The YieldRise protocol — a decentralized cooperative income platform that is constantly growing in profitability. Users can participate as participants in the protocol and receive constant profit from their crypto assets. Each participant increases the size of the profitability of the protocol, which, in turn, increases the income for the participants in the protocol.
Description of the YieldRise project
Currently, the YieldRise protocol consists of EVM-compatible smart contracts. The contracts are called "Treasury Contracts" and deal with everything from the collection of dues to the generation of revenues and the distribution of rewards. The current latest version of Treasury - the first version,, deployed on the C-Chain Avalanche network. At the moment, there is no token for the project. Currently, 10% of all proceeds go to the wallet to fund protocol development and future DAO efforts.
Why should you trust this project:
| 1. | Each contribution to the protocol leaves a small percentage of its contribution to ensure the growth of the protocol for current and future contributors. |
| 2. | With the ability to stake in stablecoins, you don't have to worry about extreme market volatility while depositing. |
| 3. | There is no need to buy any additional project tokens to get started, all you need is some AVAX or any other approved tokens to get started. |
A treasury contract can generate income for a variety of crypto assets such as AVAX, BTC, and DAI. Participants can bet on these assets and receive income from the same asset and even more.
Vaults
Each station deals with its own crypto-asset and generates income for the contributors of said asset. Each station consists of three vaults: cold, hot and yield vault. Cold Vault is the "eternal" part of the protocol, this storage will be profitable even if each participant stops contributing and exits the protocol.
The hot vault — where current contributions are deposited and withdrawn. When a new contribution is made, 75% of the contribution is kept in storage, which is also used to generate income for the participant and the protocol. As soon as the depositor decides to stop his deposit, his cryptocurrency is withdrawn and sent back.
Yield vault — where income is collected and stored. Once the protocol has generated a return for contributors, the income is placed in a yield store, from which contributors can exit at any point in time.