If you haven't gotten involved in DeFi yet, check out Yield Bank

Discussion in 'Crypto Assets' started by Cryptotree, Dec 12, 2020.

  1. This is one of the newer DeFi projects in the space but worth looking into imo. It's classic DeFi so the entire project revolves around smart contracts, but they have a really solid platform that lets you interact with the contracts.

    Essentially there are 2 tokens, the yB token and the yCASH token, and you can earn passive income through staking. There are several ways you can do this- staking UNI-V2 tokens from Uniswap after adding liquidity, or you can just stake the yB token directly.

    I've been following the project for a bit now so I may be able to answer any questions you may have about it, or you can just look on the website or Telegram.
     
    Last edited: Dec 12, 2020
  2. Cuddles

    Cuddles

    Cliffnotes on "DeFi"? I keep seeing the term thrown around but reads like some buzzword for something I'm already familiar with.