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About VyFinance
- VyFi is a Cardano Native Token (CNT) designed for decentralized finance (DeFi) applications.
- The Vy Ecosystem consists of 4 components: Auto-Harvester, DEX, Bar, and LMS.
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Auto-Harvester:
- Manages yield farming/liquidity pool investing across multiple platforms.
- Distributes rewards weekly, with 15% of earnings shared to the VyFi Bar.
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Decentralized Exchange (DEX):
- Allows users to swap tokens across the Cardano ecosystem.
- Hosts pools for staking VYFI to earn other C
About VyFinance: Empowering the Future of Decentralized Finance
VyFi is a Cardano Native Token (CNT) specifically designed to facilitate decentralized finance (DeFi) applications. Our mission is to create a user-centric DeFi platform that caters to both novice and experienced users, boasting an innovative user interface and a distributive mechanism powered by our cutting-edge Auto-Harvester. Leveraging the expertise of a proprietary trading firm, we seamlessly merge cryptocurrency with real-world operations. Furthermore, we prioritize education, providing comprehensive resources to onboard new users into the realm of DeFi.
What sets VyFi apart? VyFi is poised to introduce Auto-Harvesting to Cardano, optimized for maximum efficiency courtesy of our cutting-edge Neural Net. This innovative technology will assess risk across yield farms, leveraging impermanent loss and a self-improving algorithm to identify the most lucrative Yield Farms for Auto-Harvesting. The Vy Ecosystem comprises four interconnected components, seamlessly linked through smart contracts. These components include the Auto-Harvester, the DEX (decentralized exchange), the Bar, and the LMS (Learning Management System). The Auto-Harvester, a sophisticated smart contract, expertly manages yield farming and liquidity pool investments across multiple platforms. Users can deposit their Cardano into our Auto-Harvester, gaining access to a comprehensive dashboard that provides real-time insights into their deposit, current portfolio value, and pending harvest. The Auto-Harvester distributes rewards on a weekly basis, with 15% of all earnings allocated to the VyFi Bar.
Decentralized Exchange (DEX) Our decentralized exchange will facilitate seamless token swaps across the Cardano ecosystem, empowering users to navigate the vast token landscape with ease. Additionally, we will be hosting staking pools, where users can stake VYFI to earn other coveted CNTs. Notably, our primary token distribution method (accounting for 85% of the total supply) will be through yield-farming, a process that incentivizes users to contribute assets to our liquidity pool, thereby fueling the exchange’s growth.
NFT Vaults offer a unique opportunity for users to stake their NFTs in exchange for various tokens. By doing so, the NFTs are locked for a predetermined period, as specified on the Vaults. Notably, this pioneering function was the inaugural feature introduced on our DAPP.
At the core of VyFi’s philosophy lies the conviction that DeFi is designed to transform the world. This vision is exemplified through the provision of a comprehensive Learning Management System (LMS), empowering users with the knowledge to engage with DeFi products securely and confidently. This educational platform offers introductory guidance on navigating the complexities of the crypto market, thereby facilitating a seamless onboarding experience for new users and fostering a community capable of navigating the DeFi landscape with utmost caution.
VyFi Bar users can gain access to the Bar by staking their VyFi, thereby earning a proportionate share of the overall income generated across the Vy Ecosystem. The VyFi Bar’s income distribution mechanism is based on proportional allocation. The Bar’s revenue streams are diversified, comprising 15% of all yields from the auto-harvester, 15% of the income from our proprietary trading firm, 0.05% of all exchanges conducted on the DEX, and 6% of all royalties on NFT sales.
Tokenomics: VyFi’s total supply is capped at 450 million, with 7.15 million available at launch. Initially, a substantial supply will facilitate yield-farming for an extended period, with approximately 85% of the supply allocated to yield farms. The emissions rate will gradually release this supply over a 21-year period.
Deflation: As ownership of the token is the sole means of staking at the VyFi Bar, a built-in distributive income is inherent to holding the token. Furthermore, a percentage of all fees and investment earnings on the site will be utilized to purchase tokens on a weekly basis, thereby driving up the price as the platform gains traction. The payout ratio for our yield farms will decrease over time, concurrently reducing the supply.
The team’s allocation is a modest 2.5%, which is subject to a four-year vesting period.