Yield Optimization Platform
|All Time High:|
|Market Cap: |
|The price of #YOP today is $0.00346 USD.|
The lowest YOP price for this period was $0, the highest was $0.00346, and the current live price for one YOP coin is $0.00345893.
The all-time high YOP coin price was $3.92.
Use our custom price calculator to see the hypothetical price of YOP with market cap of BTC or other crypto coins.
|The code for Yield Optimization Platform crypto currency is #YOP. |
Yield Optimization Platform is 2 years old.
|The current market capitalization for Yield Optimization Platform is not available at this time.|
Yield Optimization Platform is ranked #2733 out of all coins, by market cap (and other factors).
|The trading volume is unknown today for #YOP.|
|The circulating supply of YOP is 88,888,888 coins, which is 100% of the total coin supply.|
YOP Sunset — The Why
YOP Sunset — The Why - We want to take a minute to explain why it was decided that YOP Finance (YOP) should be sunset. The short answer is that the maths no longer worked and the two sides of the equation were no longer balanced. The longer answer: The subsidiary YOP Ltd in Seychelles (where the product was held) was funded by the parent company Emergent Entertainment (Emergent), formally known as Pluto Digital (Pluto). From the day YOP was purchased until the day it was shut down, all staff costs for YOP were paid for by Pluto and then Emergent. From the day Pluto acquired YOP in September 2021 until YOP went live in May 2022, Pluto paid all of YOP’s operating expenses. At the point it went live, YOP was to become a self-sustaining entity. It was given a loan from the parent company to help it and YOP set out to make a life of its own. As we all know, and as was covered in the Sunset Post, since May the crypto market has gone from bad to worse, but YOP kept fighting and tried to keep the books balanced. The loan was held in various crypto currencies, depending on what it was being used for (Marketing, Oracles, Audits, Bug Bounties, etc…). Although there was a market scare caused by Celsius a few months ago, BTC and ETH both rebounded from their then lows and looked, at worst, to be stabilising. Then came FTX. This significantly hit the price of, and confidence in, crypto and sent things lower. The lower prices me...
YOP Protocol Sunset Post
It is with a heavy heart that we announce we are sunsetting the YOP Protocol. In spite of this horrendous crypto winter, YOP Finance (YOP) has put huge effort into trying to make this a success. One of the first investments that Pluto Digital (Pluto) made as a VC, when YOP needed further backing to ensure its survival, Pluto stepped in to rescue the protocol and brought it inhouse. As we now know, this was at the height of the crypto market when DeFi and $BTC were strong and growing. Since then, despite receiving many significant blows YOP kept on fighting. We went into a Private Launch with great fanfare. Unfortunately this was short-lived as the next day Russia invaded Ukraine, destroying the macro environment. We fought on, improving the Dapp and building out boosting before our Public Launch. The week following the Public Launch saw the Terra/Luna crash, closely followed by the Celsius bankruptcy, the crash of the crypto markets and the start of the crypto winter. We battled on. Working on improvements to the Dapp, launching campaigns such as Free Gas and promotional competitions, as well as endless amounts of AMAs to get the word out about YOP. Our messaging about transparency and security has become a standard for the industry as others have been found wanting. Unfortunately as some of the biggest names in the industry exploded around us, instead of our message resonating, it has been lost in the noise. We wanted to g...
YOP Finance Referral Scheme
A recommendation from someone you trust holds far more weight than that of a stranger or some random advertising. The fact that this trusted person thought to share something with you shows that you might have an appreciation for what they are telling you, that you might have a common interest, or that you may somehow benefit from the information they are bestowing upon you. It is to this end that we are launching the YOP Finance Referral Scheme. We know a lot of you have already been telling friends and family about the great opportunity that YOP Finance provides. How we provide a trusted and transparent service, coming from a doxxed team, always holding itself to the highest ethical standards (and did we mention the amazing APY we provide too?). Like I said, we know you have been doing this, and we thank you for it. Now we want to reward you for this and incentivise you and others to continue spreading the great news about YOP Finance. We know that talking to people about crypto and DeFi in the middle of a crypto winter can be hard work (heck it can be hard enough when things are booming), so we want to reward you for continuing to do it. For continuing to explain to your friends why bitcoin has value, why Proof of Stake will help solve the blockchain energy problems, why web3 will help us take back control of our data, and most importantly why YOP Finance can give you great APY on your crypto and how this APY can be signif...
