Introducing Yield Maker : Next-Gen of Advanced Yield Farming
Despite the blinding speeds of innovation in the DeFi space, advances in technology often outpace the equally crucial improvements in user experience resulting in entry barriers and adoption hurdles. Our team at YIELD MAKER believes that investment opportunities should NOT be reserved only for tech-savvy crypto enthusiasts but for everyone.
YIELD MAKER provides a cross-chain token with all the goods of a stablecoin plus continuous yield farming with diversified DeFi product risk and lower yield farming fee. Additionally, it requires no more lock-up! Simply put, YIELD MAKER aims to improve the usability of DeFi products and make the process as convenient as possible so everyone can participate.
Recognizing the Problem:
Today DeFi protocols are offering different ways of generating yield to crypto enthusiasts. With the growth of Defi products, crypto owners can now earn decent returns on their holdings. However, the current market landscape has a few pain points that need addressing:
- Fragmented market
- High gas cost
- Unfriendly user experience
- Locked up fund
Providing the Solution:
YIELD MAKER issues YUSD Tokens backed by stablecoins and searches for the best transaction fee-adjusted yield for your backing stablecoins. With YUSD Tokens, users do not need to go through the tedious process of locking/unlocking and switching in and out of different DeFi products to generate yield. YIELD MAKER will do everything for you automatically and continuously. The process is transparent to users, and they will see their wallet balance growing to reflect the interest earned. Since YUSD Token is pegged 1:1 to the underlying stablecoin, YUSD Tokens have the same value as the underlying stablecoins and can thus be used as a medium of exchange.
Apart from automating the yield generation process, YIELD MAKER offers other advantages that users cannot enjoy if they do it on their own:
- Lower Gas Costs per User: Since YIELD MAKER pool assets together and move funds in one single transaction, the average cost incurred per user is lower
- Risk Diversification: YIELD MAKER can diversify specific smart contract risk by allocating the pool of assets in different DeFi products, whereas it is not cost-justified for individuals to do on their own
- Nice User Interface: YIELD MAKER provides a nice user interface to give users a clear picture of how much interest they have earned, how the interest is earned, the allocation of the funds in different pools, etc.
Why choose YIELD MAKER ?
YIELD MAKER is better than existing Yield Aggregators in two perspectives:
- No Locking: YIELD MAKER has a different interest distribution mechanism from existing yield aggregators. The yield generated in YIELD MAKER is distributed in the form of YUSD Tokens. As seen in normal yield aggregators, deposit tokens with a changing value cannot be used as a medium of exchange, and thus your funds will be locked up while earning interest. But in YIELD MAKER , 1 YUSD is always equal to 1 USDC/USDT, and thus YUSD can be spent the same way as USDC/USDT. YIELD MAKER will provide use cases (e.g., trading on centralized and decentralized exchanges) for the YUSD TOKEN. In other words, users do not have their funds locked up. They can trade while earning interest in between.
- Cross Chain: Current yield aggregators are limited to Ethereum based products, while YIELD MAKER targets to work cross-chain to look for the best yield after cost on different Defi Protocol cross-chain.
Summary: With the growth of the Defi space and cross-chain interoperability, we believe the traditional interest rate model will be replaced by a much more cost-effective and efficient model implemented in DeFi. YIELD MAKER strives to make the whole process of yield generation easy and convenient for everyone.
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