What to expect in the coming months in VyFinance
It’s only been four days, and we can’t believe the reception that we’ve received. We’ve been able to garner over 2M $ADA TVL, as community members prepare for farming rewards to begin on the 29th of May.
Reflection on launch
We are grateful to the community for such a successful launch!
It’s only been four days, and we can’t believe the reception that we’ve received. We’ve been able to garner over 2M $ADA TVL, as community members prepare for farming rewards to begin on the 29th of May. Our strategy of allowing time for users to deposit liquidity before farms has ensured that the distribution of $VYFI will be as equitable as possible upon the commencement of rewards. We can’t forget the BAR either. With close to 2M $VYFI already staked at the BAR, people are already sharing in the profits of the platform.
We are incredibly proud of the work the team has put in, and the accomplishments we have achieved in the short time that we’ve been on mainnet. But now is not the time to rest on our achievements.
Top priorities for UI on the DEx
As successful as the launch was, there are UI additions coming to further enhance the user experience on our DEx. This includes, but not limited to:
- Charting added to our trading pairs
- Trade history added to our trading pairs
- Current limited orders on trading pairs
- More detailed breakdown of L2-LP contents
- Adjusting BAR ownership to include xVyFi held in liquidity
- Light mode
What’s coming next
Farms are due to begin accumulating rewards on the 29th of May. Once farms commence, users will begin to see their rewards accumulate on the home screen.
One of our priorities is implementing our NFTs as a farming boosting mechanism. We can’t give a specific date, but rest assured it is high on our priorities, and more information will be shared soon.
We want to push the boundaries as to what is possible on Cardano DeFi. With our incredibly innovative team, we expect to be releasing the first iteration of our Auto-Harvester by September.
Auto-Harvester V1
The first phase of our auto-harvester will include set strategies that will allow users to deposit a single currency, to access multiple liquidity pools simultaneously. The auto-harvester will aggregate the rewards, and allow users to manage risk across multiple liquidity pools through one instrument.
Summary
We are very excited to bring more features and products to the community, and are thrilled by the reaction to the launch that we have received. We can’t wait to grow Cardano DeFi and bring many new tools to the Cardano community.
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