Hello, YFI Community!
Thank you for your patience and our deepest apologies for the lack of updates over the last week. Not to worry, we are here and actively building our platform to be as robust as possible for everyone to stake and reap the benefits of our utilities. The offering is simple, yet effective for those looking to play a major part in Y.Financial.
A BIG Thank You
As you know, we have successfully ended our funding period and are working hard to deliver the next best product. This not only includes the $YFIN token development and staking platform, but also creating our very own holiday for us all to celebrate, together. Our airdrop and TGE was a major success. A BIG thank you to all who participated and we’re excited to announce further campaigns that allow you to earn more tokens while continuing to play an essential role in the DeFi ecosystem.
Working Towards Excellence
Our development team is working long days and even longer nights to create the most efficient transaction process in the ecosystem. We have reduced the processes to obtain the four underlying tokens (via $YFIN) from 9 transactions to 5. Now, we are aiming to reduce it even further to make $GAS fees as efficient as possible. A huge goal is to reduce the transaction process of changing $YFIN back to the core 4 tokens from 5 transactions to 2.
To jumpstart Q4, the latest development of the Y.Financial 2.0 is underway! The platform itself contains stronger security, more robust frameworks, and a much more attractive UI/UX (you asked and we listened). We are creating a more efficient, extendable and secure design for flexibility purposes for higher yield products. On top of this, we will officially release a new index token based on popular NFT’s or, as promised, what YOU want. The implementation of the $YDOT governance token will allow you to cast votes effectively, resulting in your voice being heard on a much larger scale. We’re excited to end 2020 with a bang!
2021 will be a promising year for not only DeFi but definitely for Y.Financial. In Q1 of 2021, our integration with Polkadot will enhance the community governance aspect of $YDOT allowing you to see the community token live and in action. Once successfully integrated within the platform (or perhaps a different Y.Financial index), $Bitcoin will be added to the ETF/index depending on whether you, the people, want the implementation! Diversifying your DeFi experience is just the beginning and saving money in the meantime is an essential part of our roadmap.
The Y.Financial Journey
Speaking of roadmaps… We’d like to proudly introduce you to a visual interpretation of what the ecosystem will be leading up to in the coming months that you can always refer back to and ask questions about.
To stay up to date with what’s happening with the project and our developments, follow our Twitter and our Telegram ANN channel for the latest updates. We also invite you to join our active discussion in our Telegram & BitcoinTalk communities. See you there!
