cakerage.finance becomes yamp.finance !

3 min readJul 8, 2021

We come to you with the exciting news that Cakerage has gone Multi-Chain, with an initial launch on POLY and BSC. The future will support ETH and SOL LP markets.

Launched as a response to some of Ethereum’s biggest drawbacks, Polygon’s rise has been meteoric. The multichain system combines the best of Ethereum’s network effects with aspects of sovereign blockchains in an attractive feature set. Made by developers, for developers.

Traders have obviously seen huge benefits as its popularity has continued to sky-rocket. But let’s look at some of the finer points behind this exciting news…

A new direction for Yamp ?

A new expansion, across multiple chains.

The Yamp team never stands still. We restlessly innovate and evolve. For a long time it has been our ambition to bring leveraged LP yielding to multiple blockchains. Polygon and BSC are just the beginning, eventually, Yamp will live on ETH and SOL blockchains and offer permissionless leverage across all LPs.

It’s the balance between this hunger for growth and our core community values that makes Yamp so special. Everything we do is to bolster the network that makes the platform valuable to our loyal YAMPers. Yamp it up !

With this in mind — staying faithful to our community values and innovating at the front of the industry — our move to cross-chain is inevitable as we continue to bring the best projects to our community and provide them with the tools to make the most of these opportunities, while constantly raising our game as a presence in the crypto sphere.

What’s upcoming ?

A multi-chain development roadmap, to unlock the full potential of the $6,846,621,419 LP DeFi market.

Phase 1

Release of the Yamp app on Polygon & BinanceSmartChain
Launch YAMP Token on QuickSwap & PancakeSwap
Target to reach $20M TVL

Phase 2

Launch YAMP Token on Ethereum
Support Uniswap V3
Implement fully decentralized governanceL
Implement YAMP Staking program

Phase 3

Support SOL
Launch YAMP Token on Serum

Phase 4

Become the top financial services platform for Liquidity Providers
Release suite of financial services for LPs on the next form of AMMs

Why start with Polygon ?

While Ethereum has been thought of as the primary blockchain development platform, it unfortunately still has major limitations. Polygon is a protocol and framework for building and connecting Ethereum-compatible blockchain networks, effectively transforming Ethereum into a multi-chain system (this is why it’s known as Ethereum’s Internet of Blockchains).

Polygon is an answer to many of the main issues with single-chain systems and has tackled them with features that align closely with the Yamp vision and where we are headed.

Some of these features include:

One-click deployment of preset blockchain networks.
A growing set of modules for developing custom networks.
Interoperability protocol for exchanging arbitrary messages with Ethereum and other blockchain networks.
Modular and optional “security as a service”.
Adaptor modules for enabling interoperability for existing blockchain networks.

Polygon’s rise in popularity in some ways mirrors Yamp in that it has offered Farmers an open and powerful tool that is network and community-driven. These are driving forces that make Polygon the ideal vehicle for our transition to multi-chain.

Website : https://yamp.finance

Telegram : https://t.me/yampfinance

Twitter : https://twitter.com/yampfinance

Announcements : https://t.me/yampfinanceann