YFarm is known as the DeFi App, which is technically supported by Sushiswap and Kimchifinance with smart contracts.
Contents:
Description of the YFARM project
Move tokens between blockchains effortlessly without relying on a central custodian. Best New Transaction Technology - YFFS leverages the latest research in Multiparty Computing (MPC) and Threshold Signature Cryptography (TSS).
Stake Tokens allows you to hold your tokens in order to receive a reward for every swap transaction you help to sign along with the open source node code.
Some features:
| Firstly | Bet your asset, using the betting portal. Anyone can become a mainnet validator and share non-inflationary network rewards. |
| Secondly | The vault takes a more proactive approach than just issuing coins for the highest APY (Annual Percentage Yield). With strategies, it can grow coins with higher returns than simple lending. |
| Thirdly | Profitability is achieved by providing an asset for lending, LP or farming strategies. These are the opportunities that exist in DeFi. Vaults automate these processes and provide the highest available (risk-adjusted) returns. |
Yearn's improvement proposal - how features are added to the yearn ecosystem. Users launch the proposal on the forum, discuss it and rate the mood if the proposal is accepted. If many users agree with it, then it can be posted online for everyone to vote. Put your YFFS and then you can cast your vote, which is in the thread on the voting control panel.
YFаrm is the DeFi App, which the Sushiswap supports with the smart contracts technically:
- YFarm token: token contract;
- FarmOwner: LPs deposit tokens for the YFarm token farm.
Reward allocation: 0.3% of all trading fees in any pool go to the pool's liquidity providers. 10% of each YFarm token distribution - for development and future iterations, including a safety audit.
Additional information
There is practically no information on the site about the project and in particular the WhitePaper document. However, the developers maintain a blog on the Medium platform, where articles about the development of the platform are available. Also, subscribe to social networks:
- telegram channel;
- twitter.
This way you can communicate with other participants and keep abreast of news.