AMA RECAP: YIN Finance with Daku Community
On 6th Aug 19:30 PM IST, YIN Finance held a live AMA with Crypto Daku Robinhooders, Here’s the recap for those who missed it.
Introduction:
The AMA session was conducted by Daku Saurabh, Daku Community Admin.
INTRO Guest Intro ：
Sylvia: Hello, I’m Sylvia. CMO of YIN Finance, I am responsible for all marketing operations and activities of YIN as well as external investment.
Q1 Daku: Can you tell us all more about project, the idea, how it started?and specially why its needed? We can break to following the problem you are trying to solve, Why you think thats the problem, whats the solution you are proposing. How you solve it?
Sylvia: YIN Finance is a multi-strategy NFT proactive liquidity management platform that allows users to subscribe to the project’s strategy to achieve effective high yield liquidity management.
YIN Finance aims to provide proactive liquidity management services on different public chains and decentralized exchanges.
In simple terms, YIN Finance is a multi-strategy NFT liquidity optimizer for Defi users and can provide one-click for subcription of our CHI strategy. Thus effectively solve the liquidity provision under the current defi landscape.
Currently, we are deployed on Ethereum and will be deployed on Polygon and Solana soon. (Note: We’ve already received a grant from Polygon)
So, YIN is going to facilitate not only Uniswap V3 users but also on Solana and Polygon ecosystems.
Q2 Daku: Can you tell more about token utility?
Sylvia：Sure. Our platform token is YIN. $YIN token plays a very important role in the whole ecosystem .
Firstly, by staking it into the YIN Stake Pool, you would be able to share the profits from the platform fees.
Secondly, YIN token holders can participate in the governance of DAO, determining new supported assets and managing existing projects.
Thirdly, gains from liquidation in the leveraged liquidity pool will also be distributed to YIN Stake Pool.
Fourthly, users can add leverage given their YIN holdings; more YIN higher.
Strategy providers would need to spend YIN in order to create CHI.
Q3 Daku: Can you tell us about your competitors ?
Sylvia: Liquidity management of Defi is a value barren, YIN Finance chose to be an active liquidity management platform and made a great optimization among the existing competitors.
As we all know, taking Visor as an example, Visor and YIN share the principle of active liquidity management, based on which we provide our services. However, major distinctions exist. Visor platform is as the sole provider/creator of strategies. Focused on high volatility strategies in the ETH-USDC trading pair from the start. Users mainly gain from fees incurred.
YIN Finance allows user-created strategies, and the platform provides low-volatility/ stablecoins strategy, third-party mining protocols, interoperability supported for optimized strategy capacity.
In conclusion: YIN’s position is a more comprehensive, profitable & compatible platform for users.
Q4 Daku: Can you tell about Marketing and partnerships for YIN Finance?
Sylvia: As for marketing strategy, our plan is multichain deployment in the future. And we have our ambassador program, choosing the ambassadors globally. Then we’d like to carry out many PR campaigns and strategic cooperations with other projects.
At present, we have two official announcements: Polygon and Parsiq and there will be more official announcements of YIN Finance later.
https://twitter.com/yinfinance/status/1420703363990097923?s=21
https://twitter.com/yinfinance/status/1417142786789298180?s=21
We also have our weekly report on our Twitter.
Q5 Daku: Can you tell community about fundraise and token sale?
Sylvia: Currently we have closed our seed round and our private round is ongoing.
We will start our IDO in 2021 Q4, please stay tuned. Please follow our Medium and Twitter: @Yin Finance for the latest news.
Q6 Daku: what are next 100 days plan? tech wise? business development wise? user acquisition wise?
Sylvia: Our mainnet will launch on Q3 2021, but our test-net is now available for all users, welcome to participate on: https://alpha.yin.finance
Testnet Tutorial: https://medium.com/@yinfinance/yin-finance-testnet-tutorial-cf0a27c331bc
Airdrop campaign: https://twitter.com/yinfinance/status/1420978883352952845?s=21
Bug bounty campaign: https://twitter.com/yinfinance/status/1422137004360302600?s=21
Q7 Daku: Last question before opening for community: Why one should keep eye on YIN Finance?
Sylvia: Just treat YIN Finance as a liquidity manager. As in the current stage, around 77% of LPs take the simple passive strategy. YIN Finance offers one-click subscription strategy service which is our unique competitiveness for those LPs and function as their LP manager, we will also accelerate more liquidity to the Defi ecosystem as liquidity is a key component of Defi and vital to its continued growth.
5 Random questions selected from Community:
Q8: What is the meaning of the term Grand Master? Do you run any email newsletter I can subscribe to?
A: Grand Master is a leverage pool, if you don’t want to add liquidity on our platform. You can also choose to leverage your assets through Grand Master. We offer up to 10X leverage, the more YIN you hold, the higher leverage you can add.
Please follow our twitter @Yin Finance and website: yin.finance.
Q9:Who are your potential customers and which markets are you targeting on?
A: All defiers who provide liquidity are our customers, It’s not only small parties, but also more focus on people who needs liquidity guidance because we have different strategies.
Q10: Can you list some of the features with which you are most confident about your platform? How can you advertise YIN worldwide and make it popular?
A: YIN Finance consist of four moduels: YIN, YANG, CHI and Grand Master. And CHI is our programmable strategy, which is our core competitiveness. And we will promote our project globally, in 2022 Q4 it will become an open platform for elegible users to create their own strategy after our auditing.
Q11: Are you confident YIN Finance is the best defi platform? Which partners do you cooperate with for development?
A: Yes, we have very strong partnership with polygon for now (gained grant of polygon already), This means we get more liquidity management chance from DoDo, and we will announce more partnership with more ecosystem such as Solana and so on, please follow our Twitter.
Q12: I want to support your project, Tell us more about the Ambassador Program and in What ways can we participate ??
A: Yes, thanks for your support, we have ambassador program, please join our TG group and PM admin.
Q13: Share with us about your plans for 2021. What are you currently, focus on and are you going to listing on major exchanges?
A: We will mainly focus on dev our product, program our CHI strategy, and of course will list on exchange, but will have IDO before listing.
Q14: What difficulties are you facing right now or have faced while developing the platform?
A: We have Test-net campaign&bug bounty for now, we are receiving so much feedbacks from users, we will attach importance to feedbacks!
Q15: Where can I buy $YIN token?
We haven’t release our token, but can join in our airdrop campaign there is an chance to can get our $YIN token.
About YIN Finance
YIN Finance is a multi-strategy NFT liquidity management platform that allows users to subscribe to the project’s strategy to achieve effective high yield liquidity management. YIN Finance aims to provide proactive liquidity management services on different public chains and decentralized exchanges. Currently, we are deployed on Ethereum and will be deployed on Polygon and Solana soon. (Note: We’ve already received a grant from Polygon)
Project information:
