Coinscribble / Yieldification (YDF) is a DeFi NFT utility protocol constructing upon each current and new, progressive concepts to combine NFTs in varied methods not seen earlier than. You will notice each acquainted ideas carried out in new, helpful, and inventive methods along with model new, progressive ideas constructed upon the YDF platform.
YDF affords a singular twist on staking which permits customers to earn yield when locking their YDF tokens. YDF expands upon this generally used idea with the addition of an NFT because the “certificates” or “receipt” of the stake deposit. This NFT holds the keys and all metadata of the stake that permits the proprietor of the NFT to assert the yield generated. The identical NFT could be transferred or bought to a different social gathering to successfully switch the possession of the stake, which provides stakers the chance to regain their principal and even notice earnings on their unique funding with out having to attend for his or her stake to unlock. This creates a model new marketplace for not solely the YDF token but in addition yield-bearing NFTs which might be incomes yield over time.
Staking was one of many core, delivered-at-launch utilities YDF had from the start, however they’re constructing in revenue-generating utility above and past as a way to offset all emissions created from staking. A few of these utilities embrace:
Futures buying and selling lets customers open perpetual lengthy and brief positions towards particular person belongings and custom-created indexes of standard asset pairs that the platform collects charges and serves because the counterparty for merchants. Much like staking, open positions are represented with an NFT that may be transferred or bought ought to the proprietor select to take action.
YDF’s custom-built NFT Market helps customers buying and selling their stake NFTs together with different NFTs within the ecosystem to which the platform collects charges as income.
Yieldification (YDF) just lately launched an over-the-counter (OTC) buying and selling platform that permits customers to commerce varied belongings and varieties of belongings immediately with each other with out slippage and with low charges with out having to undergo an alternate, resembling Uniswap, or an NFT market, resembling OpenSea.
The YDF OTC Platform affords two varieties of OTC trades:
Swimming pools that operate equally to liquidity swimming pools on DEX swaps, resembling Uniswap, to the place a person can create a pool of tokens that different customers can swap a predetermined paired token with the pooled token at a worth set by the pool’s creator at a hard and fast worth and with zero slippage.
Packages that permit customers to bundle a number of belongings (ERC20 tokens and NFTs) collectively to make one easy commerce.
The important thing distinction that separates YDF from different platforms is that as a substitute of forcing customers to go to YDF’s web site to make the most of the OTC platform, YDF is partnering with different crypto initiatives to combine their OTC platform into different initiatives’ personal web sites, generally generally known as White Labeling.
This technique advantages all events concerned in that the holders of every mission can go to their mission’s trusted web site to make the most of a shared OTC platform between all companions, and each YDF and every partnered mission will share the charges collected from the OTC platform.
Integrating YDF’s OTC platform has been made simple with their custom-built white-labeling course of that lets any mission absolutely customise the OTC Platform integration to incorporate any mission’s emblem, branding, and magnificence choice.
Detailed details about YDF’s OTC White Label Companion Program could be discovered of their newest Medium article.
Be part of YDF
Web site: https://yieldification.com/
Platform: https://app.yieldification.com/
Documentation: https://docs.yieldification.com/
Twitter: https://twitter.com/yieldification
Telegram: t.me/yieldification
E-mail: help@yieldification.com
Disclaimer: This can be a paid submit and shouldn’t be handled as information/recommendation.
