lend, borrow, or exchange tokens. The usage of these platforms incurs fees, which are then paid out to liquidity providers according to their share of the liquidity pool. This is the foundation of how an AMM works.

Of the yield farming platforms cropping up in recent times, Yearn finance platinum is a unique platform that is not only decentralize but also user friendly and offer a high yield returns due to its deflationary farming protocol.

What is Yearn finance platinum?

Yearn finance platinum provides a deflationary yield farming protocol for a robust user friendly Defi experience. Users of our platform will experience zero-stress with automated DeFi farming for as long as they keep their token frozen. The platform is simple, honest as well as allowing developers to build on top of the platform.

Yearn finance platinum Innovative Features

1. Premine Distribution

Yearn Finance Platinum is premined and distributed fairly to avoid one participant to hold too much or dumping by any of the holders. Additionally, some of the tokens are distributed to the community as bounty and airdrops.

2. Max Supply

Yearn Finance Platinum supply is limited to 3,333 tokens. This is hard coded and no one can alter it.

3. Block Rewards

Yearn Finance Platinum rewards are determined to be deflationary in nature. This is to help price stability and growth. Bonus block reward found in Sushi has been removed and replaced with much more deflationary block reward algorithm where the block rewards will be decreased by 5% on a weekly basis.

4. Locked Liquidity

The initial liquidity provided and unused tokens will be locked for 36 months. This will avoid dumping so investors should be rest assure they are investing in project with them in mind.

5. No Team Token

Yearn finance platinum team has no token allocated to them hence their desire to make this project a success. This action shows the team has no interest in making personal gain from this project.

Tokenomics

§ Name: Yearn Finance Platinum

§ Symbol: YFPL

§ Token Blockchain: ERC — 20

§ Total Supply: 3333 YFPL

§ NO TEAM TOKENS

§ Starting price 1 YFPL token = 1 ETH

The Team

Image for post

1. Tokarev Sergey, CEO, Profession Forex trader and Crypto Adviser, Crypto Investor and Enthusiast since 2017. Location — Dubai, United Arab Emirates.

2. Vaclav Kadlek, DEVELOPER, CO-FOUNDER, Professional Programmer and Developer,

Location — Warsaw , Poland

Yearn Finance Platinum Road Map

For more information, kindly click on the links below:

Tg Group: https://t.me/yfplt

▪️Website: http://yfplat.finance

▪️Twitter: https://twitter.com/YearnPlatinum

▪️Discord: https://discord.com/channels/7784765114 … 1954731061

Author BTT Username: ademicho123

Forum profile link: https://bitcointalk.org/index.php?action=profile;u=1249349

MY ETH ADDRESS : 0xF9F07C0B74680ce2E6742590DA05Ab0ee24bf696

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