In early 2024, there was a fleeting NFT craze on SEI, and Yei was among them, firmly occupying a leading ecological position
Additionally, if you have followed the Sei ecosystem, you will find an interesting phenomenon: nearly half of the funds are locked in the same project, which is Yei Finance
A project officially 'designated' by the public chain
When giants like Backpack, Circle, and Etherscan announced their support for the Sei chain, Yei had already been deeply involved in this chain for a long time. Interestingly, Sei has publicly endorsed Yei more than once, which is uncommon for a public chain
A DeFi project can gain such a special status, definitely has its reasons
🔶 First, old problems and new solutions in DeFi
If you want to trade on the Sei chain, but your money is on Ethereum, traditional methods require us to go through complex cross-chain bridges, which is both labor-intensive and effortful
Yei's solution is quite straightforward
It integrates cross-chain bridges, DEX, and lending protocols, allowing users to complete tasks that originally required three or four platforms with just one operation
More importantly, user funds can earn multiple profits simultaneously during this process:
▫️Lending interest
▫️Transaction fee sharing
▫️Cross-chain arbitrage profits
▫️Treasury strategy profits
One unit of money can generate four units of profit for users, this is the core competitiveness of Yei
🔶 Second: Data does not lie
Let's take a look at Yei's true performance:
When a project occupies nearly half of the total funds on a chain, it is no longer just an ordinary DeFi protocol, but the infrastructure of that chain
Current status of Yei's multi-chain integration
🔶 Third: Recently, Yei's activities have been frequent, driven by three key moments
1⃣ Sei Season 4 + launch of native $USDC
Circle officially issues native $USDC on the Sei chain, which means that large funds can finally enter with peace of mind
Previously, bridging $USDC was always a concern, but now with the official endorsement of Circle's native version, institutional funds have fewer worries. Yei is among the first protocols to support native $USDC, directly accommodating this influx of funds
2⃣ V2 version launched, product matrix completed
YeiBridge (cross-chain bridge), YeiLend (lending), and YeiSwap (exchange) have all launched, allowing users to complete all DeFi operations on one platform without having to run around
3⃣ TGE is approaching, this is the focus of greatest concern for users
Yei has also launched an interesting incentive system
▫️Yeiliens NFT: Limited to 3000, holders enjoy future governance rights and special privileges
▫️Golden Badges badge system: Obtainable by using the product, three colors represent different skills, with a total of only 999, FCFS
▫️The number of badges may determine airdrop shares
So, participating now not only allows you to experience the product but also prepares for the upcoming airdrop
🔶 Fourth, Yei's luxurious team lineup: a top-tier combination from Wall Street to the crypto circle
Core members come from Wormhole, with technical experts from Binance, Circle, and product specialists from OKX Wallet, traditional financial elites from Goldman Sachs and JPMorgan
Financing situation:
Completion of $2 million seed round in 2024
Lead investor is Manifold (a top-tier fund focused on DeFi infrastructure)
Investors include Blockchain Founders Fund, Outlier Ventures, DWF Ventures
Currently raising $5 million in strategic round financing
In summary, what Yei does is — gather money scattered across various chains, allowing users to earn the maximum profit in the simplest way
As more and more users use Yei:
→ Increased liquidity, reduced trading slippage
→ Attracting more large investors and institutions
→ Protocol revenue growth can provide more incentives for users
→ Ecological status enhancement, gaining more official support
→ Continuous optimization of product experience to attract more users
A DeFi positive flywheel is forming
In the crypto world, finding projects that truly solve problems is more important than chasing trends. Moreover, Yei's TGE is approaching, now may be the best time to get in
Official website: yei.finance
Transaction: swap.yei.finance
