❓FAQ
Can you give me a quick summary of Yamfore?
Yamfore is a decentralized, non-custodial lending protocol on Cardano that offers crypto-backed loans with no margin calls, no ongoing interest repayments, and indefinite loan terms.
Are there really no margin calls, ongoing interest repayments and indefinite loan terms?
Yamfore's unique design eliminates the need for conventional loan features like margin calls and fixed repayment terms. Borrowers can access crypto-backed loans funded directly from the protocol's stablecoin treasury, bypassing traditional lending counterparty risks. This innovative approach offers flexibility and security, ideal for those seeking long-term crypto exposure without the burden of ongoing interest payments or forced liquidations due to market fluctuations.
How does it work exactly, who would fund the protocol with such favourable terms?
Yamfore generates revenue through a combination of fees on loans, including a flat CBLP fee, accrued interest repayments, and ADA staking rewards earned on borrower collateral. Borrowers repay the principal and accrued interest when closing their loan positions, regaining their deposited ADA collateral. This continuous cycle of loan repayments replenishes the stablecoin treasury, enabling further borrowing opportunities. Notably, Yamfore retains all ADA staking rewards generated from borrower collateral, providing an additional revenue stream for the protocol.
How is Yamfore different from other lending protocols?
Individuals who want a simple and completely passive loan position with no margin calls, liquidation risk, ongoing interest repayments, and indefinite loan terms will choose community-backed lending protocols like Yamfore. More risk-tolerant and financially savvy individuals who want a wide range of money markets to borrow, lend, short, long, and the like, will choose other more traditional lending protocols or platforms.
What initial lending parameters will the protocol launch with?
The Yamfore protocol will launch with the following lending parameters:
Who is the team working on Yamfore?
BigBlymp are the creators of Yamfore
Will Yamfore be audited before launch?
Yes, Yamfore will go through external auditing before mainnet launch. You can keep an eye out on our official Audit page to keep up to date with any code reviews.
When will Yamfore launch?
The official Yamfore roadmap outlines the teams current / future development milestones.
Where can I find out more about Yamfore?
The official litepaper covers everything you need to know about Yamfore.
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