VyFinance Launches on Testnet (VyFi)
Episode by Peter Bui on March 30th, 2023
VyFinance is a decentralized finance (DeFi) protocol built on Cardano.
As a DeFi protocol, it provides users with various financial services, including yield farming, staking, and liquidity provision, with low fees and high returns with the help of an AI neural net which is in the next stage of development.
One of the key advantages of using VyFinance is that it operates on a KYC-less system, meaning that users do not need to undergo identity verification to start trading.
It also offers non-custodial liquidity provisioning, the first of its kind in the DeFi ecosystem.
The platform’s native token is VYFI, which can be used for governance and earning rewards. Users can participate in the platform’s governance through VYFI token holders and can earn additional VYFI tokens by staking at “the bar” or providing liquidity.
VyFinance aims to provide easy-to-use financial services for everyone, regardless of their level of experience in DeFi.
Try out the testnet at: https://app-dev.vyfi.io/