After nearly a year of development, we’re excited to announce the first step toward the launch of our V3 DEX!

This release includes several user-facing updates alongside the rollout of our new Safeswap (OTC) feature. An in-depth article covering back-end changes is coming soon.

Most notably, this update includes the first-ever product powered by Plutus V3.

Customizable Dashboard

• Create your ideal DeFi experience with modular widgets:

Widgets — Mix, match, and customize the tools you need to build your perfect setup.

List of widgets:

• Add Liquidity — Prep your liquidity orders with ease
• CNT Showcase — Flaunt your favorite Cardano Native Tokens
• Governance — Stay on top of the latest proposals
• Pool & User Orders — See the latest activity at a glance
• Trade — Quickly prep your next move
• Your Positions — A bird’s-eye view of your assets
• Top Volume Pools — Today’s hottest action
• Pool Tracker — Monitor your favorite pools
• Chart — Stare into the red (or green) abyss
• News — Stay updated with all things VYFI
• Bar Lottery — Nostalgic? Visit the OG homepage
• Net Worth — Peek inside your bag
• Holdings — Visualize your portfolio
• Lottery — Keep track of the jackpot and try your luck!
• Bar — Redistribution stats from Cardano’s finest
• Farms — Harvest those sweet rewards
• Top Vaults — Best-performing vaults front and center
• Pools — Return of the classic homepage
• Market Depth Chart — Track buys and sells

There are also 3 default dashboards for users to switch between at all times—Home, Portfolio, and Trade—each of which can be customized by the user.

New Pages & Features

• Portfolio Page — Native support for tracking your assets
• Tracking your wallet's trades
• Market Page — Native market tracking built in
• Shareable Dashboards — Save and send your setup
• PnL Estimation — Gauge how your LPs are performing

Tradable Charts

• Trade History Dots — Visualize every entry and exit
• Trade-On-Chart — Click-to-execute trading
• Limit Orders — Dotted-line indicators for pending orders

Safe Swap (OTC Trading, Redefined)

• On-Chain OTC — First of its kind, true OTC experience
• Public & Private Swaps — Your call: keep it stealthy or share
• CNT-to-CNT Swaps — Swap any Cardano token, any time
• Mass Distribution — Allocate tokens on a large scale with ease! Airdrops — Distribute tokens on a large scale in a breeze
• Bulk Import — Upload structured data in seconds
• Custom Fee Distribution — Cover fees or split as you please
• TX Cart — Bundle multiple transactions into one

User Interface Upgrades

• DEX Page Overhaul — Cleaner layout, better pair data, upgraded trade table
• Vaults Page Layout — Revamped for usability
• Improved alignment across grids on site
• Governance Layout — More intuitive navigation
• TX Cart Redesign — Easier and more efficient
• Pie Chart Updates — Sharper visualizations
• Footer Refresh — Cleaner, more informative
• Modal Animations & Overlay — Smoother transitions
• Mobile Layouts — Better experience across devices
• Tooltip & Button Colors — Design consistency improvements
• Border Radius & Color Tweaks — Minor but mighty

Backend & Performance

• The first V3 validator to be launched on Cardano!
• Explorer Integration — Track transactions more easily
• can be moved to User Interface Upgrades
• Improved Data Fetching — Faster, smoother loading
• Greatly reduced fees for bundling trades when using the V3 validator (initially SafeSwaps)

This is just an overview of the major changes and improvements we have made! Many more smaller changes have been added to our front-end. We hope you enjoy the first step to the proper VyFi V3 DEx!

Currently, within the Cardano ecosystem, there are two basic functions that users or projects cannot perform without building their own custom code. These are:

1. Large-scale Over-the-Counter (OTC) swaps — transferred between two parties
2. Large-scale distributions between projects to users at a cost-effective price and claimable in $ADA

To solve both these problems, we are proud to introduce SafeSwaps! A new Plutus V3 OTC/Distribution mechanism that we are releasing for Cardano!

The technology behind SafeSwaps allows us to implement multiple utilities for users, with the simplest being an OTC swap.

But what is an OTC swap?

An OTC (Over-the-Counter) trade is a transaction that takes place directly between two parties, without being conducted on an exchange. This means that both parties can directly swap assets between each other. This service acts as an escrow between two parties, allowing for trustless, private, direct swaps between any two users on the blockchain.

