YEARN LAND REVIEW
INTRODUCTION
Every crypto enthusiast is so much aware of the trend of Defi in the crypto space right now, the word Defi is making everyone to be on their toe now, almost every project wants to incorporate Defi into their ecosystem just to get the attention of the community. It will be of interest to define what Defi is at this point.
DEFI
Defi is used to represent ‘Decentralized Finance’, in other words, it is the shortened of Decentralized Finance. Digital assets, protocols, smart contracts, and dApps built on blockchain are what Decentralized Finance is made up of.
Someone might wonder why we need Defi in the world of cryptocurrencies and blockchain technology now, here is why.
WHY DEFI?
You will agree with me that cryptocurrencies are so much influence by centralized exchanges because they depend on exchanges for their use, Defi is here to ensure that cryptocurrencies have the backing of decentralized exchanges to avoid failure on the part of centralized exchange within the ecosystem.
Since the inception of Defi, we have had numerous projects springing up, I want to introduce to you a project standing tall among Defi projects, it’s a pleasure to introduce to you ‘YEARN LAND’
WHAT IS YEARN LAND?
Yearn Land is built as a Defi yield aggregator for the lending platforms so that during engagement of contract, rebalances for the maximum yield. Yearn Land makes benefit swapping for lending providers, shifting the funds autonomously between dydx, Aave, and Compound. The solution provided by Yearn Land can be referred to as AMM (Automated Market Maker). It will also interest you to know that Yearn Land upgraded the old Yearn making some important adjustments in first layer protocols.
YEARN LAND FOCUS
yVaults:
Its focuses on the farming bot and also designed to boost deposit assets yield and also to minimize risk
yZap:
It allows users to switch between different stablecoins and also save gas fees.
yCover:
It offers coverage for various smart contracts against financial loss.
There is more than Yearn Land has got to offer to everyone in the crypto world, to know more, visit https://yland.finance/
CONCLUSION
Yearn Land is bringing something different to the world of Defi which will be of many benefits to everyone involved.
For more information
Website: https://yland.finance/
Whitepaper: https://docs.yland.finance/
Medium: https://medium.com/@ylandfinance
Telegram: https://t.me/ylandfinance
Github: https://github.com/ylandfinance
Twitter: https://twitter.com/ylandfinance
Reddit: https://www.reddit.com/user/ylandfinance
Author: Dondeon
Profile link: https://bitcointalk.org/index.php?action=profile;u=2756791;sa=summary