Introduction To YEARN FINANCE ONE (YFiONE)
The YFiONE envisions an ecosystem of several Defi applications (Defi dApps) built for usage by both the YFiONE team of the YFiONE project and the decentralized community of YFiONE product users.
With that said, YFiONE Finance is a community driven DeFi-project, orchestrated to build decentralized products, with the aim of producing real Defi values to improve the YFiONE ecosystem for the community and its users.
YFiONE is dedicated to systematically produce new Defi products with the team acting as an ad-hoc enabled squad who will help develop, market and launch these Defi products to help grow its biosphere while simultaneously delivering desirable gains to the community, project and users.
YFiONE can also be described as a decentralized venture capital (DVC) which empowers a decentralized interest-free financial ecosystem by building Defi products invested in by its community with the aim of distributing revenue as profit shares (rewards) to stakeholders.
The YFiONE Ecosystem will be a home to a variety of unique decentralized finance products. The YFiONE products will be linked to its token, the YFONE Token, in the quest to re-create the true meaning of decentralized finance.
The YFONE token’s major use case will be as the only governance token for each product which will give holders a claim over the revenue generated by those products. It will be a platform for staking YFONE tokens while the YFiONE team builds the marketplace and subsequently, the holders benefit immensely just from holding the token.
Defi General Problems
One might have thought that the recent increase in scam rates of Defi projects might be a major problem hindering Defi products or services from scaling higher and going mainstream. However, it is not a major problem nor is it the reason why Defi projects haven't gained so much acceptance even though they have gained much attention. All that notwithstanding, scams by projects/teams are definitely problems of Defi and we have seen a lot of cases where projects dump tokens on their communities/token holders, and exit without fulfilling promises made.
As soon as Defi made the headlines for better use cases of blockchain technology utilizing the Ethereum ecosystem, most people jumped into it without thorough understanding as to what they could achieve. Projects rose up to make quick bucks. We saw cases of CEOs leaving the projects after exit scams. What could have been the most spectacular experience for communities and cryptocurrency investors became what investors saw as fuzz. Instead of building solutions using Defi to sustain a scalable ecosystem, they generated problems that the YFiONE project intends to solve.
The YFiONE Project Solutions
There are so many questions to ask as regards why Defi projects can't really sustain themselves with the increasing downtrend of their tokens despite the huge Defi hype and being listed on top exchanges. However, the real question is how many developers/projects are really building blockchain solutions to improve the way decentralized financial products exist? Projects and their developers are meant to ensure seamless utilization of these applications for users to integrate them into their business thereby unleashing the full service scale of Defi.
The main hindrance leading up to Defi’s inability to get mainstream attention is the fact that projects are not building intuitive Defi products that can be used even by newbies on blockchain to witness the full potential of decentralized finance and growth. The YFiONE team is bringing a solution to this by creating diverse Defi products that will increase the values of both the Defi and YFIONE ecosystems. This solution will empower you to benefit from simply holding the tokens while the projects grow via the numerous decentralized finance products.
YFiONE SOCIAL MEDIA:
??WEBSITE: https://yfione.finance
??GROUP: https://t.me/YFI_ONE
??CHANNEL: https://t.me/YFIONE
??TWITTER: https://twitter.com/yfione
??GITHUB: https://github.com/YFIONE
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