Our safe swaps allow you to input a receiving wallet, select an asset that you wish to receive, and then the offer you will send in return. The said wallet will have a notification on the VYFI app on their next sign in, offering them to complete the OTC. This swap can only be completed by the wallet that has been offered the OTC, allowing for a private swap between two individuals on the blockchain.

Large-scale distributions on Cardano

Currently, it can be very expensive for projects to conduct a large-scale distribution of assets/$ADA to their users on-chain. Airdrops can cost up to 1.6 ADA per user.

Also, no 3rd party tool exists that allows for the automated set-up of distributions to multiple users, and that is available to be conducted with all assets on-chain.

Our SafeSwaps are changing this! Now, through our “Mass Import”, projects will be able to set up large-scale distributions by taking advantage of the VYFI transaction cart.

How do these distributions work?

A distribution is simply a private SafeSwap with no asset requirement to claim. This means that a user who has been offered a claim can just complete the transaction, and is only charged the transaction fee to complete the operation.

Fee splitting

Whoever creates the SafeSwap can determine the total fee the counter-party will pay to complete the transaction. The total cost of a SafeSwap is 1.4ADA (1 ADA for distributions). Circumstances and this cost can be split in any percentage between the creator and receiver of the SafeSwap.

Many more features and capabilities will be released with our SafeSwaps, but here we want to introduce to you the two main functions. We are proud to welcome the first OTC, and Large Scale On-chain distribution contracts to Cardano! We cannot wait to show the power of Plutus V3 to everyone in the community!

We recently held a governance vote to determine whether or not the VyFinance platform will conduct a burn from its uncirculated supply. The vote resulted in a resounding Yes! From a total of over 9 million VYFI, representing 34% of our circulating supply — 68% voted to conduct a burn.

This now leaves us with two decisions that are left to complete before the burn can be conducted:.
1) How will we burn the tokens?
2) How many tokens will we burn?

Both of these are very important questions, and anything written in this article is presumptive, as community discussion is still ongoing.

Based on discussions with the community and within the team — we see 3 major methods for burning tokens from the uncirculated supply:
1) Instant hole burn from uncirculated supply
2) Set burn over time from uncirculated supply
3) Match farm over 20 years and burn equal amount to farm every cycle.

The major difference between these three options is the slower we burn, a greater capacity to adjust emsission changes in the future should the community vote to do so is retained

As for the total amount of tokens being burnt, we can have anywhere between 30%-50% of uncirculated supply. There has been recent discussions of greater that 50% amongst multiple community members, and these will be taken into consideration leading into the vote — so please let your thoughts be know on our telegram and discord!

As part of our commitment to building the most advanced DeFi tools on Cardano, we want to give users an un-paralleled control over the risk held on their liquidity portfolios. Many complexities arise when managing your liquidity pool (LP) positions, and through our liquidity manager we will be making it easier for users to not only engage with liquidity farming, but also the power to build their own custom risk profiles that are automatically farming for them!

How is our liquidity going to be different?
As many are already aware, VYFI uses non-custodial LP farming. This means that LP tokens remain in users wallets while still farming. This gives us the opportunity to allow users to build portfolio structures with their LPs.

What is a portfolio structure (PS)?

In the context of investment, PS is the composition of a portfolio, with different PS’s containing their own unique risk/reward profiles, and more often than not, contain multiple assets.

How are we allowing users to built PS’s?

Through the introduction of multi-layered LPs, we are bringing 5 new types of Layered Liquidity Pools, each with their own risk profiles, and impermanent risk structures.

What are the advantage of these Layered LP Structures?

Users will be able to access unique risk profiles, while still owning and farming multiple tokens at once. As an example, a user could hold a single layer 3 LP that contains 3 liquidity pools inside of it, all of which are simultaneously farming, and in turn reducing the total risk held across each token by averaging the impermanent risk across all three tokens.

How will users build these customs LPs?

We are designing an easy to use liquidity manager, where users will be able to drop and drag assets they want from their wallets, and put their LPs together in a piecemeal fashion, similar to building Lego. By adding 1 token into the structure at a time, and our front end will show the user the risk profile of the structure that they have designed. If they want to then enter the structure, they will be able to automatically partake by just selecting approve!

