V2 - Overview
What are Vaults?
Machine gun pool is the process of mining different currencies with the same algorithm, according to the level of real-time mining revenue, automatically switching the computing power to a higher-profit currency for mining, and its value is created for users Higher returns than single currency mining. The reason why it has the name of “machine gun pool” is that this kind of operation is like firing a machine gun, constantly switching.
According to the characteristics of the machine gun pool, the operation of the machine gun pool is to concentrate the computing power in a mining pool. It does not specify which coin to mine, but directly searches for several projects in the same mining algorithm. Which project the computing power is switched to for mining, if the income of this project drops, it will be switched to another project to obtain the best income in the end.
The advantage of the machine gun pool maximizes the user’s income: income is the focus of every investor’s attention. The reason why most people choose to invest in DeFi projects is that their yields are relatively high, and the DeFi machine gun pool can help us maximize the mining revenue. This is because the characteristic of the DeFi machine gun pool is to switch funds to higher-yield DeFi projects for liquid mining based on the level of real-time mining income, providing our investors with higher mining income.
The DeFi machine gun pool of the YFO platform can not only increase our income through real-time switching, but also introduce a half-hour compound interest rule to effectively use funds to maximize our income. (Hourly compound interest is calculated at half an hour. Our investment principal and interest for every half hour will be included in the investment principal of the next hour, and we can enjoy the compound interest every half hour.)
Selected projects: There are a dazzling array of liquid mining projects available in the market, and the most difficult part for our users is to choose the project. It takes a lot of time and energy to choose a safe, reliable, and highly profitable project. In addition, due to the rapid changes in the market, it is easy to happen that when we have studied a new project and are ready to start, the funds have been transferred to the next new project with higher returns, which will cause a certain lag.
The advantage of the machine gun pool is that it can provide a function of asset screening and configuration. Each project will evaluate its safety and benefits to a certain extent. The YFO platform has professionals to conduct research on various projects, select high-yield DeFi projects, and adjust positions in real time to strive for the maximum profit possible for us.
Because of the constant calling of the contract, the platform will charge a fee of 0.3% of the revenue. The purpose is that each step in the DeFi mining requires 1–2 contract calls, and the fee is now a few dollars to dozens The dollar varies, and the entire contract is called once every half an hour. In addition to the GAS fee, the balance will be used to repurchase YFO and OBS Token from time to time.
YFO decentralized lending?
By providing deposit certificate tokens, the same asset is shuttled and reused in different DeFi protocols, thereby improving the efficiency of the use of funds in the financial market several times; it can also be flexible with other DeFi protocols Combination to realize the automated operation of multi-layer, multi-level, complex, and nested financial transactions.
At present, all kinds of lending platforms in DeFi are basically in the mode of mortgage loans, and they are more inclined to the pawnshop model, turning various digital currencies into fixed-value goods, and goods with a mortgage value of 100 get a price of 75 Liquid currency, the act of obtaining currency through currency collateral seems very stupid, but the high mortgage interest rate and the huge return rate in the early stage of the DeFi market attract higher market funds.
DeFi currently resolves mortgages through swap and exchanges, and resolves leverage through the margin system, and finally achieves an operation similar to credit derivatives. Take Bitcoin and Ethereum as examples, on the Binance Chain. For example, if you want to pledge Bitcoin in exchange for Ethereum, you can: Lock Bitcoin in a specific address. At this time, a BTC representing this Bitcoin token will be generated on Binance Chain, and then you can use it on Binance Chain The smart contract mortgages this BTC and generates the corresponding Token; then buys a certain amount of ETH with the Token, and then releases the collateral BTC corresponding to these ETH, and the transaction ends. The whole process is done by smart contracts without human participation. And if you don’t pay it back after maturity, then your collateralized Bitcoin will be gone. The smart contract will be executed when it expires, and the bitcoin that I have pledged will be subject to default processing. This can achieve equal mortgages, but the charm of Defi lies in growth, so over-mortgage is required. In other words, I hope to be able to mortgage 1 Bitcoin, temporarily borrow 2 or even 10 Bitcoins for speculation.
What kind of skills do I need to join your team to contribute to this great project?
YFIONE is a global team, everyone can join the YFIONE community, in the community we hope more People join the YFIONE family. When you hold a YFO Token, even if you join our team, of course We need more people to join, so we can serve as community operators, marketing personnel, technical feedback personnel, etc. Role, if you have a certain ability, please contact our community manager.
What type of cryptocurrency does YFIONE currently accept?
Currently accepting mainstream currencies ETH, BNB, USDT, etc. and YFO, OBS Tokens
How can I invest in YFIONE and make a profit?
The platform provides machine gun pools (vaults), lending, single currency pools and other methods, requiring users to follow the Token required on the website by themselves Kind will get a certain profit.
Why the V2 version can only use the Binance ecological chain?
The machine gun pool is reinvested every 30 minutes, and the gas fee is too high. If the pledge deposit is not enough, the user’s funds will be lost. Therefore, we only launched the BSC ecological chain in the first phase. The Ethereum version requires the BSC version of the YFO-V2 version of the TVL version to be greater than 5 million U.S. dollars before the Ethereum version will be opened. When the reinvestment at a fixed time, when the amount reaches a certain amount, the user can be guaranteed to be on the platform The amount of reinvestment will get the most profit. Therefore, in the first phase, we only open the product area of the Binance ecological chain (of course, it has been developed and is always waiting for updates. The code of Ethereum has been updated on Github).
What does YFIONE stand for?
YFiONE’s vision is to build several decentralized financial applications (Defi-Apps) and then develop and transform these products into Mature projects increase the value of the YFiONE ecosystem. . The YFiONE project and its decentralized team come from different Countries, committed to creating a sustainable Defi ecosystem product through the development and construction of multiple And guarantee the ultimate true value of what the Defi project should be. YFiONE is a community-driven blockchain project designed to Build multiple Defi applications on the basis of the creative and disruptive blockchain Defi platform idea, thus becoming It is the first frontier Defi project.
🌍 Website: https://yfione.org
🐥 Twitter: https://twitter.com/yfione
🔈 Telegram: https://t.me/YFI_ONE
📖 Github: https://github.com/YFI-ONE
