DUBAI, United Arab Emirates, June 17, 2021 (GLOBE NEWSWIRE) — YeFi.one is a brand-new DeFi mission launching its liquidity mining protocol this Friday, June 18th. After the launch, customers can entry YeFi.one platform by way of totally different crypto wallets and commerce YEFI tokens freely on PancakeSwap.
YeFi.one is an open-source DeFi protocol that enables customers to deposit crypto belongings into liquidity swimming pools and earn curiosity towards them. Yefi.one stands out amongst different initiatives with its distinctive worth proposition, delivering actual methods to make the most of your crypto capital.
YeFi.one combines the 2 sizzling tickets within the blockchain and crypto world – Decentralized information storage and Decentralized Finance. This mission exploits decentralized finance to permit customers to maximise returns on their crypto capital whereas supporting their long-term curiosity in decentralized information storage initiatives. With enticing rates of interest, customers will likely be incentivized to carry cash like Filecoin, YottaChain, Chia, Swarm, Dfinity, and so on. within the liquidity swimming pools of the YeFi.one protocol. This DeFi mannequin promotes the event of decentralized information storage ecosystems and helps the long-term worth progress of associated belongings. As of right this moment, BTC, ETH, USDT, FIL and YTA are supported with the goal of integrating the belongings of different decentralized information storage initiatives sooner or later.
Proper from the beginning, YeFi.one was arrange as a community-based platform. Because the group grows, YeFi.one permits customers to extend their liquidity mining energy (“quantum energy”) with out having to deposit any extra belongings.
The whole worth locked (TVL) into YeFi.one platform is presently greater than $40 million and the precise consumer quantity has reached 12,000 folks. Its native token YEFI has proven a 7-fold worth improve inside solely a month for the reason that protocol went public.
The subsequent step on YeFi.one’s street map is to increase the portfolio of appropriate cryptocurrencies, deploy cross-chain bridges, and add different DeFi capabilities resembling NFTs, lending and borrowing.
YeFi.one has handed a proper safety audit and is now prepared to supply a incredible DeFi expertise to a wider viewers of customers. A pretty incentive program, hack-proof sensible contracts, and a rising group of customers are the proper elements for YeFi.one to turn into one of many market-leading platforms within the close to future.
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