Emerging decentralized finance (DeFi) ecosystem, YFDAI Finance, announces the launch of two new services – SafeSwap and Launchpad, both key moves in the promotion of mass growth and adoption of DeFi services.
DeFi is becoming the “next big thing,” in which cryptocurrencies and their underlying blockchain technology deploy for new uses and a widening user-base. Among DeFi’s main selling points is the promise of better alternatives to what is offered in the traditional banking sector, in many cases at a fraction of the cost. Additional advantages include ultra-low barriers to otherwise excluded financial service clients and better investment opportunities with attractive returns in comparison to conventional instruments. All of these aspects of DeFi will exist in a context of enhanced transparency, security, and user control over their funds.
SafeSwap is YFDAI’s decentralized exchange (DEX), created by a fork of the popular Uniswap platform. This DEX enables select crypto projects to list their tokens, provided they meet strict listing criteria designed to protect token investors and issuers alike. A listing on SafeSwap allows budding DeFi and crypto projects to drive widespread adoption and secure much-needed liquidity. To avoid issues arising currently from a more active regulatory environment, SafeSwap’s choices as to many operating aspects will very soon be subject to community governance.
Meanwhile, the YFDAI Launchpad brings new crypto projects to market, providing them guidance and development services from our partners Foundry Incubator, Ferrum Network, Blockchain Consilium, among others. Providing the necessary support to develop projects, YFDAI Launchpad assists their crowd-based fundraising, in partnership with DuckDAO decentralized fundraisers. Participating startups in the Launchpad program will have locked smart contracts created for Uniswap as well as SafeSwap exchanges.
What is YFDAI Finance?
YFDAI Finance is a DeFi ecosystem focused on four key values: accessibility, security, intuitive governance, and trustless protocol. With YFDAI, users anywhere can access DeFi solutions a whole suite of DeFi services including farming, lending, borrowing and staking.
DeFi has been in existence for a few years, but there have been many instances of projects that have failed to deliver on their promises, due to design flaws, bad decisions, and questionable practices. These failures have led to much hesitation in the wide adoption of DeFi. But in spite of the several setbacks, the sector is here to stay, offering compelling value and utility. And YFDAI will lead the way, making it safe and easy for an ever-expanding set of users. Few projects like YFDAI have come forward to improve on existing DeFi business models, and to work tirelessly to reduce, if not completely eliminate, the fear surrounding DeFi solutions.
Apart from DeFi solutions, YFDAI Finance has plans to offer a host of crypto products and services, including an e-commerce platform, debit Cards, a centralized exchange, fiat-to-crypto on- and off- ramps, and trading bots.
To promote trust in our platforms, YFDAI has adopted the highest levels of transparency and security. It has also entered into a collaboration with various leading names in the crypto sector, such as the Crypto Investor’s Protection Alliance (C.I.P.A), DuckDAO, Ferrum Network and the Foundry to ensure that its vision for the future of DeFi becomes a reality.
Learn more about YFDAI Finance at – https://yfdai.finance/