VyFinance DEX on Cardano - Is it Unique In All of Crypto?
VyFinance, or VYFI, is a new decentralized exchange building on the Cardano network. VYFI DEX is set to launch in mid-May. We do a deep dive into its website, VyBar, token, staking, and automatic yield farming with a comparison to MinSwap DEX and Genius Yield DEX.
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Links in Order of Mention:
Cornicipas: https://youtu.be/RNNTM3M3ehk
ADA Handle: https://youtu.be/_ha7r618vJI
Genius Yield DEX: https://www.youtube.com/watch?v=9EAkro48hog&t=9s
MinSwap: https://www.youtube.com/watch?v=Khfqf_drBDM
Chapters:
00:00 - What is the VyFinance Decentralized Exchange?
01:57 - What are the VyFinance DEX features?
03:20 - What is the VyBar and how does it increase value for VYFI token holders?
03:50 - What is Automated Yield Farming on VyFi?
06:40 - A look at the VyFi Roadmap
11:38 - Some Fundamental Analysis on the VyFinance Collaborative Partners
14:55 - Who is the team building VyFinance?
15:46 - A walkthrough of the VyFinance dApp
18:15 - Is VyFinance the best vault system in Cardano?
18:38 - A look at VyFinance NFT Vaults for Crypto
18:55 - A look at VyFinance Liquidity Provider Vaults for Crypto
19:03 - How Does Liquidity Providing Work on a Decentralized Exchange?
22:54 - A Demonstration of how VyFinance will save time and dust fees with its revolutionary innovation for putting liquidity-providing tokens to work and farming
32:11 - What are the benefits of VyFinance’s innovations?
37:23 - How do vaults work on the VyFinance DEX?
42:28 - How VyFinance will use fees to redistribute to the stakeholders of the VYFI token.
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