/biz/ - Business & Finance

[Anonymous No.22810533]

What is yfGamma?

yfGamma is a launching a new DeFi concept designed to reward token holders who yield through the platform. YfGamma $YFGM will give people the opportunity to stake their assets across a variety of pools, and in return, yield $YFGM.

There are 2 ways to stake and earn $YFGM

1. Stable coin staking- staking with stable coins such as USDT & DAI, and earn $YFGM in return. Further pools will be added to the platform in the future.
2. Staking of $YFGM- the native governance token of yfGamma. Earn $YFGM at a higher APY when staking the governance token.

Deflationary Mechanics

yfGamma will implement a unique deflationary mechanism that will burn tokens over time. There are 2 ways of doing this.

1. Buy & Burn method- the way this will work will be via stable coin staking. 100% of the yield profits earned from users staking stable coins, will be converted into ETH and then sent to Uniswap to market buy from the $YFGM pool, and then immediately sent to a burn address. Thus adding ETH to the pool and removing $YFGM.
2. Withdrawal Burn- this will happen when users unstake their assets from the staking pools. A 3% fee will be applied to the rewards which will then be sent to a burn address.
gg / Aqd5c3Z

[Anonymous No.22811050]

>>22810533
Post. Your. Hands.