YOP Airdrop Review: One Winner will get $5,000 worth of YOP

YOP Airdrop Review: One Winner will get $5,000 worth of YOP

About YOP Airdrop

YOP Airdrop enables users to interact with the best DeFi protocols across the top blockchains from a clean, simple, educational and easy-to-use application. YOP is giving away a total of $18,000 YOP to 10 lucky giveaway participants. Sign up for the giveaway and complete tasks to earn entries. Also earn more entries for each referral. A total of 10 participants will be randomly selected to win up to $5,000 worth of YOP each.

BasicDetails
Token NameYOP Airdrop
PlatformETH
Total Value$18,000 YOP
Airdrop End2022-05-28
KYCKYC Is Not Requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

Step-by-Step Guide

A rich ecosystem powered by the $YOP utility token

YOP Tokens will be emitted across seven pools – Community, Reserve, Marketing, Treasury, Team, Advisors and Liquidity from a total supply of 88,888,888.

Tokenomics

YOP token distribution amounts to a supply of 88,888,888 in total. Tokens will be emitted across seven pools, including; Community, Reserve, Marketing, Treasury, Team, Advisors and Liquidity. The YOP Protocol tokenomics and emissions is designed with sustainability as the primary priority.

Community emissions will commence in Jan 2022 and the emissions schedule has been carefully calibrated to complement the tokens purchased from the open market to provide long-term sustainability.

How to use YOP

They removed the clutter, leaving only the most essential info to help you navigate the product in a matter of seconds. Check out video walkthrough to see just how simple it can be!

Earn with YOP in 3 simple steps

Here they have outlined the three key steps to start earning yield on your crypto.

Deposit in a Vault

Head on to app.yop.finance (make sure this is the same URL you see in the address box, to avoid possible phishing attacks) and click Connect on the top right to connect your web3 wallet such as Metamask to YOP.

Choose your appropriate vault (ETH, BTC or stablecoin) and click Deposit to deposit your preferred amount of funds.

Follow the prompts introduced by Metamask. The first popup will prompt you to sign the transaction. The second prompt will ask you to approve smart contract interactions where your Metamask wallet will pass on the designated amount of funds to our smart contract.

Boost your Vault Deposit

Click Get Boosted on the left hand nav menu. Choose how much YOP you would like to stake and for what duration.

When you are happy with the inputs and estimated boost values, click Next. You will be shown a confirmation screen with details of the new boosted APY and the returns you will get for your new staking position in the YOP LockBox.

Follow the on-screen and Metamask prompts to complete your boost. Once complete you can see your new boost multiplier and your LockBox Stake position on the My YOP Screen.

Profit

Sit back and watch your earnings climb, thanks to YOPs fully managed Yield Optimisation Platform.

What are vaults and strategies?

At the heart of the YOP Protocol are Vaults, Strategies, and Governance mechanisms.

Strategies

STRATEGIES are the building blocks that interact with one or more DeFi Protocols to generate Yield. Strategies can layer multiple Protocols to generate higher Yield. All aspects of the interaction with the target DeFi Protocols, from depositing to claiming, to re-investing, to withdrawing are fully automated and encoded in the Strategies

Vaults

VAULTS combine one or more Strategies to create a blended/diversified investment opportunity. These Vaults offer variable APYs based on the Strategies in use and the percentage allocation to each strategy. Vaults also have different variations, for example, insured Vaults mean that the smart contract risk of the Strategies is mitigated.

Governance

GOVERNANCE controls how the Protocol is configured and executed. This includes things such as fee rates, allocation of community emissions, and creation of new Vaults and Strategies.