Yield Optimization Platform and Protocol (YOP) — Providing easy access to DeFi for everyone
The introduction of DeFi has expanded the way users invest in crypto and its associated industries remarkably with the invasion of yield farming. However, the DeFi wave is an incredible way to reward token holders and liquidity providers through a new technical process. This is where crypto starters who are developing interest in crypto become confused and back off because of these difficulties and technicalities. Attention needs to be given to various platforms to smoothen the adoption of decentralized finance.
YOP streamlines all these frictions in DeFi by bringing together five main products to make access to yield farming easier. The All-in-one Mobile yOptimization Application makes it not only easier and simpler but interesting, interactive, and understanding. Currently, existing projects are limited in products, and some of them don’t have important features like market data, native tokens, and even in-built wallets. YOP brings together five solid products, Farmers Market, Swap Dex, Wallet, Smart Market Data, Personalised dashboard.
There are mobile applications out there providing some services, but none has developed an all in one yield earning platform. Most of them have not been able to fuse in DeFi markets except YOP. DeFi being a new market and growing at a breakneck pace, needs to have a sleek app user interface that enhances user experience. Based on the market analysis, no single known app, mobile, or web currently offers the vast features that this project is developing.
$YOP Token and its economy (YOPonomics)
The Yield Optimization Platform is fuelled by the $YOP token and powered by the Ethereum and Polkadot ecosystems. The token powers both the yPlatform They are withdrawn from circulating supply via the yProtocol: staking in contracts, token burn, liquidity pools, and use to access premium services within the app. The continued withdrawal of supply reduces the general level of price valuation.
With projected user growth, this further accelerates reduction in circulating supply creating a demand-driven market for $YOP. The team has designed the token keeping inflation from treasury very low. With a high level of devotion to the project, the team tokens are vested over two years, growing sustainably. YOP has a max supply of 88,888,888 tokens.
The Rapid and Surprising Growth of YOP
The project started from scratch, with a low market cap, and with a small community. The growth as of now is overwhelming. Due to the promising features, it has attracted investors and partners all across space. On January 16th, 2020, The team happily announced an agreement from a traditional venture fund listed on the London Stock Exchange, Pires Investments Plc. Pires took YOP through rigorous due diligence and technical review process.YOP illustrated its value in its strategy, team, and robustness of its platform development to a specialist technology investor successfully.
On December 22, 2020, The team secured investment from another strategic partner to support YOP becoming a leading platform & protocol. They announced a partnership with Tenzor Capital. Tenzor was focusing on investment and was also envisioned to back early-stage projects by supporting community expansion, developer resources, and the project’s network in Europe and Russia. On January 4th, 2021, YOP announced a launch on Polkastarter IDO & Uniswap.
Unlike other existing apps and projects, what YOP focuses on is bringing together all other protocols in one place, making it very easy and accessible for yield farmers to go about their daily activities in the crypto space. Although the platform is not live yet, they keep the community updated with every development stage and recently shared a demo video of the application.
YOP believes that there’s a clear market opportunity for a beautifully designed app to bring cross-network products together, giving the masses a chance to experience the best of yield farming. The team’s goal is to build a simple, elegant digital experience and grow a community of active app users.
Originally published at https://www.cryptofolds.com on February 3, 2021.