What is the Coverage Fund?
The YieldZard Coverage Fund
YCF is the acronym for the Yieldzard Coverage Fund which is a separate wallet in Yieldzard's YAP system. The YCF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the YCF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 5 minutes at a rate of 2.5% / day are backed by the YCF parameter, thus ensuring a high and stable interest rate for $YLZ token holders.
5% of all trading fees are stored in the Yieldzard Coverage Fund which helps sustain and back the staking rewards provided by the positive rebase.
- Avoiding flash crash through price stability
- Achieving long-term sustainability and future growth of the Yieldzard Protocol
- Majorly reducing downside risk
YCF Address: 0x31Caf92E729Df664a5FeB1c247f306d1c4e10F3E