We are actively working on Equilibrium v2. ๐๏ธ
That would be the selection of best yield strategies and farms to earn real yield, proxy paid in YEL tokens.
We call it progressive yield. As all the rewards will automatically buy back YEL tokens and pay APY to depositors. ๐
The lending protocol will introduce various opportunities, that have not been discovered within the crypto space yet. We strongly believe it will benefit users, protocols and the network.
It would also create additional yield opportunities for stablecoin strategies.
The platform will be launched as a separate and sovereign project, however within https://t.co/QtVaFSrx95 ecosystem.
YEL will introduce additional strategies, that would work within the Lending protocol and contribute to both parties.
We are exited to announce one of the upcoming updates!๐ฅ
As it was discussed earlier, YEL Finance will launch a Lending platform that will introduce a new approach to liquidity and capital utilization!๐ซ
Please read below for additional information๐
A hot update!โ๐ป
dYEL is ready and just waiting for appropriate market conditions.
Meanwhile team is working on Equilibrium v2 pools ๐
@mr_Pool_Day and @theuknowndev are studying the optimal way for multichain dex that might become a part of YEL ecosystem ๐ก
Building ๐งฑ
A little more insights before the launch ๐
More educative materials are coming along with $dYEL
The team is super excited to introduce the first backed DeFi index , especially at low market ๐
Stay tuned, cause you donโt want to miss that ๐ค
The market seems to be stable in the past week. We survived the UST drama and now volumes and usage is under recovery phase. The right time to launch new products, new tokens, new era for the DeFi space. ๐ฅน๐ช๐ฉโ๐
We just wanted to say that we feel real sorry for anyone got affected by $UST drama. Don't let your heads down! You can overcome this!๐ช
Under current market conditions and volatility YEL team is working even harder to deliver more, better and sooner!
Pluto better then moon๐
$YEL is now available on @avalancheavax
$YEL token on #Avalanche:
๐0xc5e7520432ebdbf0a610287ac45fc231876f5e99
Next steps:
๐Farm for #Avalanche
๐BIG and dYEL multichain
๐Launch
#AVAXBlog#AVAX $AVAX
$YEL is the rewards and governance token. Distribution is active since the IDO in August 2021 and rewards single token stakers and LP providers as well. The interesting part is the finite amount of those tokens across all the chains and that EQ fees will be used to buyback YEL
But the new cool kid on the block will be $dYEL.
Enough for today, if you are interested, smash the follow button and wait for the next thread ๐ฎ
If you enjoyed this thread, like and RT the first post.
Cheers!
Shshshh.....
@avalancheavax network is now available!๐
New staking oppportunities for Yellers ๐ฅ
Get YEL-AVAX LPs at @traderjoe_xyz - number one dex on Avalanche Network.
The party is only starting ๐ซ
New UI is now live for everyone!๐ฅ๐
โ Updated Equilibrium with stats
โ Light and Dark versions
โ Simple navigation
โ Rebuilt wallet connection
โ Optimized speed and loading
โ Just awesome ๐
$dYEL soon๐๐ค๐ช