PolyYeld Finance — the next generation pharma protocol on the Polygon network with many unique and creative features to generate passive income. The team is trying to create a protocol like Yearn, but with a limited supply of tokens and high value for Polygon Network users, LP providers and contributors. A total of 86,000 YELD V2 tokens will be there, which will be minted within 3-4 months.
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Features of the PolyYeld Finance decentralized exchange
YELD V2 Token has a fixed supply of 86,000 tokens. 2,000 V2 YELD tokens will be issued: 1,000 for the compensation program and 1,000 to provide initial liquidity. An online referral program helps to encourage users to refer friends and earn passive income through farming. Referrers can permanently earn 2% of their friends' earnings. Place your YELD V2 bet in your own vault, which automatically increases your rewards on this crypto platform.
When users enter rates on PolyYeld, there is a certain % deposit fee, but unlike other lucrative farms, Poly developers do not plan to use deposit fees for buybacks and burns. Instead, the deposit fees are reallocated among YELD V2 holders to stimulate retention.
The distribution of a deposit commission:
| 1. | 75% of the deposit fee will help to generate income for the launch of YELDEarn. |
| 2. | 25% of the deposit fee will remain for the development team. |
Holders of YELD V2 tokens will be able to stake their $ YELD V2 to earn other rewards such as ETH, WMATIC, DAI, USDC and many more. The 75% placement fees, charged on non-native pools, will help to profit from various lending protocols such as AAVE and reward YELD V2 holders at YELDEarn.
Is dapp safe to use?
The migration code has been removed by YELD. This means that the development team cannot transfer assets or liquidity pools. The decision to remove the migrator code was made to ensure investor and community confidence. You can get more information about the site through the introductory document. There is a general description and a RoadMap section.