VyFi (Vy Finance)

Multiple investment avenues in one platform. Offering an investment managing AI “neural net” for beginners, and total investment control for advanced users.

The VyFi platform expects it will take them two years to get all of the elements of their ecosystem up and running. Once it is all operational governance is going to be handed over to holders of the VyFi token who can use them to vote on proposed changes to the system. Users can also submit proposals to the platform for voting. The elements of the Vy Finance platform are as follows:

DEX

Utilizing an automated market maker, AMM, functionality to facilitate token swaps, the DEX is the principle method for releasing the platform’s native token, VyFi, into circulation. Users stake to the DEX to provide liquidity and receive their rewards in VyFi.

Yield Farming

Users stake their ADA to the Vault. The funds in the Vault are then used as liquidity in both VyFi’s DEX and outside markets. Users can also stake special VyFi NFTs and earn rewards for doing so. Rewards are paid to stakers in VyFi tokens. Strategic partnerships with other Cardano Native Token releases are in the pipeline to help increase liquidity and provide greater liquid exposure in these markets for those who stake their ADA with VyFi’s Yield Farming element of the protocol.

Auto-Harvester

The auto-harvester is supported by the “knowledge” from the neural net and manages trades in the International Markets unitized hedge fund. The auto harvester will also manage the funds of those who prefer to leave the management of their investment to the platform.

International Markets

This is a proprietary-trading firm, i.e. a private hedge fund, run by one of the creators of VyFi, into which the auto-harvester is going to be integrated and is the principle money making element. When funds are deposited into this fund from the FIAT side they are used to provide the depositor with exposure to both the benefits and risks associated with investing in cryptocurrencies. Users of this fund receive “units” of the fund representing their deposits.

In order to operate this fund the owner needs to obtain licensing to operate as an accredited investment firm in Australia, by obtaining an Australian Financial Services License, AFSL. This is going to be the last thing undertaken after the build out of the platform.

BAR

The VyFi BAR is staked to with VyFi tokens. It receives various percentages of profits from across the protocol namely:

0.05% of DEX trades
15% of International Markets (auto-harvester) profits
15% of yield farm profits

Users who stake their VyFi tokens to the bar receive xVyFi tokens which represent their share of the VyFi BAR. This is described as an “ownership share of fees generated by the business” by one of the creators and the value of these tokens will increase over time as the value of the BAR increases because of the above inputs.

Fees

The fee structure for this ecosystem is highly intricate and difficult to explain with just words. As such this is not going to be attempted here and it is recommended that the reader reference the diagrams in the whitepaper to get a full grasp of fee distribution.

What can be said is that a proportion of the fees and profits from the various elements of the protocol are put into the BAR where they are used to reward those that have invested in the BAR.

Educational Platform

Once users have staked their ADA to the platform they gain access to VyFi’s Learning Management System, LMS. Through this users can learn about the risks of the crypto market, particularly the DeFi sector, and educate themselves on the risks of trading in crypto.

Further down the line VyFi are looking to connect cross-chain bridges to their protocol to further diversify how the system operates.

Industry

DeFi

Investment Management

Tags

Education

Yield Farming

DEX

Trading

AMM

Partnerships

View 8 partnerships

Author

builtoncardano

Viewpoints

Add Viewpoint

Links

Project Website

Glossary

NFT

If you’re looking for a Cardano NFT then you’ve found the place for you! listed here are all the projects that feature NFTs in some form on Cardano. NFTs are no longer just the PFP collections that made them famous, although many do still exists and you can find Cardano NFT projects here, NFTs are assets with multiple different types of utility, depending on which project’s NFTs your buying.

A Cardano NFT is a native asset on Cardano which means that, unlike on other (specifically EVM-based) chains, an NFT is not managed by a smart contract, meaning that it behaves and is managed differently to the chain’s base asset, ada. On Cardano NFTs behave the same as the chains base asset as they are native to the chain.

On this page you’ll find everything from Cardano NFT projects to DeFi projects and decentralized identity (DID) solutions that have incorporated NFTs, to the Cardano NFT marketplaces you can use to purchase NFTs.

Educational

Education platforms and resources offer content, in many forms, that helps to educate people about different faucets of the Cardano blockchain. These can range from blogs to instructional videos and can cover everything from what a blockchain is and how the technology works, to a course on Plutus, Cardano’s smart contract language.

There are many dedicated educational resources in the Cardano space, however many protocols and dApps offer educational content for their users to supplement their product and to help with onboarding users.

Education

DEX

Here is a Cardano DEX list for you to explore all the decentralized exchanges built on Cardano. There are multiple Cardano DEX projects for you to choose from, each with a different take on the DEX concept and the way of managing a decentralized exchange protocol.

Listed here are Cardano DEX projects that are based on both the automated market maker (AMM) and the traditional order book style of exchange. Both types of DEX on Cardano, like any other exchange, require a good amount of liquidity to operate effectively. This leads many to say that the best Cardano DEX is the one with the most liquidity. However, there are many other factors that the users of these DEXes would tell you to take into account before deciding which is the best Cardano DEX, and which one you should interact with (although a high amount of liquidity is a good indicator for users).

Interestingly, many Cardano exchanges, such as Sundaeswap, use the concept of “batchers” to collect, order, and execute transactions. This reliance on a small group of batchers to order and execute user transactions reduces the decentralized nature these exchanges as these entities could easily collude to front run transactions from particular wallets or to censor transactions from other wallets.

DeFi

Here are all the Cardano DeFi projects complete with descriptions and tags. If you’re looking for a Cardano DeFi exchange, a lending protocol, a launchpad, a Cardano stablecoin, or platforms on which to tokenize real world assets then you’ve come to the right place. The Cardano DeFi ecosystem is maturing and, as it does, we will continue to list the new Cardano DeFi projects here. If you look at Cardano in 5 years this list will be substantially different, some projects will have left it, but many many more will have been added.

If you’re looking to simply swap Cardano native tokens then a Cardano DEX is your best choice. If you’re looking to utilize your crypto holdings for a loan then take a look at all the Cardano lending and borrowing platforms on offer and choose which one fits your needs. There is much more utility in the Cardano DeFi world and we invite you to explore it here!

Cross-Chain

The protocols and projects tagged here are interoperable with one or multiple other blockchains. Projects with this tag include those that provide the infrastructure of this inter-chain-operability, such as the providers of blockchain bridges, or they could be protocols or projects that operate across multiple chains by utilizing these blockchain bridges. There are also projects that can be cross-chain without these blockchain bridges, however these usually rely on a 3rd party, custodial entity to facilitate this, instead of a trustless, blockchain bridge.

AMM

AMM stands for Automated Market Maker. This is an algorithm, often supplemented by oracles, that facilitates the pricing and exchange of assets between users. Assets are exchanged at market value through liquidity pools. These pools are created by Liquidity providers, LPs, who deposit assets to the exchange in pairs. This “asset pair” then allows users to swap one asset for the other through the liquidity pool. Fees are paid to the LPs who provided the liquidity. The more liquidity a pair has the less “slippage” a user experiences, meaning the less likely the user is to experience a price change in their trade.

DEX

Yield Farming

Auto-Harvester

International Markets

BAR

Fees

Educational Platform

Compare similar projects toVyFi (Vy Finance)