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YDragon — a suite of financial products on Binance logo

YDragon — a suite of financial products on Binance

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News

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What is YDragon — a suite of financial products on Binance?

YDragon — a platform that offers you a range of opportunities to own a diverse selection of the most efficient and promising cryptocurrencies with a single token.

Contents:

YDragon — a blockchain platform

About YDragon site

It is an income-backed cross-chain index ecosystem that ensures true compatibility between assets. The YDR is central to the vision and will become central to you through its usefulness and management characteristics. As an investor, you will always have a YDR, which means that you will have the right to influence future decisions on YDragon indices and their assets. Bet your YDR tokens to earn passive income and voice your opinion by voting for the future of YDragon indices and strategies.

Key features:

Cross-chain The YDragon protocol allows you to invest in indices from various blockchains.
Generating rewards Lock your funds in one of the index tokens and place a bet to generate passive income automatically.
Diversification of risks Indices categorize risk into the most performing and most promising tokens.

An index - a fund whose performance tracks a specific basket of underlying investments. The performance of an index fund runs on the collective movement of assets, held in that fund. YDragon will launch with an initial index, the B5 Index on Binance Smart Chain, but the developers have plans to expand the ecosystem to other chains in the near future.

YDragon will create internal advice for making changes to existing indexes and creating new ones. The YDR token will provide governance functions, the holders of which will be able to voice their opinions and vote on these decisions.YDragon

The mint event is simply the period during which the user can purchase shares in the index, which is triggered shortly after the mint event ends. Participation in a minting event gives the user the opportunity to choose privileges exclusive to a particular minting event.

Defi app on social networks

The site has a WhitePaper document. Also, some information is on the main page. The Medium blog posts news articles.

From social networks, the community leads:

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