Yamfore has officially transitioned to Community Governance 👇

Product-market fit confirmed ✅

You spoke, we listened.

Imitation is the sincerest form of flattery. No childish drama from us, welcome to Big BLYMP, Hosky 🔥

Believe in 𝐀𝐃𝐀ptability.

Let’s settle the question once and for all: Which mechanism offers the greatest sustainability for both token holders and the protocol? Token Staking vs Burning vs Buybacks 📊👇

Big Blymp representing 💪

Let's Make DeFi Great Again 🤝 Simplicity > Complexity EUTXO's strengths position Cardano to lead DeFi's future. 👇

𝐏𝐋𝐄𝐀𝐒𝐄 𝐑𝐄𝐀𝐃 𝐁𝐢𝐠 𝐁𝐥𝐲𝐦𝐩'𝐬 𝐏𝐮𝐛𝐥𝐢𝐜 𝐒𝐭𝐚𝐧𝐜𝐞 𝐨𝐧 𝐏𝐫𝐨𝐩𝐨𝐬𝐚𝐥 𝟐𝟐𝟑 Great effort has gone into Proposal 223, and we would like to commend @ElderM and @Marco_112358 for their contributions. As builders in Cardano's DeFi ecosystem since 2021, already delivering @yamfore and currently working on @obymare, we have navigated significant volatility and gained deep market insights that still us in our decisions. We believe this proposal will be the catalyst for growth our ecosystem needs. After being at yesterday's Roundtable Talk, we would like to share the following 3 takeaways, which make us both more confident in why the proposal should pass and what can unfold in the future if it does. 1. This proposal is a necessary first step. Perceiving this proposal to be one that will magically fix our problems within Cardano's DeFi is placing the purpose of the proposal in an incorrect light. It is simply helping fix the first of what is a multifaceted issue facing the adoption of Cardano. From 2021, we have observed a steady decline in the number of active participants of the Cardano community, much of this stemming from the reality that there are few steady on-chain revenue and yield opportunities. To fix this, the underlying infrastructure of a stablecoin protocol that can attract large liquidity deployers was needed. We as an ecosystem have since been blessed to have @USDMOfficial and @AnzensOfficial build atop Cardano and, with our own protocol @obymare, we too hope to contribute to this effort. But, a major bottleneck in the infrastructure's existence remained, which is an adequate degree of liquidity deployment via them. This is what this proposal will fix - the first step. 2. Infrastructure ↷ Liquidity ↷ Yield ↷ Users The above illustration is a simple simplification of the path to adoption for any blockchain. Cardano has done a decent job at building out the infrastructure with plenty of dex options, a handful of L&B protocols (with Yamfore PTP coming too) only two synthetic protocols. Currently, we are working on proliferating the synthetics protocol sector with the development of @obymare but, thereafter, Cardano's liquidity injection issue must be resolved. Currently, most of the liquidity within Cardano's DeFi ecosystem has been seeded from many retail users as well as a few institutional-level investors. However, to really put the "Liquidity" issue behind us, Cardano needs to reach a point where many institutional-level investors are organically and continually attracted to deploy liquidity in Cardano. Again, something we believe Proposal 223 will help achieve. 3. Ecosystem maturity Whilst we understand the focus on fiat-backed stablecoin is one that was strategically made to position Cardano better for traditional onboarding experiences for large capital, extension of deployment of the proposal's funds into non-fiat-backed stablecoins will provide room for broader ecosystem growth and maturity. This will occur as, with greater Currently capped at 10% of the proposal's amount, extension and steady deployment of this will see not only greater room for arbitrage volume but also passive yield opportunities in various DeFi protocols. This can only happen with adequate liquidity injection into the ecosystem to kickstart this process. Now, whilst the above summarises the key takeaways from our discussion at the Roundtable Talk tomorrow, it's imperative that we do not lose sight on tackling all aspects of the flywheel (as illustrated in point 2), of which Proposal 223 is tackling the first. Please engage with this post and share your opinion. We need to focus on connecting Cardano to the DeFi world where large capital deployment is continually incentivised organically. _ We also wish to thank @DenicioBernier for inviting us up to the @Cardano Roundtable and to the rest of the panel members with the likes of @giozzi @blockjock2017 and @VBhuvanagiri for having us.

Three simple steps to follow: Yamfore V1.5 > Yamfore Peer to Pool > 1st 🥇 yamfore.com/

To date with Yamfore 🔥

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Orcfax Feeds 🗞️ 📸 - @yamfore Yamfore is a decentralized, non-custodial lending protocol on Cardano that provides crypto-backed loans with no margin calls and no ongoing interest payments.

Thank you for the integration; it's very well done! 💪

Yamfore is now officially on @lace_io! 💪🍠

Official request post for CMC to verify $CBLP circulating supply & market cap!🍠 ( March 6, 2025 )