Coinscribble/Yieldification (YDF) is a DeFi NFT utility protocol that builds on both existing and new innovative ideas to integrate NFTs in a variety of ways not seen before. You will see both familiar concepts implemented in new, useful and creative ways as well as brand new innovative concepts built on the YDF platform.
YDF offers a unique spin on staking that allows users to earn returns by locking their YDF tokens. YDF extends this widely used concept with the addition of an NFT as the “certificate” or “receipt” of the wagering deposit. This NFT contains the keys and all metadata of the stake that will allow the owner of the NFT to claim the generated revenue. The same NFT can be transferred or sold to another party to effectively transfer ownership of the stake, giving strikers the opportunity to recover their principal or even make a profit on their original investment without having to wait for their stake to be settled. unlocked. This creates an entirely new market for not only the YDF token, but yield-bearing NFTs that generate returns over time.
Staking was one of the most important utilities that YDF provided from the very beginning at launch, but they build in revenue-generating utilities above and beyond to offset any emissions caused by staking. Some of these utilities are:
Futures trading allows users to open perpetual long and short positions against individual assets and custom indices of popular asset pairs for which the platform collects fees and serves as a counterparty to traders. Similar to staking, open positions are shown with an NFT that can be transferred or sold if the owner so chooses.
YDF’s bespoke NFT marketplace supports users who trade their stake NFTs along with other NFTs in the ecosystem for which the platform collects fees as revenue.
Yieldification (YDF) recently released an over-the-counter (OTC) trading platform that allows users to trade different assets and types of assets directly with each other without slippage and at a low cost without having to go through an exchange such as Uniswap, or a NFT marketplace, such as OpenSea.
The YDF OTC platform offers two types of OTC transactions:
Swimming pools which operate similarly to liquidity pools on DEX swaps such as Uniswap where a user can create a pool of tokens where other users can trade a predetermined pegged token with the pooled token at a price set by the pool creator at a fixed price and with zero slippage.
Packages That allow users to bundle multiple assets (ERC20 Tokens and NFTs) together to make one simple transaction.
The main difference that separates YDF from other platforms is that instead of forcing users to visit YDF’s website to use the OTC platform, YDF collaborates with other crypto projects to integrate their OTC platform into other’s own websites. projects, commonly known as White Labeling.
This strategy benefits all parties involved because the holders of each project can go to their project’s trusted website to use a shared OTC platform between all partners, and both YDF and each partner project will receive the fees charged from the OTC platform are collected, share.
Integrating YDF’s OTC platform is made easy with their bespoke white labeling process that allows each project to fully customize the OTC platform integration to incorporate each project’s logo, branding and style preference.
Detailed information on YDF’s OTC White Label Partner Program can be found in their latest Medium article.
Join YDF
Website: https://yieldification.com/
Platform: https://app.yieldification.com/
Documentation: https://docs.yieldification.com/
Twitter: https://twitter.com/yieldification
Telegram: t.me/proceeds
Email: support@yieldification.com
Disclaimer: This is a paid post and should not be treated as news/advice.