Information can be used from social networks: https://y24.io/ https://y24-io.gitbook.io/y24/ and use hashtags: #Y24 #Yield24 #LRTToken #Blastio #LIDO #LDO #Gov #ETH #BNB #Airdrop #L2 #Bridge #Etherum
● Questions regarding Bounty Campaign asked in the https://t.me/y24_bounty , https://t.me/AladdinCenter
Introduction:
In the rapidly evolving landscape of decentralized finance (DeFi), Yield 24 (Y24) has emerged as a prominent player, introducing innovative solutions on EVM-compatible chains such as BNB, ETH, and Polygon. One of its groundbreaking offerings is the Liquid ReStaking Protocol, a novel cryptoeconomic security primitive that empowers users to optimize assets and earn passive income of up to 86% APY. In this article, we delve into the key features, tokenomics, and functionality of Y24, shedding light on how it transforms traditional staking into a dynamic and versatile financial instrument.
Liquid ReStaking Token (LRT):
At the heart of Y24’s ecosystem is the Liquid ReStaking Token (LRT), a bridge between blue-chip tokens like BNB, ETH, BTC, stable coins, and the Y24 smart contracts. Users staking their assets directly or through LRT gain access to a range of opportunities, including Real World Assets (RWA) securitization, leverage staking, Bitcoin staking, lending/borrowing, and more. The restaking feature not only enhances security but also provides users with additional avenues to earn rewards.
Key Features:
- Real World Assets (RWA’s) — Securitization: Y24 enables the securitization of Real World Assets, allowing users to leverage their staked assets in the DeFi ecosystem.
- Leverage Staking: Users can maximize their staking potential through leverage, enhancing their exposure to the market and potentially increasing their returns.
- Bitcoin Staking: Y24 extends its services beyond traditional assets, offering Bitcoin staking to users seeking diversification within the DeFi space.
- Lending/Borrowing: The protocol facilitates lending and borrowing activities, creating a dynamic financial environment within the Y24 ecosystem.
- Governance: Y24 incorporates a governance system allowing token holders to actively participate in decision-making processes related to the protocol’s development.
Tokenomics:
Y24 introduces two classes of tokens to facilitate community rewards and governance: Y24, the utility token, and the Governance token of the Y24 DAO.
- Token Ticker: Y24
- Total Supply: 50,000,000 Y24
- Liquidity Provider Rewards (18,000,000 Y24): Utilized to bootstrap liquidity and reward Yield 24 LPs.
- Community Incentives (17,000,000 Y24): Allocated for various campaigns, user acquisition, retention, and trading volume growth initiatives.
- Presale Allocation (7,500,000 Y24): Intended to secure funds for initial liquidity, marketing, and development expenses.
- Strategic Partnership (2,500,000 Y24): Reserved for high-profile external contributors to assist in strategic matters and partnerships.
- Team Allocation (5,000,000 Y24): With a 4-year unlock duration, this allocation incentivizes and aligns capable minds within the industry.
Frequently Asked Questions:
- What is Y24? Y24 represents a suite of open-source peer-to-system software tools actively deployed on EVM-compatible chains, enabling users to mint transferable utility tokens with associated rewards.
- How does Y24 work? Y24 protocols aggregate user tokens for staking with validators, generating transferable utility tokens (yBNB) and corresponding rewards. Unstaking involves burning yBNB to withdraw the stake balance and accrued rewards.
- What is yBNB? yBNB is a transferable rebasing utility token representing a portion of the overall staked BNB, serving as an indicator of the user’s share.
- How can I use yBNB? yBNB can be used as collateral, for lending, investing in RWA assets, trenches, staking, and various other DeFi applications.
- How can I unstake yBNB? Users can utilize the Withdrawals Request and Claim tabs to unstake yBNB, obtaining BNB at a 1:1 ratio, and claim ETH through the designated Claim tab.
Conclusion:
Yield 24’s Liquid ReStaking Protocol introduces a new paradigm in decentralized finance, providing users with unparalleled flexibility and opportunities for passive income. By combining traditional staking with innovative features like restaking, leverage, and real-world asset securitization, Y24 positions itself as a versatile and dynamic platform within the ever-expanding DeFi landscape. The carefully structured tokenomics and governance mechanisms further contribute to the sustainability and growth of the Y24 ecosystem, making it a compelling choice for crypto enthusiasts seeking enhanced financial opportunities.
More Information:
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