Exits With Benefits: YELD — An Overview of a Yield Farming Protocol
A New DeFi Project With a Twist — The Benefits for Sticking Around
The YELD DeFi protocol requires that one invest in stablecoins in order to participate in the liquidity pool and stake
How Does it Make Me Money?
Profits will increase along with the value of their smart token. The team at YELD is expecting to generate a yield from profits derived from transaction fees and borrowing fees that are derived from a constantly rebalancing portfolio that includes Compound, Aave, Fulcrum, and others.
Classically, DeFi yield farmers stake tokens, realize fees, farm some tokens, unstake their position, and exit the liquidity pool — to yield and farm somewhere else. As with any other DeFi yield-farming project, when someone un-stakes from YELD their stable coin will be returned along with a Smart Token equivalent to a yielded YELD coin. It's estimated that 20,000 YELD tokens are available to yield.
When THEY Leave We Get Value?
YELD has a lot going on, specifically a special process that increases the value of the yield they deliver. This is the YELD “buy and burn” process — something that only takes place when a liquidity pool…