DUBAI, United Arab Emirates, June 17, 2021 (GLOBE NEWSWIRE) — YeFi.one is a brand-new DeFi undertaking launching its liquidity mining protocol this Friday, June 18th. After the launch, customers can entry YeFi.one platform by 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 property into liquidity swimming pools and earn curiosity towards them. Yefi.one stands out amongst different tasks with its distinctive worth proposition, delivering actual methods to make the most of your crypto capital.
YeFi.one combines the 2 scorching tickets within the blockchain and crypto world – Decentralized information storage and Decentralized Finance. This undertaking exploits decentralized finance to permit customers to maximise returns on their crypto capital whereas supporting their long-term curiosity in decentralized information storage tasks. 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 property. As of at present, BTC, ETH, USDT, FIL and YTA are supported with the goal of integrating the property of different decentralized information storage tasks 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 property.
The full worth locked (TVL) into YeFi.one platform is presently greater than $40 million and the precise person quantity has reached 12,000 folks. Its native token YEFI has proven a 7-fold worth enhance inside solely a month because the protocol went public.
The following step on YeFi.one’s street map is to increase the portfolio of appropriate cryptocurrencies, deploy cross-chain bridges, and add different DeFi features resembling NFTs, lending and borrowing.
YeFi.one has handed a proper safety audit and is now prepared to supply a unbelievable DeFi expertise to a wider viewers of customers. A horny incentive program, hack-proof good contracts, and a rising group of customers are the proper substances for YeFi.one to change into one of many market-leading platforms within the close to future.
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