YOP Airdrop enables users to interact with the best DeFi protocols across the top blockchains from a clean, simple, educational and easy-to-use application. YOP is giving away a total of $18,000 YOP to 10 lucky giveaway participants. Sign up for the giveaway and complete tasks to earn entries. Also earn more entries for each referral. A total of 10 participants will be randomly selected to win up to $5,000 worth of YOP each.
A total of 50 winners will be randomly selected in which one winner will get $350 worth of GOV, one winner will get $250 worth of GOV, eighth winners will get $200 worth of GOV each and forty winners will get $200 worth of GOV each.
A rich ecosystem powered by the $YOP utility token
YOP Tokens will be emitted across seven pools – Community, Reserve, Marketing, Treasury, Team, Advisors and Liquidity from a total supply of 88,888,888.
The whitepaper provides a complete picture of the YOP Ecosystem. Starting with a background on DeFi and Yield Farming, we then move on to the YOP Airdrop Vision, Protocol and Partnership opportunities, where they will explore some of the key challenges with DeFi today and how the YOP Team aims to address these challenges as part of the wider Ecosystem.
YOP token distribution amounts to a supply of 88,888,888 in total. Tokens will be emitted across seven pools, including; Community, Reserve, Marketing, Treasury, Team, Advisors and Liquidity. The YOP Protocol tokenomics and emissions is designed with sustainability as the primary priority.
Community emissions will commence in Jan 2022 and the emissions schedule has been carefully calibrated to complement the tokens purchased from the open market to provide long-term sustainability.
DeFi loans enable users to lend their crypto to someone else and earn interest on the loan. Banks have been utilising this service to the fullest with depositors’ funds. Now, anyone can become a lender to generate interest on their assets – and this process can be done through lending pools, the offices of traditional banks. Lending through DeFi Protocols offers complete transparency whilst also enabling a very fast processing speed for loan origination. Protocols include the likes of Compound and Aave on Ethereum and Tranquil Finance on Harmony.
YOP Airdrop is a novel mechanism to generate yield on assets within the blockchain – there is not a direct comparison within traditional finance. The process involves “locking-up” a portion of tokens for varying period – as a way of securing or contributing to a blockchain network or Protocol. By doing so, stakers are earn rewards – typically in the form of additional coins. This is usually done by utilising decentralised Staking-as-Service providers in order to run “nodes” that secure the network on behalf of users. Examples include Lido and stakefish – which support a variety of blockchain tokens such as Ethereum, Solana and Luna.
Insurance Protocols offer coverage for a wide range of products, markets and Protocols. This coverage and protection is purchased by the user and is insured through other Protocol participants that supply the capital. The participants that supply capital to insurance Protocols earn a return through the premiums paid by insurance purchases. This strategy would not guarantee the principle as claims by insurance purchasers would results in loss of insurers funds. That being said, by providing insurance to multiple Protocols it is possible to mitigate the impact of insurance claims. Examples of insurance Protocols include Nexus Mutual and Unslashed on the Ethereum network.
YOP Airdrop clear that DeFi is here to stay. We are reaching the limit of old financial technologies with siloed databases and moving into the decentralised age, where society will be paying for daily expenses with their stablecoins through their selfcustodial wallets and seamlessly earning a yield across a variety of assets within. Looking at DeFi from an innovative technology point of view, there are clear indications the market is moving away from being filled with “Innovators” and “Early Adopters” – who are enthusiasts and enjoy taking risks on new technologies – to the “Early Majority” phase, where DeFi is starting to be considered by individuals who adopt new products or technologies only after they are proven and individuals feel comfortable it won’t put them at risk.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.