Main FAQs

🙄 Frequent questions about YFSwap & YFBTC

What is the native token of YFSWAP?

​YFSwap is a Dex AMM with a native token called YFETH.

Why is YFBTC farming site different from YFSWAP?

Similar to how Binance has Bakeryswap (Binance Dex is BinanceSwap), Tron has Sun.io ( TRX Dex is Justswap.io) is & EOS has dmd.finance ( EOS Dex is Defis.network).

YFBTC (yfbtc.net) is a unique farming reward linked to BTC that is fully decentralised to allow the project to gain value mainly from its linkage to BTC. This is similar to how each of the mentioned projects above gain value from their linkage to their respective tokens. BNB to bakeryswap, TRX to sun.io & EOS to DMD.

​YFBTC holders may also be applicable for future airdrops of future projects of YFSwap.

What is so special about YFBTC/YFETH? And what is AHF? How does it provide value?

  1. The foundation of YFBTC is heavily reliant on the reasons BITCOIN HAS LONG-TERM value.

  2. With the continuous increase in the supply of Ethereum from 75 MILLION ETH to 113 MILLION in total supply. YFETH will follow ETH Constantinople Protocol Version 2.0.

  3. ​YFBTC & YFETH is an AUTONOMOUS HEDGE FUND that integrates an IMPROVED function that is the main reason why HARVEST.finance raised a TLV of $704 Million. YFBTC & YFETH automatically farms the safest stable yield available from the newest DeFi protocols, and optimizes the yields that are received using the latest farming techniques. These yields are then used to BUY YFBTC & YFETH to increase its value and reduce its supply by burning the YFBTC & YFETH bought.

  4. The MORE funds are locked, the MORE the BUYBACK, the MORE price increases.

  5. Users that want to hold Bitcoin previously had no option but to wait for the price of Bitcoin to increase. Now they have an option to FARM DeFi Bitcoin using BITCOIN.

Why collaborate with BITTO?

​BITTO is an established blockchain company since 2017, and the issues with many of the current DeFi projects is that they are anonymous. So most of them will disappear before even coming out with a proper Token. YFSwap wanted to provide more reliability and confidence for the community. Contracts and audits are also done as much as possible to ensure the lesser potential for contract abuse and bugs.

What is the usage of YFETH?

​YFETH is native token for YFSWAP, which will earn from the future fees made through YFSwap Dex exchange. The more transactions that are done through YFSwap Dex, the more fees earned that will be converted to buying YFETH. Giving constant value to YFETH.

  • YFETH automatically farms the safest stable yield available from the newest DeFi protocols, and optimizes the yields that are received using the latest farming techniques. These yields are then used to BUY YFBTC & YFETH to increase its value and reduce its supply by burning the YFBTC & YFETH bought.

  • The MORE funds are locked, the MORE the BUYBACK, the MORE price increases.

Why is there a deflationary function in YFBTC & YFETH?

Many inflationary protocol are meant to drop in price continuously because the amount of tokens are minted every 15 seconds causing a huge amount of tokens to flood the market. SUSHI & UNI are good examples. To mitigate this constant inflation, YFBTC & YFETH will implement burning deflationary to provide balance with sustainable LONG TERM value.

Why is my transaction failing or doesn't go through?

You need higher slippage for YFBTC & YFETH when trading.

YFBTC has a deflationary function via smart contract that will automatically burn 5% of each transfer. This will mean that receiver will be getting less than 95% back from the original 100%. That is the slippage.

YFETH also has a deflationary function at 2% each transfer.

👉Slippage Setting :YFBTC has to be set at 6% and YFETH at 3%.

Kindly read the tokenomics of YFBTC & YFETH to understand how this mechanism benefits the whole eco-system.

What will happen if I remove my liquidity from Uniswap?

You can only remove your liquidity once you take it out from farming in yfbtc.net or yfswap.finance when farming starts. You will then be returned the amount of crypto assets minus impermanent loss. You will also immediately stop getting yield farming rewards.

What will happen if yfbtc.net disappear, will my cryptocurrency be gone as well?

There is no incentive for YFBTC website to be down as yfbtc.net is just a front end web for users to easily do yield farming whereas the real work is done within the blockchain itself. All the rewards are generated via blockchain and not from the website.

To know more about what is DeFi 👉 https://ethereum.org/en/defi/​

comparison of DeFi vs Traditional finance

How does YFBTC developers afford to pay for the cost of server and domain?

YFBTC developers take about 0.0015% of each transaction, although it is a very minimal amount, which is enough to pay for the server and domain cost. So there is no reason to shut the website down.

So who is holding the funds of YFBTC?

It is a combination of each individual user, including yourself. This means that NO SINGLE individual, company or entity is holding the funds. You are holding the funds and only you have access to your funds. YFBTC is a DeFi project.

You can refer to the link below to know more about DeFi.

To know more about what is DeFi 👉 https://ethereum.org/en/defi/​

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Find out YFSwap & YFBTC communities 👉 here:

🧙‍♂️ Note: YFSWAP & YFBTC are beta software. Use it at your own risk.

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