Yieldification: Pioneering DeFi NFT utility

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

YDF provides 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 permits the proprietor of the NFT to assert the yield generated. The identical NFT might be transferred or bought to a different occasion to successfully switch the possession of the stake, which supplies stakers the chance to regain their principal and even notice income 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 in an effort to offset all emissions created from staking. A few of these utilities embody:

Futures buying and selling lets customers open perpetual lengthy and brief positions towards particular person property 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 numerous property and forms of property instantly with each other with out slippage and with low charges with out having to undergo an alternate, reminiscent of Uniswap, or an NFT market, reminiscent of OpenSea.

The YDF OTC Platform provides two forms of OTC trades:

Swimming pools that operate equally to liquidity swimming pools on DEX swaps, reminiscent of 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 worth set by the pool’s creator at a set worth and with zero slippage.

Packages that enable customers to bundle a number of property (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 generally known as White Labeling.

This technique advantages all events concerned in that the holders of every venture can go to their venture’s trusted web site to make the most of a shared OTC platform between all companions, and each YDF and every partnered venture will share the charges collected from the OTC platform. 

Integrating YDF’s OTC platform has been made straightforward with their custom-built white-labeling course of that lets any venture absolutely customise the OTC Platform integration to incorporate any venture’s emblem, branding, and magnificence desire.

Detailed details about YDF’s OTC White Label Companion Program might be discovered of their newest Medium article.

Be a 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: assist@yieldification.com

Disclaimer: It is a paid publish and shouldn’t be handled as information/recommendation.