Yield Farming Bitcoin & Multi-Rewards Pool System

With our 12th update, the iYield team is excited to bring you a long requested and speculated feature — Yield Bankers will be allowed to yield farm Bitcoin. Yield farming Bitcoin? How? Multi-Rewards System — What's that? Let’s take a look!

Yield Farming Bitcoin

Liquidity pools dedicated to Bitcoin Yield Farming

Through our own proprietary liquidity pools (coded from scratch by our full-stack team of developers) specifically dedicated to Yield Farming Bitcoin, users will be able to provide liquidity in a wide variety of popular crypto assets starting out with the biggest ones with the most volume, such as ETH-DAI. These pools, for example the before mentioned ETH-DAI pool would then generate rewards directly in wrapped Bitcoin (wBTC).

Yield Farming Bitcoin App

The process itself from the user’s point of view is the same as regular yield farming.

Step 1) Provide Liquidity

Step 2) Stake your LP token

Step 3) Harvest yielded rewards given to you in Bitcoin

It's as simple as that!

Advantages of our Yield Farming Bitcoin App

Bitcoin is the undisputed king of cryptocurrency — with the biggest market capitalization and most volume, the LP tokens from these pools are guaranteed to generate substantial profits due to the high trading volume. Users are now able to have an always increasing exposure to Bitcoin by yield farming it.

Our Bitcoin liquidity pools do not require you to have any preceding exposure to Bitcoin and are of course voluntary. Users who wish to continue farming in the more traditional manner and harvest yCASH rewards are welcome to do so.

Yield Farming Multi-Reward Pools

Multi-Reward System

In regular liquidity pools, staking LP tokens belonging to those regular pools will yield a single predetermined rewards token as a reward.

We would like to take this a step further and allow rewards to be paid out to users in multiple tokens from a single LP token being staked, thus the name Multi-Reward System.

Multi-Reward Configuration

Bitcoin Yield Farming and Multi-Reward Pools Use-case

This in tandem with our Multi-Reward configuration will allow users to gain exposure to an almost endless amount of assets through yield farming them at whatever ratio and pace they wish. This is a new investment strategy when it comes to diversification and increasing exposure to assets not yet seen in the cryptocurrency space.

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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.

Website: yieldbank.finance

Platform: yieldbankapp.finance

Medium: medium.com/@YieldBank

Twitter: twitter.com/YieldBank

Telegram Room: t.me/YieldBank

Telegram Announcement Channel: t.me/YieldBankAnnouncements

Discord: discord.gg/4DrKFzJ

Email: social@yieldbank.finance

Liquidity Episode date: 18th January 2021