How can users track their structures?

We are launching a portfolio page for LP structures on our site along-side the portfolio manager. We will also be providing users with an Impermanent risk calculator for each of the different LP types, so they can clearly understand how the risk is distributed for each given structure.

When can we expect the liquidity manager?

We expect the liquidity manager to be launched soon after our V3 DEx, with the target currently being end Q1, or early Q2.

Make sure to keep your eyes on our socials to ensure you don’t miss any news about when the liquidity manager is coming, and all the information about the new Portfolio Structures that will become available to users on Cardano! We can’t wait to bring the most advanced risk management system to the Cardano Blockchain — only made possible through VYFI’s state of the art V3 DEx, and completely unique design.

It is a great honour to be able to present Cardano with its first Plutus V3 implementation! We have been testing since February 14th, when the first iteration of Plutus V3 that was launched on testnet. To make this possible has been a real technological feat, as currently all libraries used to write smart contracts on Cardano are incompatible with Plutus V3. This includes Aiken, Pluto and Plutarch.

But first, what is Plutus V3?.

Plutus V3 was introduced to mainnet with the Chang hardfork. It is an upgrade to Cardanos Smart Contract Language that has improved multiple aspects:

- Performance has been enhanced by reducing computational requirements and adding a Sums of Product.

- Cryptographic Primitives have been introduced, allowing for possible zk (zero-knowledge) implementations

- Interoperability with EVM chains has been enhanced

In the case of the VyFinance DEx, we have focused on taking advantage of the improved computational performance, and being the first ever dapp to add compatibility with CIP-85, allowing for sums of products.

If no existing libraries are compatible with Plutus V3, how have VYFI built a Plutus V3 product?

Though we have been playing with Plutus V3 since it was available on testnet, we have been researching and developing dapp design on Cardano since we first started operation four years ago. The culmination of this many years work — we have redesigned the construction of a Cardano Dapp from the ground up.

One of the biggest barriers to construction on Cardano is the need for many dependencies to allow for the function of your dapp. These include Mesh, Osmios, CHaP, and many more. These often create inflated code, and result in teams relying on code controlled by other developers for the on-going function of their dapp.

The first step to allowing us to build a Plutus V3 dapp was achieving a design that allowed us to function on-chain, with 0 Haskell based dependencies required for operation (as these dependencies not only created inefficiencies, but were using libraries that were not compatible with Plutus V3!).

We also had to decide on a language to use, given all libraries were currently incompatible. After much research, we settled on a small, but established statically typed language called Jai. It is a C based language that is traditional designed to improve efficiency within the gaming industry. We realized that it could also greatly improve efficiency on the Cardano Blockchain — and would easily allow us to implement Plutus V3 without having to redesign structural issues that exist on the current libraries to allow for compatibility.

With these new tools in hand — a structural redesign for Cardano dapps, and a new language that allows for a much higher level of optimization and ease of integration with Plutus V3 — we got to work!

It is the culmination of this that allows us to present the first ever Plutus V3 product to Cardano — the VyFinance V3 DEx.

And what work has been! We have a series of 6–8 articles that will be releasing through to the end of January describing in detail our Journey, and a series of technical papers outlining our innovations and introducing a new structural design for all dapps on Cardano — allowing for out of the box Plutus V3 implementation for new projects, and removing the need for these projects to rely on upwards of 10 dependencies in order to function.

It is with great pride and honour that we will present to you a new and improved Cardano developer experience, rendering building on Cardano easier and more optimized than it has ever been!

Please read and review below terms prior to any submissions;

1. A submission should consist of an image that could serve as the new VYFI NFTs. AI, NSFW, and non-original submissions will not be judged upon.

2. There will be a Governance vote to determine the winner of this first category. The first, second and Third highest voted options will receive the following prize:

1st Place: 1k ADA
2nd Place: 500 ADA
3rd Place: 250 ADA

3. The VyFi team will then choose the NFT considering community vote/ brand consistency. The artist winning this category will receive 2% of all future royalties generated by their designed NFT.

4. Submission Deadline 12/17/24

5. All submissions should be posted to the “VYFI-NFT-ART-COMPETITION-2024” channel in our Discord: https://discord.com/channels/803763753429762098/1291594599139119256

This is a Celebration for all the artists in our community! We encourage everyone to submit, any and all ideas they would like to bring to the NFT Art space. We want to move away from the traditional Card style we have, and really create something unique and exciting.

