- #8347
Yamfore CBLP
CBLP Price
Market Cap
--Rank #8347FDV
$8.87 MRank #4241Investors
Twitter Followers
Twitter Performance
81Rank by Twitter #12310- 0
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Detailed Performance
CBLP shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
CBLP to USD Converter
Price History
- All-Time High
- $0.019072.15x to ATH
- All-Time Low
- $0.004471.98x to ATL
- Trade Launch Date
- 31 Jul, 2023
283 days ago
About CBLP
Yamfore is a decentralized lending protocol built on the Cardano blockchain. It aims to be the first community-backed lending protocol that offers crypto-backed loans without margin calls, liquidation events, and indefinite loan terms. The team behind Yamfore is a small group of passionate individuals who have been self-funded since the beginning of the project, without any external funding from venture capitalists or other sources. The protocol is designed to prioritize the needs of borrowers and provide a safe way for users to secure their crypto exposure, regardless of market volatility.
What makes Yamfore unique?
Yamfore stands out from other cryptocurrencies in a few ways. Firstly, it is a community-backed project that has not allocated any insider token allocations to venture capitalists or private investment firms. This means that the development of Yamfore has largely been bootstrapped by the team themselves.
Additionally, Yamfore has a unique approach to handling stablecoin assets. It treats all stablecoins received in its treasury as "transitory assets," immediately lending them out to borrowers to maintain high capital efficiency. This means that stablecoins are not stored in the treasury for long periods of time.
Furthermore, Yamfore can be utilized as a leveraging tool by borrowers looking to increase their exposure to the crypto market. They can open a loan position through Yamfore, exchange their stablecoin payment for more crypto assets, and then open another loan position. This process can be repeated until the borrower achieves their desired crypto exposure.
It is important to note that while Yamfore will undergo extensive internal testing and external auditing before launching, there is always a risk of undiscovered bugs or exploits in the protocol's smart contracts. This could potentially result in partial or complete loss of deposited funds.
Live Yamfore Price Data
The current price of Yamfore (CBLP) is approximately $0.00887, reflecting a increase of 1.50% in the last 24 hours. The CBLP trading volume in the last 24 hours stands at $1,142.09.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Yamfore's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on CBLP, check out our crypto insights page.
Official Links
CBLP to USD Converter
Price History
- All-Time High
- $0.019072.15x to ATH
- All-Time Low
- $0.004471.98x to ATL
- Trade Launch Date
- 31 Jul, 2023
283 days ago