Ever imagined what yield farming with #OrAI would be like? Well, there you have it; AI Yield Farming!
Yield farming using AI services on @oraichain (yAI) is a novel way to earn passive income by providing liquidity and data to AI-powered smart contracts.🧵
yAI is a protocol that allows users to create and deploy AI-powered smart contracts on Oraichain, a data oracle platform that connects AI APIs to blockchain.
Users can provide liquidity to these smart contracts by staking $ORAI tokens, the native currency of #Oraichain.
By staking ORAI tokens, users can earn fees from the AI services that are consumed by the smart contracts.
For example, if a smart contract uses an AI API to generate text, image, or video, the user who staked ORAI tokens will receive a portion of the fee paid by the...
smart contract.
4Users can also earn rewards from the yAI protocol itself, which distributes $ORAI tokens to incentivize liquidity provision.
The rewards are proportional to the amount of ORAI tokens staked and the duration of staking.
Users can withdraw their tokens and rewards at any time.
yAI has 3 features that make it different from other yield farming protocols:
- AI-based vaults: strategy is optimized based on the metric of ROI, Risk score, & Price prediction. Strategies are provided by AI providers on Oraichain.
- Metric of ROI, risk score, and price prediction of all pools and vaults getting from Oraichain.
- Tracking your investment on all pools and vaults getting from Oraichain.
yAI is a game-changer for DeFi, as it enables users to monetize their data & liquidity while accessing cutting-edge AI services.
🔥 Do you want to stake your $INJ tokens and earn rewards from both @Injective_ and #DeFi platforms at the same time?
If yes, then you need to check out liquid staking on Injective with @stride_zone , a new and innovative #LSD protocol.
Here's why:👇🏼
🫧 Liquid staking is a process that allows you to stake your $INJ tokens on Injective and receive $stINJ tokens, which are synthetic tokens that represent your staked $INJ.
You can then use #stINJ tokens in various #DeFi applications to earn yield, trade, lend, borrow, or vote
Liquid staking is important for $INJ because it enhances the utility and value of the token in several ways:
- It enables you to earn rewards from both staking and #DeFi activities without sacrificing security or liquidity.
🐕 Woof woof! Have you heard of KibbleSwap? It's one of the top decentralized exchanges on #Dogechain with the most locked-up liquidity!
🌉 KibbleSwap was one of the first #DEXs to provide support for bridged stables on the #Dogechain ecosystem, enabling both Synapse and #Multichain bridgeable assets!
💰 Not only does KibbleSwap provide high liquidity and popularity, but it also offers community farms where liquidity providers can earn $KIB tokens as a reward.
And guess what? $KIB is a deflationary token!
🗳 $KIB is also a governance token that can be staked to earn.
There are a lot of functions that @oraichain is bringing to Web3 with its AI feature that hasn't been heard of before in the space.
One of which is the use of flexible smart contracts using face authentication.
Yes, you heard that right. You can use your face to interact with smart contracts on Oraichain.
How cool is that? 😎
What are the benefits of #Oraichain's face authentication?
This feature will be useful in the following ways:
- Using your face to get your balance instead of using a private key.
- Withdraw using your face.
- Using your face to reset your private/public key pair.
- Using both your private key and face to execute a smart contract.