Disclaimer: The 2% royalties are only applicable: if a design is chosen by the team, after which we will work the the artist to complete the full collection. Winning the Governance vote does not entitle you to this prize

It’s time to get excited about our upgraded NFT staking/farming mechanism on the VyFinance platform. For the first time in Cardano, we will be merging generalized asset staking with farms, allowing projects to customize their liquidity providers farming experience like never before!

Staking Merged with Farms

Our NFT and token staking platform us being fully merged with our farms. This will allow users the capacity to stake their VYFI NFTs against any liquidity pool their farming to boost the total farm received for providing to that pool. These farming rewards will stack, allowing users to earn more by staking more NFTs to any given pool.

Generalized asset staking rewards

Our staking implementation can be generalized, to allow for staking of any NFT on chain, or any token on chain. This means projects that want to create custom liquidity rewards based on user held assets will now be able to do so on the Cardano chain!

VYFI NFT upgrade

Our NFTs will be upgraded with a new design, and a new mint. All NFTs will be swappable for the new design once launched.

NFT Art Competition

In celebration of our NFT upgrade, we are hosting a design competition for the new NFT that is open to all!

The final winner of this competition will be voted on by the community from a final list. VYFI reserve the right to not use the final voted art piece as the design in the NFT, BUT if the winner is chosen as the final design, the artist will receive a lifetime 2% royalties from NFT sales.

All of this is taking place before the end of the year, so grab a VYFI NFT and get involved now!

TminusOne, in conjunction with VyFinance, are releasing a new form of Vesting that will aid projects in building their liquidity!

What is Lock’n’Load Liquidity?

Lock’n’Load Liquidity is a unique method of liquidity provision where in half the Liquidity Provider tokens (LP token) are provided by a participating project. The LP created from the users’ funds and the projects tokens are then locked in a vault for a period of time incuring a bonus staking reward depending on how long the LP is locked for.

Why Lock’n’Load Liquidity?

Many projects in our ecosystem are in need of more liquidity to assist them with building out their products, and to better give their communities on/off ramps into their tokens and products. To help projects do this, we are giving teams the power to offer users the boosts to their total liquidity pool tokens, in exchange for vesting liquidity!

How does it work?

Very simple:

- Users will visit Tminusone.pro and select a participating project they wish to lock liquidity into.

- They will then provide $ADA to the Lock’n’Load Vault!

- The participating project will provide the other half of the liquidity (project tokens), which will be used to mint Liquidity Pool Tokens.

Done. Easy.

How does the user receive bonus liquidity?

This is best described by walking through the process:

- A project wishes to gain some more liquidity in their liquidity pool.

- They offer 10k ADA worth of their token to help build this.

- Users can then deposit ADA against these tokens

- Decide how long you want to vest for (between 3 months and 1 year). The longer the users’ vests, the larger the bonus they will receive.

In return for the vesture, the project can offer up to a 100% on the total LPs that the user receives.

As an example, a user chooses to vest 1000 ADA for 3 months. The project is offering a 20% bonus for a 3-month vesture. The 1000ADA will be matched with 1000ADA of the project’s tokens. So, after the 3 months, the user will claim an extra 20% Liquidity Pool tokens to what would have been received if they just added liquidity normally. In other words, if the token remains at the price in which the user entered — they will hold 600ADA + 600 ADA of the project’s tokens (a 20% bonus on their original deposit).

In the above example, the project would receive the remaining 40%, or 400 ADA + 400 ADA of the project’s tokens. The project’s LPs will also be vested for the same period of time as the user who created them. This way, projects are also able to conduct a small raise for themselves that aid in growing their total liquidity and project longevity.

When will we be able to get involved in earning bonus liquidity?

We expect to be launching Lock’n’Load liquidity by the end of September, and have already confirmed two projects that we will be launching with! These will be announced in the near future. We are super excited to be bringing not only a new tool for projects to help build their liquidity, but a brand-new way for users to utilize their ADA to earn significant bonuses of project tokens.

Happy Vesting everyone!

