In a recent interview on the Stakecito podcast with our Co-Founder Nemus, Lord Pemberton, one of the founders of Yeet, shed light on the project’s role within the Berachain ecosystem, its gamified DeFi mechanics, and plans for future growth.
This blog post dives into the insights shared during the interview, offering a comprehensive look at Yeet’s flagship products, its integration with Berachain, and how the project aims to capitalize on the ecosystem’s Proof of Liquidity concept.
What is Yeet?
At its core, Yeet is a blend of DeFi and gameified finance, designed to offer users innovative ways to engage with decentralized finance through playful mechanisms. The project launched with its flagship product, The Yeet Ponzi, affectionately referred to as the "thermonuclear giga-Ponzi" by its community.
The Yeet Ponzi allows players to deposit BERA (the native gas token of Berachain) into a pool, competing for a chance to win part of the accumulated funds based on strategic timing and game theory.
The Mechanics of the Yeet Ponzi
The game works by resetting a timer each time someone "yeets" (deposits) into the pool. If the timer hits zero without any new deposits, the last person to yeet wins the prize pool. However, the game’s design prevents bots or other automated systems from sniping the final deposit, keeping it human-centric. There’s a 0.5% minimum yeet required based on the current pool size, ensuring that the game has a natural end point without dragging on indefinitely.
An additional layer to the game involves the Yeet Token ($YEET), which players can farm by participating in the game. These tokens can be staked to earn a share of the protocol’s revenue, incentivizing long-term participation in the ecosystem. This multi-layered dynamic has drawn significant attention from the Berachain community, positioning Yeet as a major player in the gameified DeFi space.
The Yeet Bonds: Enabling Protocol-Owned Liquidity
In addition to the Ponzi game, Yeet has launched Yeet Bonds, a product designed to help protocols on Berachain own their own liquidity, a concept that’s crucial in DeFi. Inspired by the Olympus model, Yeet Bonds allow protocols to sell their tokens directly to buyers at a discount in exchange for liquidity pool tokens (LPs). This approach helps projects avoid high fees and slippage associated with traditional liquidity markets, while buyers get discounted tokens in return.
Leveraging Proof of Liquidity with P²
One of the most interesting innovations Yeet is exploring is P², or "Proof of Liquidity squared." This combines Proof of Liquidity (the Berachain-native mechanism for incentivizing liquidity) with Protocol-Owned Liquidity (POL), giving protocols like Yeet more control over their liquidity. Yeet Bonds are the tool enabling this model, making it easier for protocols to sustain liquidity in a way that benefits both the project and the broader ecosystem.
Yeet’s NFT Collection: The Yeetards
During the interview, Lord Pemberton also discussed the role of Yeet’s NFT collection, the Yeetards. These NFTs not only serve as fun, collectible items within the Yeet ecosystem, but they also provide tangible in-game benefits. Holding a Yeetard boosts the amount of $YEET tokens a player can earn, making it, as he stated, a valuable asset for those looking to maximize their returns.
The Yeetards also aggregate perks across the Berachain ecosystem, giving holders access to a variety of benefits in other projects. This cross-project integration is part of what makes Yeetards a unique and sought-after asset within the Berachain NFT ecosystem.
Roadmap and Future Plans for Yeet
As Yeet continues to grow, Lord Pemberton revealed several plans for the project’s future. The team is actively squashing bugs and conducting audits for their products as they prepare for Berachain’s mainnet launch. Yeet Bonds will remain a core focus, with several top protocols in the Berachain ecosystem already signed on to participate. In addition, the team is working on a new product that will further enhance the Yeet ecosystem, though details are yet to be announced.
As for long-term growth, the Yeet team is committed to integrating Proof of Liquidity and helping other protocols leverage this mechanism through Yeet Bonds. By combining these DeFi innovations with gamification, Yeet aims to create an ecosystem where users can have fun while engaging in serious DeFi strategies.
The Role of Yeet in the Berachain Ecosystem
One of the key takeaways from the interview is Yeet’s strong integration with the broader Berachain ecosystem. Collaborations with projects like Kodiak Finance and others have positioned Yeet as a cornerstone of Berachain’s growing DeFi landscape. Additionally, Lord Pemberton shared that the project is working closely with validators to ensure a robust incentivization strategy for liquidity providers when Berachain’s mainnet goes live.
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