Hey everyone wanted to come on to tell you all about our liquid lend product. We are the first in DeFi to create a innovative solution to the hundreds and thousands of LP tokens that sit mainly idle in many liquidity providers wallets. Users are now able to take their idle LP tokens and provide them as collateral for a liquid asset loan. This will allow users to access their liquidity all while remaining in the liquidity pool they are in and continue to gain the appreciation from the trade fees the pool is exposed to. Users can then take that loan and leverage their tokens anywhere in the crypto space. Wether they wish to trade a new asset temporarily or deposit into vaults users will never again have to worry about the pain staking process to remove liquidity then swap etc just to tap back into their capital.
There is a second side to Liquid Lend, the lending side. Users can come to Yield Bank access Liquid Lend app and deposit their stable coins and other coins we have available for borrowing, in return the users pooled money will be lent out to borrowing lenders who provide the collateral of their LP token, and the lender will be paid instant on demand interest rates from the loan. If a user defaults his LP tokens are liquidated and any outstanding loan amounts plus interest are returned to the original lender. We have developed a fair pricing system for LP tokens of locked and unlocked liquidity models that uses the assets in the pool it’s liquidity and historical data to generate the fair pricing of the LP tokens if no current market exists for it already.
We believe that this revolutionary and innovative product will follow the footsteps of us with this product realizing the huge potential that exist. Others in the space have just a couple weeks ago done just that and a blue chip platform like ourselves Maker DAO has announced they will be releasing a liquid lend style product soon. We invented Liquid Lend in November of 2020 months before anyone had this idea in its sights.
Yield Bank is holding our 2nd round liquidity episode / presale starting tomorrow at
https://platform.yieldbankapp.finance We have many discounted areas of our Liquidity Episode with liquidity providers and token sales, be sure to check us out to be exposed to the next blue chip DeFi platform ! We have currently spent over $400,000 of our own funds for development with out a presale or fund raise , we have ensured to release a solid high quality platform that is raising the bar for next DeFi projects!
All of our information
We will be hosting a AMA tomorrow at 2:00 PM EST
2/20/2021 AMA Tweet Ask questions here:
https://twitter.com/yieldbank/status/1362556762050732035?s=21:globe_with_meridians: Website:
https://www.yieldbank.finance/Medium:
https://yieldbank.medium.com/ Twitter:
https://twitter.com/yieldbank Platform:
https://platform.yieldbankapp.finance/ Open in Demo Mode NOW! :eyes:
Audit:
https://www.yieldbank.finance/assets/pdf/YieldBankAudit.pdfhttps://www.yieldbank.finance/assets/img-mobile/liquid-lend/logo.jpg
