Yanda

DeFi providers are linked to blackbox parties like centralized exchanges (CEXs) and this violates basic principles of decentralization & transparency, but also facilitates malicious operations (sometimes carried out by DeFi operators).

Yanda protocol monitors and validates off-chain logics & transactions.

• Enables a new generation of Hybrid Finance dApps to emerge
• Connects DeFi and CeFi and store CEXs data on-chain
• Creates validation & verification logics to monitor off-chain operations

The idea is to link centralized automation to the blockchain not only with the scope of oracle data but to audit and evaluate the tasks carried out in a centralized environment to guarantee safety and transparency. Protocol stakeholders interact on-chain to validate brokers’ actions and transactions and to legitimate the use of data passed from brokers to the end-users.

The Yanda Token (YND) allows its holders to:

• Access the protocol and unlock features by holding $YND
• Stake your $YND to help validate transactions, and earn a return
• Earn benefits and protocol rewards (airdrop, access to premium features)
• Participate in the DAO governance with the ability to propose changes and vote.