Thread by @cyrilXBT

I spent my day researching $YDF ( @yieldification ) a real yield protocol building on #arbitrum

The protocol offers up to 50% APY

Here's everything you need to know about what they are building 🧵 👇

2/ Short thread covering parts of $ydf:

- Overview
- How it works?
- Key Features
- Tokenomics
- Team
- On-chain Analytics
- Roadmap

3/ Overview

Want to make serious cash? Check out @yieldification ($YDF) - the DeFi protocol that generates sustainable yield with APRs up to 300%.

Inspired by top protocols like $HEX, $OHM, $GMX, and $REFI, it's a reliable system for users. Don't miss out!

4/ How it works?

YDF works by combining several important concepts to support the project's long-term vision. It delivers high yield and returns to investors, and each component balances the underlying infrastructure for perpetual growth.

5/ Key Features

$YDF is a cutting-edge trading platform that offers real yield without impermanent loss.

Stake your tokens for high returns or provide liquidity for even greater benefits.

Staking also earns you an NFT receipt for your investment.

After staking, NFT details include:

- 14-day lock
- 25% APR
- Total $YDF staked
- Yearly $YDF earn
- Creation & expiration date.

Staking options have different APRs.

After the lockup period, you earn APR until unstaked.

A 14-day single-sided $YDF stake is a no-brainer for most.

6/ Tokenomics:

Interested in the data behind the token? Check it out:

• Starting supply: $696.9M $YDF
• Present market cap: $8.9M

Burning & Minting

YDF is burned as a revenue-generating utility that consumes and/or collects utility fees and product revenue.

When a user claims their yield from their sYDF or slYDF NFTs, YDF is minted. This YDF is issued in direct relation to the vesting contract.

We monitor emissions and revenues to optimize APRs and fees.

We're also planning sustainable NFT utilities.

7/ Team

The team is undoxxed, but KYCed through AssureDefi - the most respected provider in our space. They have ironclad procedures and will pursue legal or compensatory action as needed.

8/ On-chain activity:

Noticeable growth in $ydf volume. This suggests accumulating action and could point to bullishness.

Consider the future: After the #Shanghai Upgrade, staking with @yieldification could be one of the most lucrative options available.

Full Transparency: this thread is sponsored by $YDF.

Remember to always DYOR.

9/ Roadmap

DAO Implementation is on track to launch by Q2/2023, followed by the introduction of Lending against sYDF & sIYDF principal value in Q3/2023.'

https://twitter.com/yieldification/status/1630618839506468865?s=20