SW
Steven Ward is CEO of VyFinance, a DeFi platform built on the Cardano blockchain. He works on bringing financial inclusion to developing countries through decentralized finance services.
1Interview
2022First on the show
Mar 2022Latest appearance
20 minOn camera
20:12
Latest interview · Mar 14, 2022Steven Ward bringing DeFi to Cardano blockchainWatch the episode →
In their own words
“We're generating or building a neural net which teaches itself the optimal situation to place your funds to optimize yield farming.”
Key points from the latest interview
- VyFinance is building a DeFi ecosystem on Cardano including a DEX, bar mechanism, and AI-powered auto harvester with dynamic yield farming strategies.
- The auto harvester uses neural networks to automatically adjust yield farming positions across high, medium, low risk and stablecoin tiers based on real-time market conditions.
- VyFinance's bar distributes fifteen percent of auto harvester income to VyFi token holders, creating an external income funnel unlike most closed-loop DEX models.
- The platform prioritizes financial inclusion in developing markets, particularly Africa and South America, using Cardano's focus on emerging economies.
- VyFinance announced a partnership with Koti to integrate Jed, an upcoming stablecoin built with IOG, as a primary asset alongside ADA.