Key Takeaways:
Binance launches its 53rd HODLer Airdrops challenge, Yield Foundation (YB), a DeFi protocol designed to spice up liquidity yield and scale back impermanent loss.10 million YB tokens (value 1% of whole provide) distributed to eligible BNB holders through Easy Earn and On-Chain Yields.Buying and selling begins October 15 with YB/USDT, YB/USDC, YB/BNB, YB/FDUSD, and YB/TRY pairs; itemizing price: $0.
Binance continues to increase its DeFi footprint by introducing Yield Foundation (YB), the 53rd challenge below its HODLer Airdrops program, providing BNB holders retroactive rewards for staking participation. The transfer reinforces Binance’s rising technique to reward long-term holders whereas accelerating listings of recent decentralized finance initiatives with sustainable yield mechanisms.
Binance Launches Yield Foundation, the 53rd HODLer Airdrop
In its newest announcement on October 14, Binance confirmed the addition of Yield Foundation (YB) to the HODLer Airdrops web page. YB positions itself as a DeFi yield protocol designed to offer liquidity suppliers with optimized returns utilizing leverage whereas lowering publicity to impermanent loss, a long-standing problem in automated market-making.
Customers who subscribed their BNB to Easy Earn (Versatile or Locked) or On-Chain Yields merchandise between Oct 9, 00:00 UTC, and Oct 11, 23:59 UTC, robotically certified for the YB airdrop. In keeping with Binance, eligible customers will obtain their YB tokens straight of their Spot Accounts no less than one hour earlier than buying and selling begins.
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YB Tokenomics and Airdrop Breakdown
Token Title: Yield Foundation (YB)Whole Provide at Genesis: 700,000,000 YBMost Provide: 1,000,000,000 YBAirdrop Rewards: 10,000,000 YB (1% of max provide)Circulating Provide at Itemizing: 87,916,667 YB (~12.56% of whole provide)Sensible Contracts:BNB Sensible Chain: 0xFB93EE8152dd0a0e6F4b49C66c06d800Cf1Db72dEthereum: 0x01791F726B4103694969820be083196cC7c045fFItemizing Charge: 0BNB Holding Cap: Max 4% of whole common BNB pool per consumer
The brand new asset will listing on Binance Spot at 11:00 UTC on October 15, opening with pairs in opposition to USDT, USDC, BNB, FDUSD, and TRY. Deposits open at 12:00 UTC on October 14.
YB will even seem quickly on Binance Alpha – the change’s pre-listing discovery zone however can be eliminated as soon as spot buying and selling begins. Binance Alpha customers can switch their YB to Spot Accounts inside 24 hours as soon as buying and selling goes dwell.
Learn Extra: Binance Airdrops 720M+ LINEA in Shock HODLer Airdrop Earlier than Massive Itemizing
Yield Foundation – A DeFi Protocol Centered on Smarter Liquidity
Yield Foundation (YB) goals to unravel certainly one of DeFi’s most persistent issues: impermanent loss, the momentary worth fluctuation confronted by liquidity suppliers when asset costs change.The challenge introduces a leveraged yield technique, balancing capital effectivity and danger management by dynamic market hedging.
Though extra data is forthcoming within the Binance Analysis Report, the design of YB is guided by an rising development in DeFi of “clever yield optimization” during which algorithms reposition publicity in order to optimize rewards and guard in opposition to volatility.
The truth that Binance listed YB within the Seed Tag class implies that the challenge continues to be in its early years, but it has a excessive potential of improvements. The seed tag assists customers in establishing new and high-risk-high-reward property the place the worth can transfer rapidly after the itemizing.
Person Entry, Airdrop Timelines, and Buying and selling Options
The airdrop rewards of the YB can be given away inside 24 hours of announcement and all of the eligible tokens will robotically seem within the Spot Wallets of the customers. Spot buying and selling will go dwell on October 15, adopted by Spot Copy Buying and selling and Buying and selling Bots integration inside one hour.
Binance has additionally confirmed that Spot Algo Orders can be accessible for all YB pairs instantly after itemizing, permitting merchants to automate entry and exit methods at launch.
