CLOYei Finance (CLO) Price

1. Project introduction

Yei Finance focuses on enhancing cross-chain liquidity by unifying fragmented capital across various blockchains. It offers services such as cross-chain swaps, lending, and bridging, built on the Sei blockchain. Its notable product Clovis acts as a cross-chain clearing, execution, and settlement layer that consolidates capital split across lending markets, DEXs, and bridges into a single liquidity pool. This enables efficient DeFi operations with stacked yield opportunities, positioning Yei as a cross-chain prime brokerage layer in DeFi.

2. Team introduction

Austin Chien

Austin Chien is the Co-Founder of Yei Finance. He previously worked at FBG Capital, KryptoGO, and HashKey Capital.

3. Investment institution

Manifold, DWF Ventures, Kronos Research, Outlier Ventures, Side Door Ventures, WOO, Matt Dobel, 0xZHUANG.

4. Token application and distribution

Token application:

The $CLO token is used for governance voting, liquidity incentives via staking and Clovis points, fee sharing from lending, swapping, and bridging activities, access to airdrops and IDOs, and provides cross-chain utility, including discounts on bridge and swap fees within the Yei Finance ecosystem.

Token distribution:

• Ecosystem & Liquidity Incentives: 35%
• Community & Airdrops: 15%
• Team & Advisors: 15%
• Investors & Strategic Partners: 20%
• Treasury & Reserves: 10%
• Marketing & Growth: 5%