Yearn Finance Platinum - our future

in GEMS4 years ago (edited)

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Yearn Finance Platinum - our future
With the development of technology, more and more opportunities are opening up for the cryptocurrency world. The relevance of the topic is dictated by the digitization of the economy, as well as other areas of business. The field of decentralized finance began to gain more popularity amid the Covid-19 crisis. Traders can take out a loan or use other services similar to banking, and this does not require filling out and collecting documents.
Yearn Finance Limited Edition is one of the most decentralized open source projects in the crypto space.
The platform makes it possible to participate in profitable farming (Yield Farming), governance vote, lending.

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Users transfer funds to the platform, convert them into local tokens, which are used in other services that provide a fixed income on deposits.
YFPL uses DeFi protocols - a sophisticated protocol that directs liquidity to different sectors of the DeFi space in order to find the best profit.
DeFi is platforms that provide financial services such as lending or deposit opening. Allows users to become lenders / borrowers.
YFI is an ERC-20 token, which is built on the Ethereum Blockchain.
At the same time, Ethereum and other coins are stored on the blockchain, and service developers do not have access to means. YFI can be earned by interacting with the ecosystem, and it is also traded on several exchanges, including Binance and the decentralized Uniswap.

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The asset is distributed only to users. The purpose of the token was to be used for voting, not as a medium of exchange. By interacting with the protocols, you can generate income in YFI. Whenever a user deposits or withdraws funds from this pool, the smart contract checks the annual interest rate.
Users can place bets on their tokens and get rewards from them.
At the moment, participants are finding significant benefits in working with the protocol at fairly low risks. Of course, the source code is open and available to anyone, which guarantees the transparency of all developer actions.
YFPL has many unique properties and features, which lead to several of their advantages and disadvantages.
Platform advantages:
• One of the most promising financial protocols and tokens today
• Large range of decentralized financial services
• Management is completely given to users (token holders).
• Rapid development and growth of liquidity

Minuses:
• Difficulty for beginners to master - only the most general information is given in the documentation, in general, the ecosystem at the current stage is clearly intended for professionals and DeFi enthusiasts
• There is no specific roadmap.

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Also, the Yearn Finance Platinum team consists of experts and programmers who already have experience and are interested in the world of cryptography.
Yearn Finance Limited Edition is a platform in the crypto market that has tremendous potential to evolve in the future and facilitate user interaction with decentralized protocols. Cryptocurrency is the future of humanity, which will soon replace the usual human concepts. This is an alternative to cash, and the development of cryptocurrency is only encouraging. It has many perspectives, and it will be relevant.

Website : https://yfplat.finance/
Telegram : https://t.me/yfplt
Bitcointalk Username: Sophiya
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1775433

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