Yearner Finance is one of Defi's projects that will provide wealth redistribution to its investors

Yearner Finance is one of Defi's projects that will provide wealth redistribution to its investors

Why Yearner Finance?
Depositing money in a DeFi protocol is easy – it's making a choice that is difficult for most beginner users. Interest rates change constantly, so a protocol that yields a good profit today won't necessarily be so lucrative tomorrow. When you invest in DeFi on your own, you have to constantly monitor the yields and move your assets from one protocol to another. But with Yearner Finance, you can relax and enjoy the rewards with minimal effort.

 

It’s a DeFi platform where you can deposit over 10 different cryptocurrencies and enjoy the benefits offered by several platforms, including Compound and Aave. The algorithm distributes your crypto among DeFi protocols to make sure you get the highest profit. Plus, you’ll get yield farming rewards for locking up coins.

 

Yearner is the ultimate connecting link between different DeFi protocols. What's even more important, it's a link between you, the investor, and decentralized finance – as well as between Ethereum-based DeFi and other blockchains.

 

As soon as you deposit crypto in any of the Yearner Finance pools, you start earning interest. That's the protocol's chief goal: to help you earn. Easily, without having to learn the intricacies of DeFi and without moving your coins from one platform to another. Our algorithm automatically finds the investment vehicle with the highest yield.

 

Want to invest in DeFi but don't like the hassle? Yearner Finance is the simple, user-friendly gateway you've been waiting for.

 

Reason 1:

When you invest on Yearner, you ALSO invest on Compound! Our algorithm constantly monitors all major protocols to find the highest interest rates. Sometimes Compound will offer the best rate, sometimes Aave or some other platform. Interest rates constantly fluctuate — and they vary for different coins, too. For example, check out this chart:

 

Reason 2:

Compound started the yield farming trend, and for a while, you could earn really high rewards. Then the rules were changed, and now there are proposals to make it even more complicated to earn and sell COMP — for example, to allow users to claim it in small portions at intervals. In this regard, Yearner Finance uses a more profitable and ‘liberal’ system. The rewards are quite high for all pools, and you can claim your accumulated YFNR whenever you want. You’ll earn more and have full control over your funds.

 

Reason 3:

Higher profits. All the mathematical models we’ve run show that with Yearner Finance, you’ll get a 1.5x to 2.5x annualized yield compared to Compound in terms of lending interest alone. So, for example, you can get up to 15% a year when investing USDT. To this, you should add yield farming rewards, and you get an income of over 100% a year.
Features Of Yearner Protocol:
Automated Investments

Stake and forget: our algorithm picks the most profitable protocol and moves the assets around as yields change. You can relax and watch your YFNR accumulate. It's the ultimate robotic advisor for investments in DeFi.
High Yields

Earn up to 20% with crypto lending plus up to 100% with YFNR liquidity mining. And don't forget about the gains from the rising YFNR price. All that without almost any effort on your part and with thoroughly optimized gas fees.
Liquidity Mining

There are three ways to earn money with Yearner Finance liquidity pools:

1) Yield farming rewards:for every block on the Ethereum blockchain (roughly every 13 seconds), we distribute 10 YFNR. If you deposit at least $100 worth of crypto in any of the pools, you can expect to earn an annualized reward above 50% in YFNR tokens. If YFNR appreciates like most other DeFi tokens do, you overall yield farming profit will be above 100%.

 

2)Uniswap trading fees. You probably know that the transaction fee on Uniswap is 0.3%, which is high compared to centralized exchanges, but these fees are distributed among liquidity providers. So as soon as you join any of our pools, you’ll start receiving your rewards. The more people trade, the more fees will be generated and the more you’ll earn. It’s hard to predict how high trading activity will be, but in many Uniswap pools users earn between 20% and 50% (annualized), and in some the profit reaches 100%.

 

3)Token appreciation. When the price of a token you’ve deposited in a pool grows, you’re making a profit. Of course, you’d also get this profit if you just let the tokens lie idle in your wallet, but we still shouldn’t underestimate this effect. It’s this consideration that made us choose WETH and UNI for our pools — and, as the last few days showed, we were right.

We decided that the Yearner Finance liquidity pools should feature a good balance between stablecoins and fast-growing DeFi tokens. That’s why we chose USDT, USDC, and DAI — they are the most respectable stablecoins in the market, so you can be pretty much sure that you won’t lose your money. At the same time, they are very different.

USDT is the largest stable coin in the world, but it’s centralized and notoriously untransparent. USDC is also centralized, but the issuing company, Circle, follows the principles of transparency, has all the USD collateral stored under custody, and regularly publishes audit results. Finally, DAI is decentralized and backed by crypto, not fiat USD. So if you prefer stable coin Uniswap pools, you’ll have options to choose from.

 

Our first pools will run on Uniswap. In the next phase, we’ll move the liquidity to our own platform (don’t worry, we will warn you well in advance). The pools are:
YFNR — WETH
YFNR — DAI
YFNR — USDT
YFNR — USDC
YFNR — UNI

 

Token details:

Ticker: YFNR
YFNR token fee: 1 ETH = 250 YFNR
Pre-Sale Dates: 19 Nov - 30 Nov
Public Token Sale: 50,000 YFNR
YFNR Contract Address: 0xDddf9BA0E72F078D5EA98BdAdC3492cDf0c6dEa8
Maximum purchase: 50 ETH (min 0.5 ETH)
Set Gas Limit: from 110,000
Receive: ETH

 

Roadmap

Q4 2020
Formation of the team
Smart contract development
Governance research
Q1 2021
YFNR initial emission
Bounty campaign
Launch of the first 5 pools
Liquidity mining starts
Q2 2021
Launching liquidity redistribution protocol
Listing YFNR on at least 2 centralized exchanges
Launch of the decentralized governance portal
First Yearner Improvement Proposals (YIP)
Introduction of the YIP discussion forum
Q3 2021
Creation of the mini-DAO
First YIP polls
Adding new protocols
First mini-DAO vote on a finalized YIP
Research on cross-chain support
Q4 2021
Implementation of the first approved YIP
Listing of YFNR on 2 more exchanges
Work on cross-chain support (DeFi protocols on Cosmos, PolkaDot, TRON, EOS)

 

Read More Here:
Website: https://yearner.finance/
Telegram: https://t.me/YearnerFinance
Twitter: https://twitter.com/YearnerFinance
Instagram: https://www.instagram.com/yearnerfinance/
Discord: https://discord.gg/eYrwNZpnGt
Youtube: https://www.youtube.com/channel/UC6SX_fa5mN8PPJLWXWOTE8Q/featured
Facebook: https://www.facebook.com/YearnerFinance/
Joining the Bounty: https://yearner.finance/bounty

Author: 

Bitcointalk Username: Brigitta Cynthia
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2852199
ETH: 0x2d78c6d1c1eeac16d75d9b59aa6250209595153d