Yieldification: Pioneering DeFi NFT utility

Coinscribble / Yieldification (YDF) is a DeFi NFT utility protocol constructing upon each present and new, modern concepts to combine NFTs in numerous methods not seen earlier than. You will note each acquainted ideas carried out in new, helpful, and artistic methods along with model new, modern ideas constructed upon the YDF platform.

YDF presents a novel 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 enables the proprietor of the NFT to say the yield generated. The identical NFT will be transferred or offered to a different social gathering to successfully switch the possession of the stake, which supplies stakers the chance to regain their principal and even understand earnings on their authentic 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 additionally yield-bearing NFTs which are 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 with a view to offset all emissions created from staking. A few of these utilities embrace:

Futures buying and selling lets customers open perpetual lengthy and quick positions in opposition to 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 offered 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) not too long ago launched an over-the-counter (OTC) buying and selling platform that enables customers to commerce numerous belongings and sorts of belongings instantly with each other with out slippage and with low charges with out having to undergo an alternate, akin to Uniswap, or an NFT market, akin to OpenSea.

The YDF OTC Platform presents two sorts of OTC trades:

Swimming pools that perform equally to liquidity swimming pools on DEX swaps, akin to Uniswap, to the place a consumer can create a pool of tokens that different customers can swap a predetermined paired token with the pooled token at a value set by the pool’s creator at a set value 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 an alternative of forcing customers to go to YDF’s web site to make the most of the OTC platform, YDF is partnering with different crypto tasks to combine their OTC platform into different tasks’ personal web sites, generally often known as White Labeling.

This technique advantages all events concerned in that the holders of every undertaking can go to their undertaking’s trusted web site to make the most of a shared OTC platform between all companions, and each YDF and every partnered undertaking 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 undertaking totally customise the OTC Platform integration to incorporate any undertaking’s emblem, branding, and magnificence desire.

Detailed details about YDF’s OTC White Label Companion Program will 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.