Introduction to Yield Enhancement Labs
Introduction Yield Enhancement Labs (YEL) is a next-gen hybrid DeFi protocol that focuses on yield enhancement and is currently powered by Ethereum, Binance Smart Chain, Fantom, Avalanche and Polygon.
YEL aims to simplify the complexity of DeFi by creating the best opportunities and maximizing returns for liquidity providers through innovative approach, through several directions: - Equilibrium YEL provides an opportunity of automated farming strategies on several chains while maximizing potential ROI available to anyone within Equilibrium protocol! - dYEL Sustaining the decentralized backed DeFi index. dYEL is the first multichain index which is actually backed by assets that represent the value of the index. In the mean time these assets are utilized to increase the total treasury value, hence increasing dYEL value.
YEL Finance aims to build a multichain ecosystem with no barriers of entry for users, aggregating all best possibilities for yield enhancement across DeFi. The ecosystem shall become an ultimate aggregator of instruments to access most profitable strategies and generate wealth for user. YEL token is a governance token, that accumulates revenues of the protocols from fees.