Is Yield Bank Finance gearing up to be the trusted crypto bank of t...

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The Evolution of crypto

Not so long back in fact just over a decade ago the concept of bitcoin and blockchains was born.
In a short span of time it has evolved into a upcoming industry.

The crypto evolution has seen many developments from proof of work (POW) to proof of stake (POS) technology. Blockchains have come a long way.

The current hot concept in crypto is DeFi

Defi is the next big thing in crypto

In simple terms Defi takes the concept of borrowing and lending to the cypto space.
Here one does not need a traditional bank to borrow or lend neither do the lender or the borrower need to know or trust one another.
Instead the transactions are executed by software code or smart contracts.
These smart contracts are designed with the intent to carry out the crypto financial transactions while protecting the interests of both the borrower as well as the lender.

This would be a simplistic look at the DeFi space and a deeper look would reveal an ecosystem where Yield Bank is working towards becoming a part of the DeFi ecosystem where it works toward the acquiring a largest player in the field and provides a high yield as well as high safety.

The Ecosystem token yB

To implement its vision Yield Bank has introduces its own native token which is deflationary in nature.
The yB token is a stake-able token which can be staked to produce returns.
The yB token can be staked to earn yCASH another token of the Yieldbank ecosystem.
Both yB and yCASH are defamatory tokens.

The way staking works is that one can stake yB tokens and earn yCASH tokens.

What empowers a Yieldbank holder ?

yB tokens being the native tokens of the Yield bank would be the mode of transactions withing the Yield Bank Ecosystem.
Holding yB tokens entitles him to a number which is equivalent to a crypto bank account.
So this means the ability to have a crypto bank account across borders from anywhere around the world mearly by holding the tokens.
This option would take the banking services to the unbanked and provide incredible investment and growth opportunities.
It is such a simple yet empowering solution to one of the biggest challenges of the financial world. That is how to give financial and banking access to the unbanked.
When you say
"A user who holds the yB token gets assigned an account number"
You are empowering him and opening doorways to financial opportunities.
This account number gives the owner access to the Yield Bank Platform.

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From the user dashboard a user can access all the features of the platform.

Theres is a lot more you can do with the yB tokens

A token holder can use his yB tokens to provide IL liquidity and earn rewards in return in the form of the yCash tokens.
yB & yCash would be both deflationary tokens in nature.

yCash algorithm makes it a high supply token and be the high supply market token of the Yield Bank.

The valuation of yCash tokens comes from two types of pools.

One is by way of generic liquidity pools and the other is yCash specific pool.
An important factor that increases the value of tokens is that the yB & yCash tokens would auto buy and get destroyed reducing the supply over time.

This mechanism would provide a price support and avoid any price erosion due to selling pressure by holders.

What can you expect from a Yield Bank

Those coming to Yield Bank with conventional banking ideas can see it just like a conventional Bank account.
A user or account holder would be able to stake the yB tokens.
This is similar to putting your money in a term deposit and earning returns.

In addition account holders can

Trade LP's (liquidity pools) this is like putting your funds in different investment options a bank provides to its customers.

The Yield Bank Finance :A bank as real as it gets

To help a user get a detailed overview and and understanding of his account and transactions a user would be able to access all the info needed to caeet out a transaction such as

Balances
Gas Fee
Transactions Fee
Asset allocation etc
Much like the conventional 401 K account a user can save for retirement in the Yield Bank 401 K account.
However if you are come to Yield Bank from the crypto space you would be excited to find some additional features such as

The Vault

In a vault the fund assignment is governed by a software driven algorithm.
This algorithm determines the most profitable asset class for a user based upon his or her risk appetite.

When the asset class stops performing well or a better asset class emerges then the algorithm is designed to moved the user funds to the better performing asset class.
This can also be seen as an automatic fund manager assigned to your funds.
The idea behind the vault is to provide sustainable returns and be attractive and competitive as compared to other DeFi platforms.

Vault 401

This is a specialized algorithm driven vault to help investors aim to build a corpus that is substantially large and available at the time of retirement. So the asset allocation would be different and in line with the expectations of the needs of the investor who is putting funds in to this 401 Vault.

An internal AMM gives a platform to swap coins
This feature would enable a user to exchange tokens and coins without having to take their crypto holdings out of the platform.
From within the Yield Bank account interface a user would be able to get a detailed overview of his/her account and would be able to view transactions. Generate statements and using the tools be able to do spend and investment analysis.

The Yield Bank Tokonomics

There would a maximum supply of 75000 yB tokens of the Yield Bank Platform

The yCash token is designed to have a much larger supply the major part of it goes as payment towards rewards.

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Considering that the yB & yCash tokens are deflationary in nature and would be periodically burnt could be the much needed trigger to boost the price of the token.