Key Takeaways:
- Binance launches its 53rd HODLer Airdrops venture, Yield Foundation (YB), a DeFi protocol designed to spice up liquidity yield and cut back impermanent loss.
- 10 million YB tokens (value 1% of complete 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 charge: $0.
Binance continues to broaden its DeFi footprint by introducing Yield Foundation (YB), the 53rd venture underneath 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 latest decentralized finance tasks 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 decreasing 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, mechanically certified for the YB airdrop. In response to Binance, eligible customers will obtain their YB tokens instantly of their Spot Accounts at the least one hour earlier than buying and selling begins.
Learn Extra: Binance Unveils Its fiftieth HODLer Airdrop with the Giving Away of 32.5 Million WAL
YB Tokenomics and Airdrop Breakdown
- Token Identify: Yield Foundation (YB)
- Complete Provide at Genesis: 700,000,000 YB
- Most Provide: 1,000,000,000 YB
- Airdrop Rewards: 10,000,000 YB (1% of max provide)
- Circulating Provide at Itemizing: 87,916,667 YB (~12.56% of complete provide)
- Good Contracts:
- BNB Good Chain: 0xFB93EE8152dd0a0e6F4b49C66c06d800Cf1Db72d
- Ethereum: 0x01791F726B4103694969820be083196cC7c045fF
- Itemizing Price: 0
- BNB Holding Cap: Max 4% of complete 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 briefly on Binance Alpha – the trade’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 Targeted on Smarter Liquidity
Yield Foundation (YB) goals to unravel one among DeFi’s most persistent issues: impermanent loss, the short-term worth fluctuation confronted by liquidity suppliers when asset costs change.
The venture introduces a leveraged yield technique, balancing capital effectivity and danger management by way of dynamic market hedging.
Though extra info is forthcoming within the Binance Analysis Report, the design of YB is guided by an rising development in DeFi of “clever yield optimization” by 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 venture remains 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 value can transfer rapidly after the itemizing.
Consumer 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 mechanically 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.
