Yumcha Finance produces linked assets (dimSims) that mimic the price of real assets. The collateral helps to generate income from yumcha tokens through a buyback to create an LP to burn.
Contents:
About Yumcha Finance
Each dimSim in circulation is backed by an equivalent value reserve and can be exchanged for a stable cryptocurrency of equivalent value. The reserve is insured against real asset price fluctuations through Perimetry Pty Ltd (based in Australia).
In addition, liquidity providers also earn 0.17% on every transaction. The income, generated from the collateral, helps to provide burnt / blocked liquidity, which continually increases the minimum price on yumcha.
Yumcha tokens receive income from the following sources:
| 1. | Productivity of dimSim reserves from external farms. |
| 2. | Arbitration from minting and redemption of dimSims. |
Yumcha first dimSim is connected to a comprehensive global stock ETF that provides maximum diversification at low costs.
Yumcha phases
Phase 1 Proof of Concept - March 28, 2021 to May 27, 2021. This phase has launched the Yumcha and Masterchef token, as well as ycVT, the first dimSim, connected to VT (Vanguard World Total Stocks ETF). Pancakeswap was selected to provide liquidity tokens, and LP developer tokens were locked on Unicrypt. The developers have tried various anchoring methodologies, including asset-backed and synthetic. There was also a major anchoring stress test that provided valuable insight into optimal strategies. Phase 2 Optimization - May 28, 2021 - Present. Register Perimetry Ptd Ltd to bridge the gap between real stocks and cryptocurrency. Start of crop cultivation with provision for buyback and burning of yumcha + LP tokens. Updated interface to address user-side issues during the POC phase.
Additional data
There is an introductory document on the site. You will find general information and token data there.
The community actively maintains social networks:
- twitter;
- telegram.
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