YDragons introduced IndexPad and APR Pools

The YDragon ecosystem is growing fast, with a successful dual IDO followed by the dual listing now seemingly long past. Developments and partnerships are coming thick and fast, creating huge amounts of hype and interest in the YDragon product offering.

At this stage, and with some exciting news edging closer by the second, it’s a great opportunity to give their loyal community a preview of the features at their core; the YDragon IndexPad, and APR Pools

The YDragon ecosystem envelops a number of key areas within the DeFi space, but the main focal points have been the same from the very beginning; firstly, to simplify diversification through index investments, and secondly, to provide yield-generation through staking and liquidity pools (APR Pools). This is where the YDragon IndexPad comes to the fore, allowing us to select lucrative and promising assets, and group them into simple, one transaction indexes.

YDragon IMO

To initiate the launch of each new Index from the YDragon IndexPad, they will announce and hold an Index Minting Offering, or IMO. The basis here is not too dissimilar to an IDO or ICO, in the fact it is an initial product offering over a set period of time, during which investors can take advantage of various discounts, incentives and benefits.

It is of great benefit to invest during this initial IMO period while these incentives are available. They can come many forms, including lower fees, better APR, exclusive NFT offerings, and often there are very lucrative competitions and giveaways during this period.

The IMO is not your only opportunity to invest an an Index, you can of course do this later, but the benefits of taking advantage during this period really do speak for themselves.

The YDragon IndexPad BETA

As they are edging ever closer to the first IMO, let’s take a walkthrough of what you can expect to see as an investor.

First, here is a preview of how your index will look. Just to be clear, you can ignore the numbers, this is simply a setup of the BSCX (Binance Smart Chain Index) and to show you how it all works.

Index Breakdown

If you take a look at the image above, you are effectively looking at the asset breakdown of the BSCX. As an investor in a particular YDragon Index, you will be able to select your index and look at the overall performance as well as the individual asset performance within the index.

I’m sure you’ve noticed the chart at the top of the image; this gives you a pictographic representation of the index performance over time, much the same way as the charts on any exchange. The current Index Price is the big number at the top — $10.11.

Below the chart, they have the individual assets within the Index and several columns of key numbers. The first column — Quantity per Set — is the actual number of that particular token within the index. I’m pretty sure Token Price speaks for itself, and Current Weight tells you what portion of your index is made up of each token. Percent Change is, of course, 24 hour performance of the asset, and finally Token Price per Set is the total monetary value of that asset within your YDragon Index (Quantity per Set multiplied by Token Price)

Let’s take a brief look at what you will see on the IndexPad when the first YDragon Index goes live

This second image is the Index overview you will see when accessing the IndexPad. If you do some quick maths you can see that it is the overview of the first image. If you multiply the Index Price ($10.11) by the Total Supply here, you should get the $623.00 Market Cap (give or take a few cents, remember this is a BETA test example!). I think it’s safe to say the Your Balance and the Buy and Sell buttons are fairly obvious.

IndexPad Dashboard

Taking a look at another aspect of your YDragon IndexPad above, this one is fairly self-explanatory — let’s call this your IndexPad Dashboard. Here, you are presented with a list of your active IndexPad investments and a brief overview of some key metrics. As you can see, this includes your Current Weight breakdown, in addition to MarketCap, Current Price and the overall Index performance across multiple time periods.

Yield Generation through APR Pools

As they know, the crypto markets don’t always do what they want them to. If they did, they’d all be rich! However, there are incredibly lucrative methods of your assets working for you whether the market is or isn’t. This brings us to the second core feature of YDragon; yield generation through APR Pools.

APR Pools, or staking pools, are ways to put your investment to work for you. APR Pools offer opportunities to use your investment, or collateral, to provide liquidity (funding) to certain cryptocurrency protocols for a specific time period, and receive rewards in return.

Let’s take a look at the YDragon Staking Platform

As you can see above, Staking is very simple and straightforward, but let’s take a walkthrough. Across the top you can see your assets available to stake, in this case BSCX. In the center is fairly self-explanatory; you select your amount to stake, the time period of preference and send your stake for approval.

In the bottom half you can see two buttons; Harvest and Harvest and unstake. The Harvest option allows you to collect any rewards you have gathered from your staking, and Harvest and unstake collects these rewards and returns your stake to you.

Finally, across the bottom are your Staking Statistics. Here you will find all of the key information related to your staked assets, including the staked token, month of stake, end date of the staking period, amount staked and rewards related metrics. Take a look at the below image to see these populated.

Here, you can see they have staked all of their BSCX for a period of three months, and this stake is due to end on 26/11/2021 at 9:11am. As this is simply a test stake for preview purposes, the reward columns remain at zero.

One final thing; to unstake your assets early does come with a penalty. You’ll notice above, a 25% penalty for unstaking before the end of the lockup period. This figure is actually variable based on the length of staking period and how early you want to unstake your assets — it will reduce as the end date gets closer.

The reason for the penalty is two-fold. Firstly, your staking is part of an agreement which is about to be broken, which comes at a cost to everyone involved. Secondly, it’s actually to incentivise you to keep your stake locked and keep earning rewards. This way, everybody wins!

More to Come

I hope this first-look walk through at what you can expect from the YDragon IndexPad and APR Pools (Staking) has whet your appetite sufficiently, this next phase is just around the corner!

As I previously mentioned, Index investing through the YDragon IndexPad is just one of our key focus areas, with another being yield-generation through APR Pools. This is a huge focus in crypto right now with incredibly lucrative returns available, and as YDragon investors you will be given access to some of the best opportunities available. There will be more information released on this in the very, very near future.

Yield to the mighty.

Buy YDR on Pancakeswap here

Buy YDR on Uniswap here

Contract Address: 0x3757232b55e60da4a8793183ac030cfce4c3865d

📰 INFO

https://medium.com/ydragon-io/index-investing-the-ydragon-way-1659551bd463