Yamp Finance is an automated crypto lending platform for users of Polygon, BSC, ETH and SOL.
It provides first-of-its-kind benefits to both lenders and borrowers.
It’s the first and only platform designed to use LP tokens as collateral for automated lending across 4 different blockchains. This virtually eliminates the risk of impermanent loss to liquidity providers.
For borrowers, Yamp is the only DeFi protocol that can allow 10x or higher leverage across 4 blockchains on borrowed positions with much lower liquidation risk.
Leverage With DeFi Lending
Yamp offers a much higher max leverage based on the same risk tolerance.
Other lending platforms require borrowers to over-collateralize, putting on average, at risk over 300% of the amount borrowed, making leverage positions risky and a non-viable financial product.
Yamp’s collateralization model offers much less risk to the borrower’s collateral (with no risk of default to the lender). This allows investors to achieve much higher leverage for a given risk tolerance.
Leverage is a popular feature on centralized exchanges like Binance, but is virtually unheard of in defi.
Yamp allows leverage of 10x or higher on borrowed positions.
YAMP Yield Farming – With Leverage
The tokenomics plan allocates 50% of the supply to farming rewards over 4 years.
The protocol will distribute YAMP tokens to borrowers based on the size of their loans.
The ability to farm tokens by borrowing will attract early borrowers and increase the interest rates they are willing to pay to lenders.
The higher the leverage, the more yield you can farm. This can quickly increase demand for loans.
This is designed to create a day 1 feedback loop that provides stronger incentives to lenders, generates revenue, and increases the value of the YAMP token.
YAMP Token
YAMP is a governance token that controls all the reserve income generated by the Yamp lending markets across all supported networks. Holders will have the ability to receive this passive income, as well as governing the future of the project.
