Yield Protocol Fundamental Analysis

As the 21st century progresses, so do the multitude of ways to earn money and be successful. To this end, Decentralized Finance or DeFi had gained massive popularity. This new platform called Yield Protocol is at its core, a toolkit designed to facilitate investors who are interested in Yield farming. Like all such platforms, Yield protocol also utilizes cryptocurrency. Etherium, to be exact. Etherium is a type of crypto that is currently very highly valued. Cryptocurrency is the new gold. It has tremendous monetary value, at least much more than paper money (also called fiat money). This platform takes this to another level, helping customers to farm and harvest their own cryptos and then exchanging them if and when the new crypto coin appreciates rapidly. This type of crypto trading is relatively new but has managed to gain significant ground. Hence the reason for its early success. 

Now, Yield protocol has also moved to expand its footprint by integrating better and more complex blockchain networks, the latest being Polygon. Apart from this, the yield network also supports Binance, Smart chain, and Avalanche networks.

Yield Protocol Features:

Yield farming is the practice in which individuals lend cryptocurrency to one another. Alternatively, one can think of it as using crypto to grow or “farm” more crypto. It is a platform that allows interested individuals to formulate business and finance strategies that other people can also benefit from. However, no user will have access to the other’s personal funds.

When signing business contracts, there is a certain risk always involved. Yield Protocol attempts to minimize that risk. Of course, risks cannot be completely eliminated however by simplifying the contract, they can be somewhat reduced. 

The platform is free of cost, permissionless, and open. Anyone can sign up and become a part of the network. It offers everyone the equal chance to formulate and build their own and unique business strategies while protecting individuals’ funds.

Another feature is that Yield Protocol places great emphasis on equitable asset distribution. Since all deposits are placed onto a shared pool, they are spread out evenly into smart contracts thereby bypassing all methods through which these shared pools could be exploited or taken benefit of.

Apart from this, real-time price monitoring and Quality assessment also take place on this platform. This is crucial for building customer trust as it ensures transparency and reliability. Since crypto platforms are still not quite popular in some regions, such steps to promote transparency and visibility will boost public confidence in these platforms and encourage them to engage with them. 

Yield Products: 

Yield has introduced several unique products for its customers. One of which is the Yield Shield. Previously, it was thought that the scope of yield farming was limited but now, owing to its smart contract policy, the scope has become much broader and now includes all members of the public. Anyone with an interest in farming can get linked up to the platform.

The smart contract is called robo-farmer that while staying within the risk parameters, automatically sells the customer’s crypto yield to enhance and multiply profits. 

After expanding into Polygon, five new products have also been launched which are; DYP staking, DYP Buyback, DYP NFT, DYP tools, and DYP Farming. DYP has made waves in the history of DeFi spaces by being the first and only platform to reward users in terms of Etherium coins.

1. DYP Farming:

It allows individuals to provide liquidity to the shared pools. Ever since its inception, DYP Farming has reimbursed about $30 Million to liquidity providers. 

2. DYP Staking:

Allows Polygon users to add their daily rewards to the shared staking pool because it has the reinvest option. It also helps individuals to start earning DYP rewards by staking DYP tokens. 

3. DYP BuyBack: 

It allows Polygon users to earn 100% APR by depositing one of the supported assets into the buy-back contract. Hence, rewards are automatically distributed and can be claimed daily. 

4. DYP NFTs: 

It is a marketplace that allows traders to mint, trade, feature, and sell their creative work to the network of users on Polygon in return for nominal fees. 

5. DYP Tools: 

They provide more advanced features such as DYP lockers, Decentralized score, unique community trust vote system, and LaunchPad, etc.  

YIELD Tokenomics: 

YIELD is the major and native token of the yield Protocol platform. All transactions are carried out using this particular token. Although the platform charges nominal fees from individual farmers, it can be reduced or even made net zero. The net supply of YIELD tokens is about 2 Billion. Users also claim a large percentage of the rewards in the form of YIELD tokens. While some rewards are claimed in the form of LP tokens and to a lesser degree, in Native tokens. All harvest assets are converted into either LP tokens or YIELD tokens by the Smart Contracts. Yield Shield fees on these tokens range from 0-5% but if harvested assets are provided as it is, then fees increase to 10%. 

Conclusion : 

Crypto-based trading has increased tremendously in the past few years. From housewives wanting a bit of extra income to businessmen looking to milk more profit, crypto has attracted everyone and the like. Since it is so profitable, everyone wants a piece of it. Yield Protocol attempts to provide customers with exactly that. Crypto farming, while somewhat lucrative, also has great risks attached to it, similar to any other business venture. Only in the ideal scenario would one expect a risk-free business environment. Individuals who farm and harvest crypto go after big rewards but also stand to lose a lot. For instance, they could lose a great deal of revenue if harvested tokens lose their value or if they get caught up in a scam or a fraud. Hence, it is important to tread sensibly. Some argue that since Yield farming focuses on gaining the maximum profits possible, it is better and more secure than staking which simply entails assisting a blockchain network to remain secure. This does not take away from the fact that the risks associated with yield farming are still very, very real. However, as one would argue, there are no rewards without risks. So would it be not better to take a little bit of a risk when the rewards are so huge? 

Ever since the expansion of this platform into Polygon, it has grown tremendously with its MATIC token currently boasting a market capitalization of $7 Billion which was only about $100 Million at the start of this current year. Such platforms can dispel negative notions about crypto trading and encourage more people to invest in it as a means of earning quick and enormous profit particularly those who dislike the usual, daily labor of going to work in cramped office spaces and working as a subordinate. More and more people are now preferring to get rich quickly and crypto offers them the opportunity to do just that. Platforms such as Yield Protocol are making it easy for consumers to realize their dreams.