The YOP yield optimization ecosystem aims to solve problems by providing a solution that allows users to interact easily with the best DeFi protocols on leading blockchains from a clean, simple, easy-to-use and educational application.
About the YOP project
Each protocol, included in the YOP ecosystem, will be risk assessed and monitored on an ongoing basis, allowing users to see at a glance how trustworthy a particular protocol is. Users will be able to directly interact with these protocols through YOP vaults, which provide diversified access to multiple DeFi protocols.
Banks use this service to the fullest with depositors' funds. Anyone can become a lender to earn interest on their assets, and this process can be done through credit pools, the offices of traditional banks. Lending through DeFi protocols provides full transparency and also provides very high processing speed for loan disbursement. Protocols include Compound and Aave on Ethereum and Tranquil Finance on Harmony.
Staking features:
| 1 | Staking - a new mechanism for generating income from assets in the blockchain. The process involves “locking” part of the tokens for a different period - as a way to protect or contribute to the blockchain network or protocol. |
| 2 | Thus, stakers are rewarded - usually in the form of additional coins. |
| 3 | This is often done by using decentralized Staking-as-Service providers to run "nodes" that secure the network on behalf of users. Examples include Lido and Stakefish which support various blockchain tokens such as Ethereum, Solana and Luna. |
YOP's vision - to serve both existing and new DeFi users and offer an intuitive entry into the world of DeFi and cryptocurrencies. Existing protocols are mostly geared towards innovators – the more technical, existing crypto community – with an unsatisfactory user interface, lack of transparency and little variety, offered in the protocols.
More about defi app
Vaults - the main point of interaction for users within the ecosystem. The exact number of allocated YOPs varies by vault, with higher emissions in new vaults to attract deposits and increase vault TVL. Vaults continually reinvest profits, based on the most optimal rebalancing period. This means that no additional actions are required from the user in terms of: receiving reward tokens from DeFi protocols, converting and reinvesting them.