With Yearn Finance Bit you can stake, borrow, supply assets and vote.
Deposit of YFBT tokens allows you to stake, borrow and vote.
Yearn Finance Bit2 (YFB2) is the YFBT governance token.
Maximize your earnings with YFB2.
Yearn Finance Bit (YFBT) is a decentralized token under the ERC-20 (Ethereum) protocol. When purchased it allows users to: earn a yield by staking it, borrow assets, and vote in the decentralized YFBT ecosystem on governance issues within the community.
The YFBT staking platform enables investors to earn a yield on the YFBT token by depositing the purchased token on the YFBT website in whatever amount one wishes to stake (deposit.) An Annual Percentage Rate (APR) of 25% is earned on the token’s value, and staked tokens can be unlocked at any time for a fee. In addition to the financial return that is earned stakers are rewarded with the governance token YFB2, which allows voting within the YFBT ecosystem.
Another service in the YFBT ecosystem is borrowing. Borrowers can borrow assets in an overcollateralized (perpetual) way, selecting USDT (Tether), Ethereum (ETH), or DAI, and earn YFB2 as a reward for using the protocol.
Yearn Finance Bit2 (YFB2) is the YFBT governance token designed to maximize earnings within yfbit.finance. To maximize yields, staking (depositing) action is required.
YFBT Staking rewards: YFBT + YFB2 governance token.
YFB2 Staking rewards: YFB2 governance token reward.
YFBT has an APR of 25% on the same token, and in addition to this, you will be rewarded with YFB2. The APR of YFB2 will be publicly voted on the platform, as well as the minimum staking amounts for YFBT/YFB2.
Stakers sign a transaction with their private key that bonds, or delegates their tokens to a validator node.
Validators perform network operations such as participating in consensus or signing in distributed signing groups.
Inflation-funded block rewards and network-based transaction fees are earned in return for good validator performance.
2020 Q2: Yearn Finance Bit YFBT Planning & Development
2020 Q3: YFBT Pre-sale
- YFB2 Pre-sale
- 1° Marketing campaign for Yearn Finance Bit
Exchange Listings at:
- Top CMC Exchange
- Ranking websites
2020 Q4: Yearn Finance Bit launch platform v 1.0
- Staking of YFBT/YFB2
- YFBT Vault
- Expansion to Europe, Asia, and South America
- Listing on top 10 CMC Exchange
- 2° Marketing campaign for Yearn Finance Bit
2021 Q1: Fork of Compound protocol.
2021 Q2: 3° Marketing campaign for Yearn Finance Bit