Yanda is a hybrid finance (HyFi) protocol that merges the innovation of DeFi and the security and transparency of traditional and centralized finance (CeFi).
The Yanda Token (YND) allows its holders to access the protocol and unlock features, earn rewards, stake it to help validate transactions and earn a return, to participate in the governance with the ability to propose changes and vote. YND will be released by the end of 2022.
Yanda allows the creation of an entirely new ecosystem of dApps. With them, you can trade automatically, swap cryptocurrencies, and take part in Yanda's DAO proposals.
The ecosystem includes:
Yanda is a DAO governance (Decentralized Autonomous Organization) with its own token.
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Tiwanaku is a cross-chain swap app between different networks with minimal costs. Moreover, it can guarantee transparency over off-chain transactions and overcome liquidity issues reducing slippage risks.
But Yanda is much more, and it has other use-cases!
For example, it can provide virtual/hybrid market pairs, on/off ramp solutions, create and govern stablecoins with minting, and other features for digital money.
How do on-and-off ramps work?
A crypto on-ramp is a gateway that permits connecting the fiat world and the crypto ones. The on-ramp is a solution that enables users to exchange their fiat money in return for cryptocurrencies.
Instead, cryptocurrency off-ramps are the opposite of on-ramps. Simply put, they are a way to cash out the earnings from cryptocurrency by selling their assets for fiat money.
On-ramps and off-ramps are essential solutions for bringing new users and new money into the cryptocurrency market. They play a crucial role in bridging the gap with the traditional financial world.
Stablecoins and minting
Minting is an essential component of the crypto ecosystem. It stays for coins and means minting new cryptocurrencies, tokens, or stablecoins.
Stablecoins are digital currencies minted on the blockchain with different collateral structures. There are three different types: fiat-backed, crypto-backed, commodity-backed, or algorithmic, but they always have the same aim and characteristics; stability.
They are also known as "stables" and bridge the gap between fiat currencies and crypto because they are price-stable digital assets like fiat but maintain cryptocurrency's mobility and utility. Moreover, they could be considered a solution to crypto volatility.
Networks bridges
A blockchain bridge is a protocol that connects two different and separate blockchains and enables interactions between them.
Thanks to the interoperability, Yanda's cross-chain bridge (Tiwanaku) enables the exchange of cryptocurrency and tokens from one blockchain network to another.
Yanda puts the user at the centre, providing access to the world of the DeFi and CeFi all in one place, making it one of the first Hybrid Finance (HyFi) protocols.
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