Yamfore

Yamfore is a decentralized lending protocol on Cardano that offers crypto-backed loans without margin calls, ongoing interest repayments, or time limits. Borrowers who deposit ADA collateral with Yamfore are not at risk of liquidation, regardless of market price fluctuations. The protocol's internal stablecoin treasury funds all crypto-backed loans, eliminating the need for counterparty requirements such as collateral value thresholds or ongoing interest repayments.

Yamfore operates by collecting fees from loans generated on the platform, including a CBLP flat fee, interest repayments, and ADA staking rewards. When a borrower closes their loan, they repay the principal and any accrued interest, receiving their deposited ADA collateral back. The collected principal and interest then return to the stablecoin treasury for further borrowing.

During the loan term, the protocol earns ADA staking rewards from the borrowers' collateral. Yamfore differs from other lending protocols by offering a simple loan position with no margin calls, liquidation risk, ongoing interest repayments, or indefinite loan terms. It is suitable for individuals seeking a passive loan position.

The team behind Yamfore is composed of passionate freelance programmers, and the protocol will undergo external auditing before its mainnet launch. For more information, you can refer to the official litepaper