Yieldification Perpetual Futures Launch
Yieldification; launched in August 2022, is a yield earning staking protocol with tradeable/transferable stake NFTs and utilizing lock ups, yield vesting and early unstake penalties, for sustainability.
DETAILS
- This is the launch of Yieldification’s Perpetual Futures trading feature
- Users will be able to trade (long/short) weighted index assets using $YDF (native token) as collateral; where the price of the index is the weighted average of all the individual assets
- Indexes available include; L1 index (BTC, ETH, SOL, BNB), Tech index (Apple, Amazon, Microsoft, Netflix), Swap index (CAKE, SUSHI, UNI) and Inu Index (DOGE, SHIBAINU)
- 50x maximum leverage available
- Trading fees will be charged in $YDF — 0.1% of the position size on opening/closing, and 0.005% for every hour that the position is open
- Utilizes Chainlink Keepers oracle for price feeds
Blockchain
