There are two main tokens within the Yubari Finance Ecosystem, YUB and YLP. YUB is Yubari Finances' main utility and governance token and it will give holders a variety of perks within the Yubari Ecosystem. YLP on the other hand, is Yubari Finance's main liquidity provider (LP) token, providing the important liquidity needed for trading on a decentralized perpetual exchange.

Supply

The max supply of YUB will be 100,000,000. The breakdown in allocations of YUB are as follows:

1. Initial Liquidity from Yubari Fair Raise: 15%

2. Yubari NFT: 10% (Vesting in 1 year)

3. DAO fund: 10% (Vesting in 1 year)

4. Dev fund: 10% (Vesting in 1 year)

5. YLP Stakers: 35% (Vesting in 1 year)

6. YUB and esYUB Stakers: 20% (Linear 1 year)

YLP

YLP is Yubari Finance's main liquidity provider (LP) token.

YLP represents a number of blue chip cryptocurrency assets, including CANTO, used for spot and leveraged trading. In short, YLP holders provide the liquidity needed for platform operations (i.e. spot and leverage trading on the platform) and will make a bigger profit when positions are liquidated/make a loss and vice versa. YLP can be minted and burnt using any of the assets supported on Yubari Finance.

The redemption and minting price of YLP is calculated as follows:

Total worth of assets after PNL / YLP supply

Holders of YLP earn escrowed YUB rewards and 65% of fees made on the platform, distributed in CANTO.

Contract Secured Revenue and Platform Fees Distribution

CSR and platform fees collected by the exchange in the form of CANTO will be distributed in a manner that ensures the health of the protocol and its ecosystem.

The distribution breakdown are as follows:

1. 65% fees for YLP staker

2. 5% fees for Yubari ecosystem and development

3. 20% fees for YUB & esYUB Staker

4. 10% fees for buyback YUB and YUB/CANTO liquidity

More to come on Yubari NFTs and more.🍈

Yubari Finance is a decentralized spot and perpetual exchange that allows users to open leveraged long and/or short positions on blue chip crypto assets, including $CANTO.

All trading is supported by a unique multi-asset pool consisting of blue-chips and stablecoin. The pool acts as a Automated Market Maker (AMM) for leveraged trading on Yubari Finance.

Yubari Finance sets its sights on becoming the go-to trading exchange with the best on-chain trading experience on Canto. We share Canto's vision to deliver on the promise of Defi, for transparency, accessibility and freedom.

Why on Canto?

With Contract Secured Revenue (CSR) being launched on Canto, a portion of gas fees spent on smart contract interactions can be collected in a CSR NFT designed by the contract developer. You can read more about Canto’s CSR program here and here.

Accrued Canto within the NFT can then be redeemed by the owner of the NFT at any point in time. At Yubari Finance, we aim to redistribute the majority of the revenue to users of our platform through multiple approaches. With the base fee set at 20%, paired with high trading volumes of decentralized perpetual exchanges, a robust ecosystem can be formed to further enhance the platform and benefit our users.

More coming soon 🍈🍈