In our 11th article brought to you by the iYield team, we are taking a look at why Yield Bank is going to be the most immersive, intuitive and engaging DeFi platform in 2021. Without further ado, let us introduce to you our full suite of additional Apps that we have built for Yield Bank users!
My Account App
As we mentioned before, we have built a database layered on top of the Ethereum network — this is called our IAP (Individual Account propriety). Through the My Account App users will be able to see a breakdown of your finances in a concise, easy to read statement based on your pegged Yield Bank account number, similar to a statement generated off of a traditional bank account. These statements will show balances, gains, gas fees, transaction fees, where your assets are allocated and more. Users will be able to opt in and out of having their statements generated for them automatically.
We plan to develop Apps that will usher a wide range of social aspects into our platform and this is our first step in that direction. Our users will be able to communicate with other Yield Bankers inside the platform through our own dedicated chat room. Further down the line, there will be leaderboards for traders, trading contests, community contests and more! This is of course all optional — users who wish to stay entirely silent and anonymous can do so. There are no KYC/AML requirements at all for our platform or any of our products.
We want to engage with our community as much as possible while giving back to and rewarding all of our community members that made Yield Bank successful.
News App & News Feed
Want to keep up with news from all different parts of the cryptocurrency space? You will be able to stay up to date with the latest news as well as most recent Yield Bank updates, without having to leave our platform. Through API and RSS feeds we are able to integrate on-demand news feeds into our platform. When we say we are aiming to become the ultimate one-stop-shop in DeFi, we truly mean it!
Having a fully fleshed out platform doesn't come easy when aiming for mass adoption, handling a large number of users that might need help when using our platform. We will be integrating a proprietary Help App with professional customer support including Email and Live Chat support.
We will also be creating a series of video tutorials on how to use the Yield Bank platform, a walkthrough of our entire suite of products and user interface, and an interactive tutorial inside the platform itself — this will make the onboarding process that much more seamless and easier to grasp for new users coming into DeFi through Yield Bank.
Lo and behold, our Insurance App is dedicated to our Insurance products. These are still under development but we will be dealing with a wide variety of blockchain insurance products, namely targeting smart contract failures, insurance against hacks, insurance against exploits such as flash loan attacks, so on and so forth including some insurance products not seen before in the blockchain space.
We have more to say on this topic in the future, so stay tuned!
Next to Liquid Lend, our product focused on taking out loans while using any LP token as collateral, we will also have a more traditional style Lending & Borrowing but in a completely DeFi manner and through our own unique protocol. Yield Bank’s users will be able to provide liquidity for the loans themselves and earn interest on their money with a wide range of assets made available to lend money with to our users or borrow it from them. A true peer-to-peer version of monetary economics put into practice.
Games & Calculator
Games? Yes, games! Inside our platform there will be a Games folder where Yield Bankers can go and play games. Nothing happening on the price charts? Bored? No worries, we got you covered! Pop into our platform for a couple games of Angry Birds or maybe go on a nostalgic trip while playing the original Oregon Trail.
There will also be a simple calculator that you can pull up and use at any time without having to tab out of our platform— handy for calculating your profits!
In our Photos App users will be able to save pictures, save and upload screenshots — any files saved in the Photos App can then be used as your own custom background for the Yield Bank platform.
This can also be used for saving screenshots of your profits made or positions taken on the market and then sharing it with other Executives in the Messaging App!
Cryptocurrency charts App
Our platform will have on-demand cryptocurrency charts integrated directly into our user interface, courtesy of the biggest index sites in the space providing their APIs openly.
Everything a trader or a DeFi user could ever possibly need, Yield Bank will have! We are always open to feedback and will happily add frequently requested features — We want to actively stay in touch with current market demand and what our community wants the most, so go out there into our chat rooms and make your voice heard!
LP Market App & DeFi Futures App
Let's not forget our LP market App and DeFi Futures App — these are some of our key standalone products that have been described and explained in our previous updates, so if you haven't read those yet, make sure you do!
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
Telegram Room: t.me/YieldBank
Telegram Announcement Channel: t.me/YieldBankAnnouncements
Liquidity Episode date: 18th January 2021