Yanda
DeFi providers are linked to blackbox parties like centralized exchanges (CEXs) and this violates basic principles of decentralization & transparency, but also facilitates malicious operations (sometimes carried out by DeFi operators). Yanda protocol monitors and validates off-chain logics & transactions. Enables a new generation of Hybrid Finance dApps to emerge Connects DeFi and CeFi and store CEXs data on-chain Creates validation & verification logics to monitor off-chain operations The idea is to link centralized automation to the blockchain not only with the scope of oracle data but to audit and evaluate the tasks carried out in a centralized environment to guarantee safety and transparency. Protocol stakeholders interact on-chain to validate brokers’ actions and transactions and to legitimate the use of data passed from brokers to the end-users. The Yanda Token (YND) allows its holders to: Access the protocol and unlock features by holding $YND Stake your $YND to help validate transactions, and earn a return Earn benefits and protocol rewards (airdrop, access to premium features) Participate in the DAO governance with the ability to propose changes and vote.
About Yanda
DeFi providers are linked to blackbox parties like centralized exchanges (CEXs) and this violates basic principles of decentralization & transparency, but also facilitates malicious operations (sometimes carried out by DeFi operators).
Yanda protocol monitors and validates off-chain logics & transactions.
- Enables a new generation of Hybrid Finance dApps to emerge
- Connects DeFi and CeFi and store CEXs data on-chain
- Creates validation & verification logics to monitor off-chain operations
The idea is to link centralized automation to the blockchain not only with the scope of oracle data but to audit and evaluate the tasks carried out in a centralized environment to guarantee safety and transparency. Protocol stakeholders interact on-chain to validate brokers’ actions and transactions and to legitimate the use of data passed from brokers to the end-users.
The Yanda Token (YND) allows its holders to:
- Access the protocol and unlock features by holding $YND
- Stake your $YND to help validate transactions, and earn a return
- Earn benefits and protocol rewards (airdrop, access to premium features)
- Participate in the DAO governance with the ability to propose changes and vote.
