YFBEAM.FINANCE (YFBM) is a universal DAO that will incentivize participation in governance on Polkadot’s Moonbeam parachain.
In recent times, DAO’s have taken the cryptocurrency world by storm. However, many of the DAO’s that have arisen are neither sustainable nor do they properly incentivize governance participants in return for their efforts. YFBEAM aim’s to solve this by nurturing an environment that does both.
Here are some of the features that sets YFBEAM apart:
YFBEAM offers a sandbox for users to create and vote on different proposals, rewarding them for experimenting with different incentive mechanisms and for helping mould and shape the future of the YFBEAM.
For their participation in the decentralized autonomous organization, the creator of a winning proposal and its voters will be distributed 20% of the votes placed for the proposal, while the rest (80%) will be burned.
YFBEAM is built with a sustainable reward system and deflationary tokenomics, leading to increasing scarcity as time goes on. 30% of daily yield from stablecoin vaults will be used to buyback YFMB and burn it from the market.
Only a total of 0.6% of available treasury tokens will be distributed each day, meaning that with each passing day, the number of new tokens entering circulating supply will drop as the amount available in the treasury vault drops.
YBEAM will be migrated to Polkadot’s Moonbeam parachain, enabling cross-chain interoperability and continuous growth of the ecosystem.
Farming
Those who wish to farm YFBM, will be able to do so with stablecoins such as DAI, USDT and TUSD. Farming may also be done with other governance tokens such as YFI or UNI so user’s may farm all the while using the selected coins underlying protocol to maximize APY and avoid the opportunity cost of just farming YFBM.
YFBEAM enable user’s to farm with various protocol tokens
Twitter: twitter.com/yfbeam_finance
Telegram Channel: t.me/yfbeam_finance