BSC is lightening fast network . Transactions that may cost 200/300 $ in Eth ecosystem can be done in 0.1–0.3 cents in BSC . Besides been faster then ETH it is also secure and has all the features the ETH ecosystem has. Leveraging its lightening fast and smart contract ecosystem YieldPanda is born.
Yield Panda is a novel decentralized financial application which is seeking to bring opportunities within De-Fi to anyone with a smartphone. ypanda is making it easier for holders to receive better yields in crypto sphere and earn passive income.
The Yield Panda tokenomics apply a special tax to every buy or sell of the tokens. 6.2% are redistributed back to holders while 3.8% are burned forever reducing the total supply. With the yPANDA token there is no need to stake or lock up your tokens anywhere to receive rewards. Just hold tokens in your wallet and watch your balance increase.
What is YieldPanda(ypanda)?
Yieldpanda(ypanda) is a comprehensive De-Fi ecosystem who is trying make its mark in dual earning ecosystem .It is a very new and marketspace and still not congested with many competitor.
How YiledPanda works?
Yield panda charge a small amount of token in the form of slippage when you Buy/sell and transfer ypanda token to different addresses. It then redistribute this token to holders and also burn some amount of it.
The ypanda smart contract charges 11% slippage ,if transaction fail 12% or 13% max .Whenever you Buy/Sell or transfer ypanda 62% of 11% slippage commission that ypanda charges is send to holders almost instantly and automatically via smart contract and rest 38 % is burn to reduce supply .
The percentage of fees you receive as a bonus is calculated based on percentage of ypanda you hold.
There is no team or central party that has to award fees. There is no interface to claim fees. No action to be taken on your part other than to hold ypanda in a wallet you control.
The overwhelming majority of DeFi projects require trust in a central party and interaction with complex, buggy, and easily hacked contracts.
Rewards for interacting with these contracts often come from the minting of new tokens, necessitating confusing (and usually centralized) economic mechanisms that attempt to give the underlying reward token some value.
This places an enormous amount of risk on individuals that choose to interact with DeFi smart contracts. For simplicity, lets break down some of the different kinds of risk accepted by average DeFi participant :-
- Price and Market risk: Price movements of a specific token or the market as a whole that negatively affect the token holder.
- Security risk: Vulnerabilities in smart contracts or interfaces that the token holder interacts with.
- Economic Design risk: Tokenomics that are poorly design and unsustainable.
ypanda is uniquely designed to address these problems and reduce the aforementioned risks. Lets look at how ypanda reduces each of the risks mentioned in the previous section:
- Price and Market risk: These risks come with any free market. Anyone claiming to guarantee a specific yield or eliminate this risk are lying to you.
- Trust related risk: No ICO, No Pre-sale, No Fundraising. No vaults or treasuries. No community funds that could be mismanaged. No website or interface is required for the token to function. As long as BSC exists, ypanda fees will be generated and distributed with each transaction.
- Security risk: Because fee generation and distribution is baked into the core smart contract, security risk is greatly reduced. No external contracts or interfaces need to be interacted .
- Economic Design risk: ypanda has a fixed cap of 100M. The yield comes from distributing fees instead of newly minted tokens. As holders get commission for every transaction , percentage of the total amount you own keep increasing while total circulation decreases by continues burning of 38% of slippage commission earned by ypanda ecosystem , giving more boost to the price . Earning network fees is an established and tested method of earning yield.
The Major leap — Opportunity Cost
Beyond the extreme risks involved with DeFi, individuals must stake or park their tokens in a contract to earn a yield. There is a massive opportunity cost associated with it. Participants could be using their locked tokens to earn a yield some other way but are unable to seize that opportunity while tokens are locked.
Lets look how ypanda addresses this issue.
ypanda fees are awarded automatically and do not require any transaction to be executed by the holder in order to earn fees. This allows ypanda to be used in any other smart contract in addition to earning yield from the transaction fees.
To facilitate this, ypanda is working (work under progress)on a smart contract that exposes some new methods that allow other smart contracts to easily determine fees earned by each address for any period of time even when funds are pooled together. This is a huge leap in DeFi that enables the direct staking of ypanda tokens and while holders also earn rewards for transaction going on ypanda network , its called double yield generation.
For example, you could farm or stake your ypanda on a third party app that partnered with ypanda and earn a yield from that while still earning fees from ypanda transfers. The staking contract could use ypanda’s new methods to easily determine the fees earned on the amount you provided during your interaction with the lender contract.
By reducing friction and eliminating the burden of contract interaction to earn a yield, ypanda is truly a step forward in DeFi.
A Fair and Free Market
Ypanda smart contract is complete at launch. There was no ICO, no pre-sale and no fundraising of any kind. There are no more features to add. There is no individual or team to be relied upon to give ypanda any value.
85% of total fixed supply of 100M tokens is in circulation .
15% of total fixed supply of 100M tokens is reserve for any bounty , promotions.
Liquidity of the token is locked by sending LP token to burn address. In essence it’s locked forever. Check out below
Total 100M supply keep decreasing every time when someone buy /sell or transfer ypanda token as they pay slippage cost which is redistributed to holders and burned continuously .
In launch of just 5 days ypanda manage to burn 25% of all token supply . which is a huge milestone.
The main competitor if ypanda is RFI. ypanda is fork of RFI similar to 1Inch which is fork of Uniswap . RFI rewards much lesser commission to its holders in comparison of ypanda. Those who are more curious may look at RFI and Compare it with ypanda.
There are few truly decentralized cryptocurrencies in this space that doesn’t require staking to earn money . Just hold ypanda in your wallet and it yield automatically no staking , no polling nothing . Whenever someone buy/sell ypanda token ,your share based on how much you hold increases.
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