YOP Finance Ambassadors
YOP Finance is all about the community and empowering our users. One of the end goals for YOP Finance is to become a fully-fledged DAO, with full governance in the hands of the YOP Finance community. This is an important step in the process of a committed DeFi product, as we look to remove the centralised aspects of the business in a sensible and responsible manner. Once our community has reached a critical mass, we will be able to empower the DAO to start taking over key features of the product. Today we are taking one of the first key steps on this journey, by introducing the YOP Finance Ambassador program. A core group of the YOP Finance community has banded together to take a more active role in driving this product forward, and with this, provide the initial steps in this becoming a community led product. Over the next few weeks, we will introduce you to the founding YOP Finance ambassadors, who will help forge this new era. Next Monday the first of these new ambassadors will introduce themselves and we will conduct a Q&A with them. The Q&A will be a great opportunity for you to get to know them better, find out why they got into crypto and DeFi, what attracted them to YOP Finance, what their thoughts are on the future of crypto, DeFi, YOP, and much more. Following on from the Q&A, in their role as ambassadors they will be engaging with the YOP Finance community, providing content, hosting Twitter Spaces, an...
NFTs are Dead, Long Live NFTs
This year has seen significant price drops across NFTs. Trading volumes in NFTs have tumbled 97% from the record highs of $17 Billion seen in January this year, to the volumes we are now seeing now around the $465 Million mark. The NFT decline has been part of the wider crypto winter that has seen around $2 Trillion of declines in the space, caused by tightening monetary policy around speculative assets. That said, there is more to the NFT price decline than the blow up of Celsius and Luna causing market panic. The first wave of NFTs were born out of FOMO, like a lot of new technologies are. People aped in (excuse the pun) to whatever the latest NFT craze was, and not just CryptoPunks and Bored Apes. Jack Dorsey sold his first tweet for $2.5 Million to a Malaysian businessman, who then struggled to move it on, with the top bid coming in at $280 (the owner was looking for about $48 Million)! It’s almost as if people have realised that JPEGs aren’t worth millions of dollars! That said, the CryptoPunks and Bored Apes were significant players in the first wave, they are going to retain retro value even if they don’t all hit the prices they saw earlier this year. A lot of NFTs will die though. This does not mean that NFTs are dead! NFTs with measurable utility are starting to appear more and more now. It will take time for the volumes to get to the previous peak. We are in a crypto winter, and a lot of trust in the market ...
YOP Finance and The Ethereum Merge
Now that we draw closer to the Ethereum Merge, we wanted to provide some additional information about this significant event in the blockchain community. The Ethereum Merge is a network upgrade that will change Ethereum’s current consensus mechanism from “Proof of Work” (PoW) to “Proof of Stake” (PoS). The Merge is due to occur on or around the 15th September 2022. This is based on the Terminal Total Difficulty value of 58750000000000000000000 being hit, which will then trigger The Merge. For more details on The Merge event timing prediction, check out 👉 bordel.wtf Or you can watch a countdown to the Merge here 👉coinmarketcap.com — Will the Merge affect you?. — Your assets will be safe and secure during this period and there is no action required of you, but we are sharing information on what to expect during the Merge. — No action is needed from you but stay alert for scams. — It’s important to always be on high alert for scams, but especially leading up to the Merge. We recommend you don’t send your ETH to anyone in an attempt to “upgrade to ETH2” as there is no ETH2 token. Your assets will be safe and secure during this period and no action is required to upgrade on your part. — Ethereum Forks. — There is talk of an Ethereum fork to create a new PoW version, ETHPoW. A word of warning on ETHPoW. If the ETHPoW ChainID remains as 1, as it is now (the same as ETHP...
