VyFinance February Update

3 min readMar 1


Hello everyone and thank you for checking in for VyFinances monthly update. February was insanely busy for us as we continue to set up for the launch of our DEx and BAR. Beta testers were given access to our private test net and we set up new vaults for our community to access and engage with, these include:

GoKey, See more here: https://gokey.network/

Vault Page link: https://app.vyfi.io/vaults/gokey

Twitter Space: https://bit.ly/3Ixejra

“GoKey gives owners and renters the ability to create, store and transfer real estate equity and liquidity in ways never before possible. Real estate equity has traditionally been a key to financial security for individuals and families, but access to real estate ownership is quickly slipping away for too many people — especially for younger generations. GoKey offers a brand-new way to define and capture the value created in the space between renting and owning.”

Proxies, See more here: https://proxiesnft.io/

Find the vault here: https://app.vyfi.io/vaults

“Proxies are six fearless, alluring women who start their journey on the Cardano blockchain. Covering 6 major missions: Art, Crypto & NFTs, Tech & blockchain, DAO, sustainability and philanthropy, they pave the way towards decentralisation and gather experience within the community. Together, they built a networking system — the Beehives, where each Proxie personifies the hive she is responsible for.”

Cavalier King Charles Token, See more here: https://charly-token.io/

Find the vault here: https://app.vyfi.io/vaults

Cavalier King Charles Token began its journey on Cardano purely as avid supporters of the blockchain itself and the technology that underpinned it. However as time went on the team was able to meet and engage with projects and community members that inspire them to build more and flesh the project out to new heights.

Last month we released three articles describing in detail some of the technical features behind our DEx and BAR. These reports focus on giving users a better understanding of the platform and how we plan to implement features such as xVYFI into the BAR, what the impact of the BAR will be, and a thorough outline of farming allocation.

See articles below:

· https://bit.ly/FarmingAllocationOutline

· https://bit.ly/WhatisxVYFI

· https://bit.ly/BARImpact

Beta testing also commenced for our DEx and BAR in February. Selected community members have the opportunity to get their hands dirty and test a range of features. Right now beta testers are actioning multiple swaps and serves to the BAR making sure when our product launches, it does so with as many kinks ironed out as possible. A huge thank you to these volunteers, your feedback so far has been invaluable and we cant wait to move to public test net to get even more reactions from the wider community.

Lastly, development charges ahead! The main updates for the month being:

· Finished development on all on/off-chain Plutus code for the DEx and BAR, including all data query servers and process servers

· MVP UI for BAR and DEx

· Continued to write tests, as well as running the system as a whole to find limitations and metrics

· Private testnet launch

· Due to popular request, we added a circulating supply component to our front end

If you have not joined our socials yet or have any questions you can find links to our social below. Thank you for reading and we’ll see you next month for another update.

Twitter: https://twitter.com/VyFiOfficial

Telegram: http://t.me/vyfinance

Discord: https://discord.gg/r3TY4Y5PDw

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