YFDAI (YF-DAI) has up to date its 2021 roadmap on the heels of launching the SafeSwap Governance Token, SSGT. The launch of this token achieves a main aim set for Q2 of the year, and with more than half of the quarter nonetheless in advance, end users can count on various changes for existing YFDAI goods as perfectly as additions to what YFDAI has to supply the DeFi community. The roadmap for Q3/Q4 identifies updates for YFDAI’s core products line of protection-centric ‘rug pull proof’ DeFi products, new solutions established to launch, and the foundations remaining laid for enlargement into insurance policy further more down the road.
Considering that releasing their roadmap, YFDAI has also announced a partnership with Polygon (previously Matic), in which YFDAI will utilize the Polygon protocol and blockchain framework to solve inherent Ethereum fuel problems, even though boosting scalability and interoperability of YFDAI’s ecosystem. The two corporations will also share resources in which YFDAI’s LaunchPad tasks will be equipped to very easily listing on QuickSwap, Polygon’s indigenous Dex. YFDAI options to entirely go their DEX, SafeSwap, to Polygon, with supplemental details to comply with.
The SafeSwap Governance Token is Here
SafeSwap limits consumer exposure to illiquid tokens and rugpulls by upholding rigorous requirements for initiatives wishing to enter their tokens on to the YFDAI’s DEX. The most recent token to be additional to SafeSwap’s liquidity pools is now its own and it has several noteworthy utilities. YF-DAI holders, stakers and farmers ended up suitable to get SSGT by way of airdrops that had been introduced above the previous 6 weeks, and gain SSGT in other ways. In addition,the tokens can also be bought by way of the SSGT community sale on Tuesday, May well 11th.
SSGT has numerous uses past its keep of value as the token of a prosperous DEX. These works by using contain voting legal rights in the DAO, liquidity benefits from SafeSwap, staking rewards of 72% a yr, and amplified allocations for forthcoming presales. Even more particulars about the token’s utility governance rights and NFT rewards can be uncovered listed here. YFDAI has also released an in depth record of FAQs about its recently introduced token.
Lending and Borrowing Start Qualified prospects Q2 Updates
Right after receiving a token of its own, SafeSwap will be looking forward to a refresh in the weeks that stick to. Supplemental adjustments for existing solutions include things like a ramp up for YFDAI LaunchPad projects and an update for SafeTrade’s reduced-risk, minimal-frequency automated buying and selling bot algorithms. Since its launch before this yr, LaunchPad has supplied an incubation area for quality and vetted assignments to attract the consideration of buyers, and far more new projects will be on supply as Launchpad has established to be a achievement of its possess.
The biggest news for Q2 after the launch of SafeSwap’s token is YFDAI’s entry into lending/borrowing. The skill to collateralize and borrow against belongings carries on to show itself an vital pillar of DeFi, and this June YFDAI expects to make its very long-awaited entrance into the industry. Particulars about the launch are forthcoming, but it can be assumed that YFDAI’s lending/borrowing system will be branded equally safe as its other additions to the DeFi ecosystem.
Updates and Additions for Q3/Q4
Releases announced for Q3 suggest an additional interesting quarter is anticipated for people as a debit card, cellular app, and new products launch, SafePredict, are all established to arrive. When the issuance of a debit card and cell app enable spherical out the release of core characteristics declared by YFDAI in 2020, SafePredict follows a much more new pattern soaring in popularity for predicting the long run selling prices of cash. SafePredict will rollout with YF-DAI as its most important token and options to expand to ETH, BTC et al in the long term.
The third quarter will also welcome growth on to a layer 2 alternative (even though this will probable appear a lot quicker), raising transaction speeds, reducing fees for customers, and encouraging to lessen the all round congestion of the Ethereum community. Growth onto a layer 2 solution will imply additional transactions can be executed for less gas, and this must in convert assist spur on long term developments and far more complicated merchandise that rely on many transactions. In addition, YFDAI will commence modeling its insurance product as it progresses stage-by-stage in direction of entering DeFi insurance coverage.
Options slated for Q4 consist of launching a new consumer provider system, integration with ecommerce following the launch of a debit card, and the exploration of bridging DeFi with real-world assets. Wanting forward to these up to date targets from today’s vantage stage, YFDAI appears poised to develop the DeFi community’s entry to protection-concentrated tools nicely into the new calendar year