YOP Finance — RainbowKit Wallet Connector Release Notes
YOP Finance — RainbowKit Wallet Connector Release Notes - A key pillar of YOP Finance is ease-of-use. Something we have noticed since we went live with the YOP Finance app earlier this year, is the significant growth in mobile use of YOP Finance. We have been speaking with our users about the pain caused by general wallet UX and have acted. Welcome to the RainbowKit wallet connector that has gone live in YOP Finance, today! Please see below for the release notes. RainbowKit gives the user the ability to connect to multiple wallets, including Metamask, WalletConnect, Rainbow, Trust wallet, Ledger Live and others, The new connect button also shows your $ETH balance to help you manage your gas fees, This feature will also show your ENS name if you have one configured to your connected wallet, If connected to the wrong network, RainbowKit will prompt you to switch to the correct one, The major benefit of this upgrade is for mobile users. Previously, we had users experience problems connecting to MetaMask on their mobile, particularly on iOS. RainbowKit gives users a seamless experience on Android and iOS browsers,
Landing in YOP Finance
With YOP Finance, we are creating a product that does not over complicate DeFi. We have created an easy-to-use product that does not cause the user stress or confusion, a product that is lean and straight forward. As we move this product forward, there are opportunities to add more depth without creating confusion. One of these areas is the creation of a Landing Page. Currently when you navigate to the YOP Finance app, you are taken to the Vaults page. This is fine for an experienced user, but a new user might be confused about where they have ended up after navigating to the main app URL app.yop.finance. To this end we have decided to add a Landing Page into the app, which will be the first place you are taken to when accessing YOP Finance. The Landing Page will provide an overview of the key statistics such as, the Vault and Staking details and will also contain key information on topics including, security and documentation. We believe that surfacing key data points like TVL, Vault distribution, Staking KPIs, etc… will provide a more transparent and comprehensive experience for the end user. Having this information in-app rather than on separate websites, will also improve app stickiness. We will be using the Landing Page to surface some of the YOP Finance how-to videos we have, such as How to use the YOP Finance platform, and How to Buy $YOP. We will also use this page to highlight key strategic partnerships and details...
Behind the scenes of running a DeFi project
There is a lot more to running a DeFi project than meets the eye of the typical end user. Most people only see & interact with the Dapp and website and never give much thought to what lies beneath. In this post, we are going to pull back the curtain and show you all the moving parts that need to come together to create a platform like YOP Finance, how we maintain situational awareness about the services we run, the services we depend on and the crypto markets we are invested in. The diagram below shows the YOP Finance Ecosystem architecture — that is the main YOP Finance components we have developed, the external services we integrate with and the monitoring / alerting tools we use to ensure things are working as expected. — Component Groups - In the diagram above, component groups are denoted with a dotted line around a set of components. Clockwise from top left, the component groups are: — Blockchain / HTTP Gateway - This component group includes components that provide gateways (or bridges) between the language of the internet (HTTP Requests) and the language of the blockchain (Transactions). These services expose HTTP APIs which can be invoked to read from and write to the blockchain. These services are used by the YOP Finance services to read on chain data and are used by the end user to write transactions to the blockchain. Unlike traditional Web 2 applications, where writes are sent to the appl...
YOP Vault Strategies: Deep Dive and Announcement!
We’re happy to announce the launch of our latest Dune Dashboard covering the Vault strategies. With the launch of this new dashboard — we use this article go over our Vaults, the strategies within and their performance to date. The goal of this it to increase transparency with our community by sharing how we generate yield and monitor our risk. Dashboard Walkthrough You can find the new Strategies Dune Dashboard at: dune.com For each of the YOP Vaults there is the following information: - Strategy List: The list of strategies that the Vault has allocated to - Pool Balances: Visualises the token exposures that the strategies have - Total Tokens in Vault: Total amount of tokens currently under management of Vault - Allocated Tokens: Number of tokens allocated to strategies (earning yield) - Unallocated Tokens: Number of tokens unallocated (to service withdrawals without having to unwind strategy positions). Changes based on market conditions. - Days Since Last Harvest: Last time profits were claimed and distributed to Vault - Total Profit Earned ($): Total profits earned from all harvests, denominated in $ - Total Profit Earned (Token): Total profits earned from all harvests, denominated in native Vault token Vault Strategies Performance Review In the following there is an overview of the strategies that each Vault has/had an exposure to — and a performance review of each one. A “realised” Base APY is als...