- Private SHO
The protocol, the first of its kind, is designed to simplify the creation of investment strategies for Yield Farming and Lending. It allows the easy automation of investment strategies while maintaining full custody of the funds by the end-user.
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What is Yield Protocol (YIELD)?
Yield Protocol lets anyone deploy algorithmic DeFi Strategies in an open-source platform that allows anybody to create and execute Yield Farming and Lending strategies within the Ethereum DeFi ecosystem.
The first product built on Yield Protocol is YieldShield.com
YieldShield is an algorithmic DeFi farmer that began its development in September 2020. It applies the data analytics standards of the multi-billion dollar high-frequency trading to DeFi farming.
This allows for maximum profits on yield farms, in deposited currency functions through a dedicated smart contract for each user's risk shielding through a stop-loss function on farms. YieldShield allows every user to create a unique smart contract for themself, with each smart contract also acting as a dedicated Robo-farmer. The smart contract is also custom-built according to the risk-preference of the user. The contract immediately adjusts to higher profiting farms, is not shared with other users (increasing security), and builds a stop loss function for farmers.
What is Yield Protocol (YIELD) marketing strategy?
The global Robo advisory market size was valued at $4.51 billion in 2019 and is projected to reach $41.07 billion by 2027, growing at a CAGR of 31.8% from 2020 to 2027. In 2020, the industry reached $1.4trn in Assets Under Management.
Yield Protocol is targeting crypto savvy users and DeFi traders around the globe, with the goal of capturing a fair market share.
The project will focus primarily on DeFi users, building up a strong community, while partnering with top industry players in different regions. All these together, along with the Public Sale will raise the awareness of Yield Protocol.
In this phase, the team will develop and launch several products on various Networks (BSC, Avalanche, PolkaDot, etc.), targeting a wider crypto audience, growing user base and increasing the critical mass.
Ramp up phase, through intensive marketing campaigns, PR, KOLs and Partnership. Yield protocol will scale-up user acquisition, making the company profitable and sustainable in the long term.
What makes Yield Protocol (YIELD) unique?
Yield Protocol brings Robo-advisors to the DeFi space, letting anyone create and automate investment strategies such as Yield Farming and Lending, in a non-custody environment.
There is a set of smart contracts that were created to enable it:
1. Factory Smart Contract - The factory smart contract is owned by the strategy creators (YieldShield), this contract:
a) creates a personal contract
b) keeps addresses of personal contracts
c) Keeps addresses of investing contracts
d) keeps whitelisted pools and tokens
2. Personal smart contract - This is deployed by the user, and their address is the only one that can withdraw the funds from it. The Personal contract receives commands from the Factory contract on where and how much of the funds should be invested in a farming pool and sends those funds through another smart contract - the Investing Contracts, that automates several actions.
3. The Investing Contract - This contract is made in order to automate several actions - Buying the necessary tokens, adding liquidity to the AMM pool and staking the liquidity tokens on farms. Those actions usually require between 5-7 separate transactions. The investing contracts aggregate those transactions together, making it more gas efficient and more user-friendly.
4. The pool contract - The pool contract is designed to allow products and communities to invest together, and save on gas costs. The pool contract will have set parameters, such as Farming strategy, Time limit, Min/Max investment, and other parameters that will allow users to invest in the same strategy and save a lot of money on gas fees.
What is Yield Protocol (YIELD) roadmap?
What are Yield Protocol (YIELD) revenue streams?
What technologies Yield Protocol (YIELD) created and used?
Yield Protocol uses the Ethereum blockchain as the core network, which has the highest number of DeFi protocols built upon it, hence highest protocol aggregation in order to provide the best APYs to its users.
The team used this high-level programming language for the Factory Smart Contract, Personal smart contract, The Investing Contract, and The pool contract.
These are collections of libraries that allow you to interact with local or remote Ethereum nodes using HTTP, IPC or WebSocket, allowing users to interact with the platform seamlessly.
What is Yield Protocol (YIELD) tokenomics?