YEARNSTACK a platform where anyone can join and earn by there their own choice and experience a…
By: Tradings Expert
Tags: Defi, Blockchain Startup, Yfdai, Blockchain Development, Erc20

YEARNSTACK a platform where anyone can join and earn by there their own choice and experience a single platform with multiple usages. YSFI is based on an old ERC20 smart contract with improved technology which is truly a cutting edge technology.

What is YSFI?

A platform with “Stacking”, “Landing”, “Farming”, “Swapping”, and “Trading” facilities with utilities like “Gaming” and “Reward System”. A chance of earning for everyone in their favourite domain.

Not only based on product by YFSI also interested in Developer and Marketing area, High rewards for all freelancers who help us to grow our family. A simple but straight reward system.

Why we need DeFi?

It is a Decentralized Finance and new for common people but old for businessmen, A simple process where borrower and lander are doing their business but they are not working like the conventional methods. A smart contract is working as a mediator and as we know every smart contract builds on ERC20 is the most secured compare to our traditional money management system.

Tell us more about YFSI.

The way things are, the DeFi environment is incredibly divided. Despite clients needing to locate the best rates among all conventions, they have to get to each convention independently. This prompts helpless client usefulness and botched chances.

Notwithstanding, an incredibly divided EcoSystem is not out of the ordinary given that DeFi is at present in a beginning phase of advancement. Nonetheless, as ventures develop, super applications rise that combine the main administrations and give another degree of client usefulness.

For example, today, Telegram is an application that has submerged itself in each layer of society. It is utilized by world residents to cause installments, to send messages, flag down taxis, use applications, and to get to web-based media. Super applications in the account business, for example, Revolut have been quickly expanding in utilization and prominence. On the head of a magnificent plan, Revolut permits clients to cause stores, to put resources into stocks, and even increase crypto presentation.

YearnStack will be the primary super application for the DeFi space. It will join admittance to loaning, exchanging, and marking into one application. The UI will be intended to boost navigational effectiveness promoting consistent client experience. Whatever a client needs to execute in the DeFi space will be a couple of clicks away.

YearnStack will likewise give novel highlights to clients which will incorporate a P2P credit commercial center, the capacity to make loaning pools, and yield cultivating openings. Clients will have the option to effortlessly move their benefit introduction starting with one position then onto the next.

The accompanying areas detail the YearnStack modules and pinpoint the current issues which the super application is tending to.

Incorporate a synopsis of the rest of the areas which are tended to in list items

Stacking life-cycle

To get a better understanding of protocol workflow, let us consider a life-cycle of contract from beginning to execution.

1. Alice wants to stack 1 ETH. To do that, she needs to deposit 1 ETH into the smart contract (ESC), as YearnStack requires a YSFI to stack on the platform

2. Once deposited, her funds are locked. She can withdraw them after 48hrs to her normal wallet only after the system confirms that.

3. Alice can start earning once she stacked YSFI and the daily interest rate is 0.75%.

4. Alice might see complete details on the dashboard in CTD.

5. Every record is recorded in CTD and for the ledger, you can check “etehrscan.io”.

6. CTD is a complete application with “Stack” “Unstack” and “Claim” option.

7. By clicking on “Claim” or “Unstack” YSFI will be moved to Alice’s wallet directly from the smart contract.

8. Now Alice has her fund and she is the only owner of the fund which is in CTD.

Tokenomics

Total Supply:- 50,000 YSFI

Circulating Supply:- 9,000 YSFI

Fixed Stacking:- 20,000 YSFI

Reserved Supply:- 4,800 YSFI

Locked Supply:- 4,000 YSFI (9 months)

Marketing Supply:- 5,200 YSFI (12 months)

Developer Supply:- 2,000 YSFI (12 months)

AirDrop:- 5,000 YSFI

What is the future plan?

“Gamming”, “Insurance”, “Landing” are some features that we will launch in the future but our main interest is “BlockChain” where anyone starts their work as a developer or use blockchain for service.

Blockchain as a Service is our main goal and we are working for it but we need more people to join us and with the help of them we can make this world a better place for everyone.

Thank You.