About Yamfore:

 

 

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Yamfore

 

Yamfore, a decentralized non-custodial lending protocol on Cardano, presents a unique opportunity for users to borrow and lend assets without relying on intermediaries. Setting itself apart from other lending platforms, Yamfore introduces several distinctive features:

 

1. Elimination of margin calls and liquidation risk: Unlike traditional lending platforms, Yamfore borrowers are exempt from the perils of margin calls and liquidation risk. Even if the value of their collateral dips below the loan amount, borrowers can rest assured knowing their assets are safe.

2. Freedom from ongoing interest payments: With Yamfore, borrowers are only required to repay the principal amount of their loan, along with any accrued interest, once the loan term concludes. This feature significantly reduces the financial burden typically associated with continuous interest payments.

3. Flexibility of an indefinite loan term: Yamfore offers borrowers the freedom to repay their loans at any time, thanks to its indefinite loan term. This grants users enhanced control and flexibility over their financial obligations.

 

While Yamfore is still in development, its potential to revolutionize borrowing and lending on the Cardano blockchain is undeniable. By offering unparalleled features not found on other platforms, Yamfore paves the way for easier and more affordable access to capital for business growth and investment opportunities.

How Yamfore Operates: Yamfore functions as a decentralized protocol, meaning it operates without the control of a central entity. Instead, the protocol is governed by a community of CBLP token holders. CBLP tokens facilitate governance participation, staking on the protocol, and earning rewards.

To borrow assets from Yamfore, users must first deposit collateral, typically ADA, stablecoins, or other cryptocurrencies. Once collateral is provided, borrowers can access assets up to a specified percentage of their collateral's value. Interest rates on Yamfore loans are determined by supply and demand dynamics. When loan demand surpasses available collateral, interest rates increase. Conversely, if collateral exceeds loan demand, interest rates decrease.

Yamfore loans reach maturity upon full repayment at the end of the loan term. However, borrowers have the option to repay their loans ahead of schedule without incurring penalties.

 

Benefits of Yamfore: Utilizing Yamfore offers several advantages, including:

 

1. Protection against margin calls and liquidation risk: Yamfore borrowers are shielded from margin calls and the risk of losing collateral if asset prices drop below the loan amount.

2. Elimination of ongoing interest payments: By only requiring repayment of the principal loan amount and accrued interest upon the loan's conclusion, Yamfore helps borrowers save money on interest payments.

3. Flexibility of an indefinite loan term: Yamfore's indefinite loan term empowers borrowers to repay their loans at their convenience, providing greater control over their financial obligations.

 

Yamfore emerges as a promising lending protocol on Cardano, presenting unique features that distinguish it from other platforms. While still in development, Yamfore has the potential to revolutionize borrowing and lending practices on the Cardano blockchain, offering enhanced opportunities for borrowers and lenders alike.

 

$CBLP Tokenomics

 

The CBLP token is the native governance and utility token of Yamfore. It is required to use the protocol’s services, and it provides a decentralized and transparent method for individuals with the most monetary stake in the protocol to participate in governance. The CBLP token has three main attributes: Utility, Growth, and Governance.

 

Utility

 

The CBLP token is the native governance and utility token of Yamfore, and is a key requirement for using its lending services. The token underpins the entire functionality of the protocol’s lending mechanism, and there is a total fixed supply of 1 billion CBLP tokens. Yamfore is committed to a community-focused token distribution, with 75%+ of the tokens allocated to community members. This ensures that the CBLP token is distributed to those who are most supportive of the protocol’s success, not just to a select few affluent individuals.

 

 

Discord - http://discord.gg/FK5qtrmRE7

 

 

Q1 2022 (Completed✅)

• Initial protocol design & conceptualisation

• Private feedback gathering / protocol design refinement

 

Q2 2022 (Completed✅)

• Release Litepaper

• Initiation of Smart Contract development

• Initiation of frontend UI / UX design & development

 

Q3 2022 (Completed✅)

• NFBO ( Non-Fungible Bond Offering )

• Community Airdrop

• Partnership Announcements

 

Q1 2023 (Completed✅)

• Private Testnet

 

Q2 2023 (Ongoing👷)

• Public Testnet

 

Q3 2023 (TBD)

• FTO ( Fair Token Offering )

• External Smart Contract Audit

• Official Mainnet Launch!🎉

 

Q4 2023 +

• Progressive Governance via Yamfore DAO

   

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