VyFinance May Update

4 min readJun 2, 2023

We. Are. Live. What an amazing month it has been! We launched on Mainnet, released our initial Audit, announced three great vaults including an LP vault, put out some in-depth articles, got involved in some great spaces and continued, as always, to build and continue to innovate.

The new vaults for the month of May were:

SICK CITY, See more here: https://sickcity.xyz/

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

“Sick City is an organic music promotion platform that distributes new music to its users every epoch for next to nothing! The purpose of Sick City is to recognize and platform artists in the community by distributing their music to listeners all over the world and to provide a new way for listeners to collect and enjoy music!”

PLATYPUS CYBERPUNKS, See more here: https://platypuscyberpunks.com/

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

“In a world where oceans have become toxic and lands unstable there is a collection of uniquely generated platypuses that have entered into a state of stabilized hibernation using Cardano technology located deep within the Earth. In hopes that they are awakened one day to help rebuild the oasis known to them as Paddle Pond. Will you help awaken the platypus?”

Danketsu, See more here: https://danketsu.io/

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

“Danketsu (formerly known as ADA Ninjaz) is a community-driven and gamified multimedia experience.

Previously, Danketsu delivered various products ranging from music and comics, to gaming and NFTs. With its rebrand, Danketsu is ready to take 2023 and the #DankFam by storm.

With the upcoming release of the $NINJAZ token, Danketsu will integrate its wealth of story, lore, NFTs, and music to build its pick-your-own-adventure gamification experience called “Danketsu Missions”.

This gamified platform will be available on the Cardano blockchain and will evolve into a larger web-based RPG game over time.”

Mainnet is LIVE!

This has been over a two-year journey but we are finally here! For the first time in crypto users are able to earn rewards without staking their LP tokens.

Our Mainnet launched on the 15th of May, with farms going live on the 29th. As of the 31st of May we were able to garner ₳ 10.28M in TVL. This has been an incredible response and we are speechless.

We could not have done this without the help of the Cardano community. We are constantly blown away by the resourcefulness and intelligence displayed by the community at large. Thank you so much to the people who have supported us thus far, we’re not done yet, there are plenty more things to build and we can’t wait to do it with you!

Something that has been a long time coming, and we couldn’t be prouder of, is our Initial Audit. The team at OBSIDIAN SYSTEMS were an absolute pleasure to work with and we couldn’t recommend them more to businesses building on Cardano.

This is a huge step for us and our community. It is our number one priority to make sure our platform is as safe as possible. This audit was a vital step in ensuring we were prepared to launch, and the results have been nothing short of incredible.

“After completing this initial audit, no critical issues were discovered in the VyFinance DEX ‘smart contracts. Findings were limited to lower severity items.”

Link to audit: https://bit.ly/VYFI-Initial-Audit-Report

We had a huge number of videos made this month about VyFinance and we’d like to take this opportunity to thank all the content creators that have aided us in our journey. It can be hard in the world of Blockchain to get the word out and build a project, without these amazing people we would have no where near the reach or success we have had. Here is a list of just some of the videos from May:

· https://www.youtube.com/watch?v=zcr8g0l6-zU

· https://www.youtube.com/watch?v=Z9gcwBZCRFs

· https://www.youtube.com/watch?v=aOp4hW4Oims

· https://www.youtube.com/watch?v=3vkeq8tbxG4

· https://www.youtube.com/watch?v=Ji4ORYtsoNk

· https://www.youtube.com/watch?v=z7sbhUb6VYU

· https://www.youtube.com/watch?v=7CpR3NceMEQ

· https://www.youtube.com/watch?v=dzEkLHXkQwM

· https://www.youtube.com/watch?v=OMily_abQIg

· https://www.youtube.com/watch?v=VlxR05VLqBQ

VyFinance YouTube Playlist: https://bit.ly/VYFIyoutubePLA

We released some thorough and in-depth articles this month. That detail some key features in regards to our Mainnet Launch, moving forward and our Initial Audit:

· https://bit.ly/MainnetLaunchVYFI

· https://bit.ly/12HOURStoGO

· https://bit.ly/THEcomingMONTHS

· https://bit.ly/InitialAuditReportVYFI

Check out our medium to read through all our releases and a stay in the loop: https://vyfinance.medium.com/

We had the huge pleasure of joining in a couple of spaces last month and hosted one ourselves. If you missed out check out the spaces here:

· https://twitter.com/SubcriticalTV/status/1656682959293018113

· https://twitter.com/GreatApeDebate/status/1654189539068444672

· https://twitter.com/VyFiOfficial/status/1658157140807397376

Thanks so much for stopping by, remember to follow our socials to stay up to date with everything happening on VyFinance.

Twitter: https://twitter.com/VyFiOfficial

Telegram: http://t.me/vyfinance

Discord: https://discord.gg/r3TY4Y5PDw

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