YIP-06: Public Bond NFT Issuance and POL Locked-in on BNB Smart Chain

Motivation With the issuance of bond NFT to our public, YIN Finance will deploy and lock-in the proceeds into AMM liquidity pool for trading pair $YIN / BUSD on a DEX. The bond NFT will be sold with a discount as a reward to YIN Finance protocol participants. The LP tokens of Protocol Own Liquidity (POL) will be locked for multiple years under permissionless smart contract protocol. From YIN Finance protocol perspective, this will enhance the POL in the AMM liquidity pool. The transaction fee earned will serve as an extra revenue stream. For $YIN token holders, this operation will ensure the depth of the liquidity pool which can support bigger trade volume. Traders will experience greater price stability considering the greater locked-in liquidity in the pool. In the long run, this encourages long term holding of $YIN tokens.

Proposed Bond Issuance and POL Locked-in The bond NFT is proposed to be minted by Solv protocol with sales starting from 28th of March 2022 for a duration of 12 days. Primary sales will take place on Solv protocol and Galler NFT, with 1000 bond NFT on each sales platform. Each bond NFT is priced at $100 and the target proceeds is $200k. Proposed discount of the bond NFT is 8% with a linear vesting of 10 days. Total value of $YIN sold via the bond NFT will be ~$217.39k. The bond NFT will be tradable on Galler NFT. The POL will be locked-in on DODO dex for a period of 5 years. The LP token obtained by providing liquidity into the pool will be vested in another form of NFT from Solv protocol.

About YIN Finance YIN Finance is a multi-strategy NFT liquidity management platform that allows users to subscribe to liquidity management strategies to achieve effective high-yield. The protocol is based on a decentralized financial service organization and aims to provide services on different public chains and decentralized exchanges. It is deployed on the Ethereum MainNet with budding deployments on Polygon, Optimism, BSC and Solana. YIN Finance has also secured the grant from Polygon. Considering the high growth DeFi world, the potential for financial services and solutions in this space continues to expand at a rapid rate. For more information, please refer to https://docs.yin.finance. For direct contact, please email us at market@yin.finance