[ad_1]
NEW YORK, Feb. 10, 2022 (GLOBE NEWSWIRE) — VyFinance (VyFi), a Cardano-based staking platform, has reached a total of $31M total value locked – making them the first in the Cardano ecosystem to have reached the $5M, $10M and $15M milestones. Since their ICO in August, which sold out in ten days and totalled $3.2M at the time, VyFi has also introduced NFT staking and implemented a New Learning Management System (LMS) to help crypto beginners and seasoned crypto natives alike learn and get a deeper understanding the overall Decentralised Finance ( DeFi) space and how VyFi works.
VyFi allows users to invest and stake ADA, Cardano’s local token, using their novel ‘Neural Net Auto Harvester’ to simplify returns, aggregate liquidity and let users set risk levels to potentially maximize returns.
Lately VyFi has been getting attention for bringing many firsts to the Cardano DeFi game. VyFi’s NFT Staking saw $3m in TVL in 24 hours, and provides the first use case for NFTs on the Cardano chain. This locked staking provides …
Full story available on Benzinga.com
[ad_2]
Source link