We are extremely excited to announce that $DEGA is launching in a matter of hours (22nd July, 4pm UTC) on our partner TMinusOne platform.

“DEGA (Decentralized Gaming) is a Web3 game developer ecosystem of powerful protocols, developer tools, and gamification services that focus on ease of use through AI-assisted interfaces, familiar developer APIs, and web applications. DEGA allows anyone to be creative and focus on experiences while DEGA handles the complexities of Web3 technology infrastructure.”

We have been working with DEGA for many months now, and are excited to offer some incredible bonuses to VyFi users who participate in the launch on TM1!

Bonus #1 — Liquidity providers on VyFinance

Any user who purchases $DEGA on the TM1 platform, and then supplies that $DEGA as liquidity on the VyFinance Dex will be sharing a bonus of 5,000ADA worth of $VYFI and $DEGA token! This is a great opportunity for all those that want to stack more $DEGA!

• Buy $DEGA on TMinusOne
• Provide that $DEGA as liquidity on the VyFinance DEx
• Share in a bonus of ₳5000 worth of $VYFI and $DEGA

This will be treated as an extra farm — however the rewards will be airdropped each month, for two months. Your rewards will be proportional to the total liquidity delivered to the pool (just like a normal farm splits rewards between liquidity providers).

Bonus 2# — TM1/VYFI themed playable DEGA NFTs

All liquidity providers on VyFinance will be in the running to receive an exclusive TM1/VYFI themed astronaut NFT from DEGA!

To be eligible, users must have a total of ₳1000 TVL on our platform, and be holding at least ₳500 in TVL of the $VYFI or $DEGA LP tokens. This NFT will be airdropped in the second week of August, and the snapshot for participants will take place on August 1st! So get your liquidity on VYFI now to secure your exclusive playable NFT!

• Hold ₳1000 TVL in pools on VyFinance
• Hold at least ₳500 in $DEGA/$VYFI pools
• The NFT will be airdropped to every users who has met the previous conditions

Participating in the $DEGA launch is super easy! All you have to do is follow this link: https://app.tminusone.pro/#/tokens/17206

Log in with your wallet, and complete KYC. Only World Trade Organization (WTO) sanctioned countries are restricted — thus all US and Canadian citizens can participate! For more information on the KYC on TM1, please visit:https://medium.com/@T-1/the-user-flow-for-kyc-is-very-simple-on-t-minusone-2f6dfeb04626

We are super excited to be hosting DEGA, and bringing all these benefits to the Cardano community! Now is the time to get involved while you still can! These rewards and bonuses are for a limited time only!

VyFinance, a leading decentralized finance (DeFi) platform on Cardano, has joined forces with Apex Fusion, a blockchain integration solutions provider, to introduce the VyFinance DEx on the Vector Chain. This collaboration marks a significant milestone in the evolution of decentralized finance on Cardano, offering a range of benefits to users and the broader blockchain ecosystem.

Enhanced Scalability:

By leveraging the Vector Chain, Vyfi and Apex Fusion ensure enhanced scalability for the Vyfinance platform. The Vector Chain’s advanced architecture allows for a very high transaction throughput, while enabling simple scalability to accommodate growing user demand.

Interoperability and Cross-Chain Compatibility:

The integration of Vyfi with the Vector Chain allows a unique opportunity to grow the ecosystem onto EVM chains. Their integration of the Nexus chain, and its integration with Vector will allow a unique opportunity for scaling into other ecosystems — while allowing access to the unique opportunities on EVM with Nexus acting as an Ethereum L2.

Innovative Financial Products:

The collaboration between VyFinance and Apex Fusion paves the way for the development of innovative financial products and services. With VyFinances’ ongoing commitment to being the most Uniquely Cardano Dex — we will be able to showcase the advantages the UTxO modal brings to users — such as One-Click to farm, Transaction Shopping Carts, Distributive Mechanisms, and more!

The launch of the VyFinance platform on the Vector Chain represents a significant advancement in decentralized finance on Cardano, offering enhanced scalability, interoperability, and innovative financial products. By collaborating with Apex Fusion, VyFinance is poised to deliver a superior user experience and drive the adoption of decentralized finance, and the UTxO model — across multiple chains! Stay tuned for further updates as Vyfi continues to revolutionize the world of decentralized finance by embracing the power of UTxO!