What is Manifold Finance (FOLD) | What is Manifold Finance token | What is FOLD token
In this article, we’ll discuss information about the Manifold Finance project and FOLD token.
Manifold is a multi-protocol middleware solution to improve connectivity between DeFi products.
With YCabal, we are redefining transactions. We guard traders against on-chain predatory arbitragers via our MEV-based solution, while drastically decreasing gas fees.
Our governance system allows participants to buy in to our technology and benefit from the strategies in a way they can generate passive yield, while also engaging with the governance process that drives these integrations.
Safe passage through the dark forest
Currently, you as a trader are forced to directly put your transactions on-chain. From that point on, you’re helpless. Nefarious actors can target your transactions whenever they want, eventually causing you to pay extra gas fees, which are already egregiously high.
With YCabal, we’re giving traders a shield to protect themselves against those ‘creatures’. This process guarantees that your transaction gets posted and creates a situation where you can have the majority of your gas fees refunded.
YCabal’s Core Benefits
1. Shield your transactions
2. Save on gas costs
3. **Reduce **failed transactions
How it works
You, the user, opt-in for YCabal to leverage Manifold’s MEV-RPC layer to shield yourself from predatory on-chain arbitrage. Transaction order flow into the algorithm gets analyzed to identify arbitrage opportunities. This happens within nano-seconds, assuring minimal lag-time. From here the transaction is being sent directly into the mining pool. The profits are then shared between network participants.
Effectively, you’ll be paying _near zero gas fees, _and that _‘fail’ _message may become a thing of the past.
SHAPING THE FUTURE OF MANIFOLD
Governance
Governance participants can opt-in to a portion of the yield from our middleware strategy. At the end of the staking sessions, you’ll be able to receive yield.
Network participants can buy in to our technology and benefit from the strategies in a way that generates passive yield, while also engaging with the governance mechanism that drives these integrations.
A TRULY DEMOCRATIC SYSTEM
Voting
Network participants are democratically involved in governance votes. You’ll be a able to vote on integration partnerships and strategies.
You’re not just impacting the direction that strategies will take, but also the distribution of the revenue that each one generates. With Manifold, you will influence how the future gets built.
DeFi Protocols
As a result of the benefits that our solutions bring, your platform’s user experience naturally improves. In addition to that, DeFi protocols that integrate with our technologies also share in the revenue of our strategies.
STRATEGIES
From trade execution infrastructure to on-chain protocol extensions, Manifold
Finance has built a scalable stack of DeFi products with a focus of enhancing and providing additional functionality to DeFi protocols.
MAKING YOUR LIFE EASIER
Manifold middleware, such as YCabal, is plug and play. Whereas integration with other middleware often requires changes to the foundation layer of the protocol, ours require minimal changes to implement.
Additionally, YCabal builds its own RPC end points, allowing developers to identify bugs and resolve them swiftly. On top of that, we’re giving developers more choice in terms of capabilities.
How and Where to Buy FOLD token ?
FOLD has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy FOLD.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase FOLD from the website: https://www.manifoldfinance.com.
The top exchange for trading in FOLD token is currently …
Find more information FOLD
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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