Brought to you by the iYield team, an update regarding our Liquidity Episode and its Round 3.
Liquidity Episode Round 3
The Round 3 of our Liquidity Episode is live on our platform right now - that is 25th of April 2021.
The Liquidity Episode will be live for 14 days, that is until 9th of May 2021 ending at 10:30pm EST timezone.
After the Liquidity Episode has concluded, we will immediately be launching our pools and platform with staking and farming as well as vaults ready to use instantly at launch.
Times are subject to change.
Token prices are staying unchanged from Round 2 of our Liquidity Episode, that is:
yB price: $50.00 USD
yCASH price: $0.50 USD
Liquidity Episode Round 1 & 2 participants
“I participated in Yield Bank Liquidity Episode Round 1 and/or 2— now that the token prices have changed, did I lose money?”
The answer is, of course not! Quite the opposite. First and foremost, users who participated in Round 1 and/or 2 will be given additional tokens to make up for the price difference so that the new price set in Round 3 of our sale reflects the updated value. In layman’s terms, what it means is that if you invested $1000, you are still getting $1000 worth of tokens — you will simply be getting more tokens for the same amount of money.
Secondly, users who participated in Round 1 and/or 2 will be given extra tokens on top of the tokens they will receive due to the price change.
The bonus structure is going to be released soon in the next update, so if you invested in Round 1 and/or 2, keep your eyes peeled!
Audit & Security
Yield Bank has passed the security audit of our smart contracts with flying colors. The security audit was conducted from Jan 07, 2020, to Jan 19, 2020.
Audit was conducted by AnChain.AI, one of the biggest and most reputable auditors in the space. At Yield Bank, security of user’s funds is our top priority. We understand the current sentiment in the DeFi space, with protocols being hacked and/or exploited left and right.
Rigorous audits, having flawless code and always putting security as the number one priority are key standards that we hold ourselves to.
You can read the full audit report here
Exchange listings of yB & yCASH
Our audited set of smart contracts will automatically and autonomously deploy yB and yCASH liquidity pools onto Uniswap after the sale has concluded. This improves security and ensures safety of user’s funds.
After the Uniswap listing (i.e. pool deployment), we will be getting listed on centralized exchanges to increase liquidity, market awareness of our tokens and accessibility to trading our tokens.
We will also list all of our tokens addresses for all areas i.e. Vested Team Tokens, Marketing Tokens, Rewards Tokens, etc. — all addresses will be displayed for our users to see.
Follow us on any of our social media accounts listed below to stay updated.
The article and any other associated content of Yield Bank does not constitute as financial advice. Cryptocurrencies are a high risk investment and may not be suitable for all members of the public and all types of investors. This is an experiment in DeFi yield aggregating to bring longer and steadier yields to its users.
Next article coming up: TBA