In a lengthy update, the company has assessed its progress so far before outlining major plans for the future.
Ten Finance is Making Moves
Ten Finance is now gearing up to launch a number of new features including token pools, Non-Fungible-Tokens (NFTs) and their Yieldex (yield index). The team has made considerable progress lately, and was keen to discuss how far it has already come before unveiling its roadmap and what lies ahead. The team released the plans via a recent blog post on June 20th. Since its inception, Ten Finance has made a point of simplifying decentralized finance, making staking and farming as easy as possible. The company has already won over a considerable following on social media and has accrued $8 million in Total Value Locked (TVL).
The Novel Yieldex
As BSC News previously reported, Yieldex is the flagship product of Ten Finance, with a number of different Yieldex options available. Each Yieldex will have its own reward and risk profiles. Super Yieldex will have the highest quality coins and liquidity. The “Bluechip Yieldex” is said to offer the highest APYs anywhere in Decentralized Finance (DeFi), while the stablecoin Yieldex will offer lower risk returns. While Ten Finance is teasing the rollout of Yieldex, the company is still playing its cards close to its chest.
In the blog post Ten Finance stated, “We will most likely have a few variations of the Yieldex, don’t want to disclose too much, but let’s just say that TENFI will play a leading role in the Yieldex “environment.”
Besides Yieldex, Ten Finance is seeking to make progress in a number of other areas. The project is currently looking at single token pools for BTC, ETH, and BNB among others. The project is seeking to build outside partnerships, which will mean that staking TENFI (the native token of Ten Finance) can accrue rewards in third party tokens. Ten Finance is also seeking to create TENFI NFT items with the proceeds of any sales being used to buy back and burn TENFI.
Ten Finance will also seek to build educational content, to conduct AMAs, to seek CEX listings and cross over on to other chains citing, “Polygon, Avalanche, HECO and maybe even TRON”.
Full Speed Ahead
With an ambitious roadmap of plans and new features, the project is now focusing on the implementation of their ideas. Having teased the launch of Yieldex the Ten Finance community will now be looking forward to its launch, along with the rest of the features promised.
Source : bsc.news
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