VyFinance April Update

2 min readMay 8, 2023

We are nearly there!! April has been a whirlwind of development and preparation for Mainnet. As the April draws to a close, we approach the launch of our DEx/BAR. During last month we released some exciting new vaults, announced more information about how our Layer Two Liquidity Pool tokens (L2-LPs) will function, and were lucky enough to sit down with some great content creators for chats about everything coming up.

The new vaults for the month of April were:

CETF, See more here: https://cardanoetf.io/

Vault Closed!

“CETF was created by a group of Cardano Enthusiasts and existing Cardano project owners, each bringing to the table not just their experience and unique talents, but their own communities as well. One of our core strengths is that we (CETF) and our partners’ existing projects do not compete with one another, but rather compliment and support each other.”

Cardano Token Vault (CTV), See more here: https://adatokenvault.com/

Find the vaults here: https://staging.vyfi.io/vaults/ctv

“Cardano Token Vault is a community based and led project. 70% of all project revenue is directed towards building the $adatokenvault community portfolio. Holders of $CTV vote through weighted polls to determine the community portfolios future direction… all based on ADA-Cost Averaging!”

Charli3, See more here: https://charli3.io/

Find the vaults here: ADD ONCE UP

“Charli3 is the first decentralized oracle network for the Cardano blockchain. By being native to Cardano, Charli3 aims to avoid the notable issues with flexibility, scaling, and growing transaction fees seen with Ethereum-based oracles while also building its foundation on a trusted network.”

We’ve been busy writing medium articles lately. This is so users can have a comprehensive understanding of our DEx and Stakeless LP farming. In April we released two articles detailing Layer Two (L2) Liquidity pool (LP) farming and how farms will operate on the VyFinance platform:

· https://bit.ly/FarmingOnVyFinance

· https://bit.ly/L2LPfarming

See all our articles here: http://vyfinance.medium.com/


Cardano With Paul — https://www.youtube.com/watch?v=7CpR3NceMEQ


Decentralized Nation — https://www.youtube.com/watch?v=FY5xgne1zig

See all our video on YouTube here: https://www.youtube.com/channel/UCEPcpy0IQnqLh_RUfpeAOmQ

Development for April was very much a matter of crossing the t’s and dotting the i’s to make sure everything is up to scratch and ready for launch! Below, see a summary of the various tasks and updated undertaken by our wonderful dev team:

· Rigorous UI updates to the DEx/BAR in preparation for our Mainnet launch

· Continuous testing on the DEx/BAR

· Code quality improvements on our backend system

· Continued/finished out non-custodial (stakeless) LP farms

· Built out our farms page UI

· ADA staking in our liquidity pool validators

Thanks for catching up and please feel free to drop by one of our socials to have a chat!

Twitter: https://twitter.com/VyFiOfficial

Telegram: http://t.me/vyfinance

Discord: https://discord.gg/r3TY4Y5PDw

Facebook: https://www.facebook.com/VyFinance