Review on YF Link by Pedro O. Alvino M.
DeFi project integrated with the RenVM protocol
An open source project designed for users of the DeFi ecosystem, it offers a variety of services to generate passive income through liquidity pools, currency blocking, as well as the ability to use currencies from other chains such as BTC, DOGE, through the RenVM integration, which allows to obtain remarkable returns in a short time.
Thanks to its design based on the Ethereum network, it has several passive income services according to the type of currency to be blocked, in addition to the function of the YFL token, holders will be able to benefit from the fees generated in the YF Link ecosystem. The exchange it adds allows users to exchange currencies even from other chains thanks to the RenVM protocol.
YF Link's services are totally stable and secure, but being based on the Ethereum chain, it suffers from the congestion of said network and the enormous transaction costs, which affects the user's blocked capital when transferring funds. or withdraw the benefits that you incur from the project.
Regarding its future development, it has plans to offer a loan system, since other platforms in the DeFi ecosystem already have this service, but competition and the deficiency of the network may cause a decrease in the demand for services from the draft.
Pros
- It comprises a wide variety of services in the DeFi ecosystem.
- Provides a bridge between chains for the exchange of coins.
- It is compatible as Dapps in Web3 browsers.
- The YFL token economy offers great performance and benefits within the YF Link ecosystem.
- It has a logarithmic stable currency.
Cons
- It has broad competitors in the market.
- Being based on the Ethereum network, high fees can be a problem in the project services.
