Gate.io AMA with YIN-Make Nice Structured Financial Products in Decentralized Finance

Time: Dec 3rd, 2021, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Marco,BD of YIN Finance in the Gate.io Exchange Community.
Official Website: https://yin.finance/
Twitter: https://twitter.com/YinFinance
Follow YIN on Twitter and Telegram

Guest

Marco — BD of YIN Finance

Q&A from Gate.io

Q1: Can you briefly introduce your project please?

Marco: YIN Finance is a multi-strategy NFT liquidity management platform that allows users to subscribe to liquidity management strategies to achieve effective high-yield. We aim to provide proactive liquidity management services on different public chains and decentralized exchanges. Currently, we are going to deploy on the Ethereum MainNet, subsequently we have plans to launch on BSC, Polygon, Arbitrum, Solana and Harmony.

Q2: Can you introduce yourself and the team behind YIN Finance?

Marco: My name is Marco and I’m responsible for external communication and collaboration in the YIN Finance team. I am mainly responsible for our global marketing strategy, user growth, project collaboration and pitches to Venture Capitals.
We are an anonymous team. The team at YIN Finance consists of several ‘scientists’, each with top DeFi development and community white hat experience. Our team members possess rich experience in DeFi project development, professional liquidity strategies as well as smart contract auditing experience, thus ensuring the security and financial return of our project.

Q3: And the name is very interesting..Where does the project name come from? Why did you choose that name for your project?

Marco: The name YIN is derived from the ancient Chinese philosophy of yin and yang — the concept of dualism, describing how opposite or contrary forces may actually be complementary, interconnected, and interdependent in the natural world. This is almost a perfect representation of what a liquidity pool is, as it requires a balance of two assets added into a pool. If one asset starts decreasing in volume, the price gets raised to a level where equilibrium is restored between both assets — hence, a yin-yang type of balance.

Q4: So let’s dig a bit more into the product itself…would you mind to elaborate further on YIN Finance and what are the different features that users like us can expect?

Marco: YIN Finance consists of 4 modules: (1) YIN, which is the governance token; (2) YANG, the user’s personal vault; (3) CHI, the programmable strategies and (4) Grand Master, the leverage pool. We can offer active liquidity management, automatic reinvestment and multi-party yield farming services for users.

CHI is the most important module because it is the core competitive advantage of YIN Finance to generate return for users. The strategies deployed via CHI are sophisticatedly designed by Shadow Labs, an institution which specializes in strategizing structural financial products, even in traditional markets. Later on, expectedly in Q1 2022, YIN Finance plans to be an open platform where users can create their own strategy and allow others to subscribe!

Q5: And so focusing on the token itself…Why should I purchase and hodl YIN token? What are the benefits?

Marco: For our YIN token, there are 5 major utilities as below, they should justify the reasons why you should hodl YIN token!

$YIN can be staked into YIN Stake Pool where users will be able to earn distributed platform transaction fees;

$YIN holders will be eligible for the governance of DAO (Decentralized Autonomous Organization) with voting rights for proposals and updates, proportional to the amount they hold;

Users can add leverage into their leveraged liquidity pool, proportional to the amount they hold;

Users will also receive gains from liquidation within leveraged liquidity pools;

$YIN is also required when creating personalized smart strategy CHIs in YIN Finance MainNet V2.