Yugen

Yugen Finance

What is Yugen Finance?

We have all seen whenever a new chain comes into existence or wants to gain some TVL there are a lot of yield farms which pop up. You can see the same for Avalanche, Polygon, Fantom and Harmony. Yugen is not just another yield farming platform. Yugen is a Defi-Yield aggregator which uses other yield projects as a source of income.

How does Yugen finance work?

1. Yugen finance will be depositing LP tokens into different farms across fantom, avalanche, and harmony.

2. The farm tokens received by the yield farming project will be used to buy YGN token which will then be given out as farm tokens and staking rewards.

3. We will also be having additional features such as vaults and mini games.

Features

1. One yield token to rule them all - All farm tokens in the various yield farm will be given out in YGN.

2. Yugen Staker - A portion of the protocol rewards will be given out to YGN holders through staking rewards.

3. fYGN burner - This contract is used to burn fYGN produced in farms and give put YGN token. The amount of YGN given out is determined by your share of the total supply of fYGN.

4. YGN Distributor- All the revenue will be sent to the YGN converter and used to buy back YGN tokens and then redistributed.

5. Bonds - YGN will be linearly vest to buy USDC, BTC, LPs and other assets from users to become less reliant on maintaining TVL.

6. Vaults - Vaults will be created to auto-compound LP tokens every 5 mins. Fees will be sent to the YUGEN Convertor

7. Reward Manager - YGN tokens through farms will not be given all at once and will be linearly vested.

Yugen Tokenomics

Total Supply: 20,000

Spookswap Listing (Fantom) - 10,000 YGN tokens will be will be added to a YGN-USDC LP and the LPs will be locked.

PolyDEX Listing (Polygon) - 10,000 YGN tokens will be will be added to a YGN-USDC LP and the LPs will be locked.

Yugen Game Theory

1) 100% of the token supply is the circulating supply.

• There will be NO DILUTION of the token. Farming will NOT dilute the token supply.

• The MAX SUPPLY = TOTAL SUPPLY = 20,000 YGN

2) 100% of the token supply has been used to add liquidity.

• All token bought will originate from the Liquidity Pool. (PolyDEX & SpookySwap).

• YGN tokens received through bonds and farms will be bought from the liquidity pool increasing the price of the token.

3) 100% Revenue generation will be used to BUYBACK YGN tokens.

• ALL of the yield of our TVL will be used to BUY YGN and then redistributed to those who have contributed to the TVL.

4) Bonds will be used to buy liquidity making the protocol independent from users staked assets.

• Initially, revenue will be generated by using TVL sourced from our users to generate yield. A portion of this will be given back to our users. See The Distributer.

• Once Bonds are introduced, the liquidity will be owned by the Yugen Finance and the entire yield after converting to YGN will belong to Yugen Finance.

• The YGN gained from bonds will further be used to purchase more bonds and so forth in a positive feedback loop.

5) Earn 10% of the total profits by staking YGN for xYGN. (⛩️,⛩️)

• The Easiest and BEST way users can earn is by buying YGN and staking it for xYGN. 10% of the total revenue will be sent to the YGN staker so you can increase the amount of YGN as well.

• Alternatively, you can lend your assets to the protocol and stake the YGN you receive in return into the protocol there by also providing to the protocol.