YFSwap

YFSwap

About Yfswap?
Yfswap is an AMM based Dex created with the intention of providing a one stop solution,DeFi farming, staking and a Dex Exchange all in one. YFBTC and YFETH will be using LP pools from Uniswap until the LP pools has grown large enough. A migration will be voted by users if users would want the full benefits of earning the swapping fees at YFSwap. Uniswap shares its swap fees with its own core investors, while YFSwap users will be able to earn full amount of the swap fees. Even more than Sushiswap.


As food-meme DeFi tokens slowly shows that it is not sustainable with it unlimited farming, YFBTC and YFETH is the solution for users to confidently hold for long term. Giving alternative to ETH and BTC users to hold a non-inflationary cryptocurrency while farming.


CROWDFUNDING RULES

• The total amount of the first phase of crowdfunding is 8,500 YFETH, and the crowdfunding time: Starts Stage 1 from 7th Oct 2020 (UTC+8) to end at the 16th Oct 2020 (UTC+8) or until 550th ETH received.

• Crowdfunding price 1 ETH = 100 YFETH

• The end of the first round of crowdfunding is subject to the 85th ETH received by the crowdfunding address.

• The total amount of the second phase of crowdfunding is 12,375 YFETH, and the crowdfunding time: the 250th ETH received by the crowdfunding address to 11th Oct 2020 (UTC+8)

• Crowdfunding price 1 ETH = 75 YFETH

• The total amount of the second phase of crowdfunding is 12,375 YFETH, is subject to the 250th ETH received by the crowdfunding address.

• Crowdfunding price 1 ETH = 50 YFETH

• The total amount of the third phase of crowdfunding is 15,000 YFETH, is subject to the 550th ETH received by the crowdfunding address or until 16th Oct 2020 (UTC+8) whichever comes first

The quota is sorted by time, and tokens are issued, the earlier the participation, the greater the success rate. If the crowdfunding is completed you will receive YFETH. The purchase will be refunded automatically if the purchase is not successful. 1 address can only purchase up to 25 ETH to avoid monopolization and ensure decentralization of YFETH assets


TOTAL DISTRIBUTION OF YFETH

• The initial amount of YFETH is 75,000, and the number of YFETH Free airdrops is 39,125. Another 35,875 YFETH will be allocated for Crowdfunding to help maintain server and project sustainability and future development. If there is any YFETH left from crowdfunding or airdrops, it will be burned and will NOT be kept by team or developers to ensure maximum decentralization of YFETH supply. YFETH follows Constantinople ETH upgrade protocol.

• We reserve the right to cancel airdrops to users who we deem abusing the system. We hope to reserve this opportunity for other users.

• This airdrop enables machine learning to identify cheating. Those who are identified as cheaters will cancel the airdrop, and those who participate in the recognition will return ETH

This is based on the Scenario of USDT/ETH, DAI/ETH
YFETH is $5
Per Block Yield Farming rewards are 0.4 YFETH ( First month)
Assuming 7.5(2.5+2.0+1+1+1) weightage = 0.4/7.5 = 0.05333


BITTO/ETH 2.5x

YFETH/ETH 2.0x

USDT/ETH

DAI/ETH

USDC/ETH


15,000 YFETH will be used for yield farming(currently, only around 8000 distributed. 1st rank contract holding will all be burned after 18th) What this means is that the ROI will be higher than stated.

https://etherscan.io/token/0xE52294152805e304803c93b700266DDFE99eaB32#balances

15,000 YFETH @ $5 = $75000. LP is a pair of same value. so each side of the pair is valued at $75,000 = $150,000 total LP pair value
Per hour 0.0533*240 = 12.8(Total Block reward per hour)*$5 YFETH value= $64 is the estimated reward in YFETH VALUE per hour.


ESTIMATION FARMING YFETH PER HOUR ROI ACCORDING TO THE ABOVE SCENARIO 
$64/$150,000 = 0.042% (YFI/ETH) 1x
2.5x*0.042% = 0.106% (BITTO/ETH) 2.5x
2.0x*0.042% = 0.084% (YFETH/ETH) 2.0x


To get clearer information, please visit the link below:

Medium: https://yfswapfi.medium.com/

Telegram: https://t.me/yfswap

Github: https://github.com/abanshinoburu


AUTHOR

Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2851713

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