A few days ago, when I returned to my hometown, I happened to see my grandparents saying they were going to pay the water and electricity bills. They mentioned they would take the electricity and water cards to queue up to pay the electricity bill. It's so hot in summer that I'm worried they might get heatstroke.

At the place to pay for water and electricity, you still have to queue, and there are so many people. It almost takes half a day for a round trip. Later, I helped them find a life service platform on their phones. After binding the information, they can complete all the payments with just a few clicks. They praised how convenient modern technology is.

Actually, playing DeFi now is somewhat like the way grandparents used to pay their utility bills.

I have some money on Ethereum now and want to transfer it to Solana to buy a coin. First, I need to find a cross-chain bridge to transfer it. After transferring, I realized I want to borrow some money for liquidity, so I have to switch to a lending platform.

Looking back, I wanted to exchange some profits for stablecoins, but I had to open another DEX, jumping back and forth across different chains and platforms, spending quite a bit on transaction fees and wasting time. This is what people often refer to as liquidity fragmentation, where money and functionality are scattered everywhere, making it very cumbersome to use.

What @YeiFinance is doing is somewhat similar to that lifestyle service platform, except that it integrates various functions of DeFi.

➢What is Yei Finance?
It is the largest protocol on the Sei chain, capable of lending, functioning as a decentralized exchange (DEX), and enabling cross-chain transfers, essentially combining these three core functions together.

The most important thing is that it not only plays on the Sei chain, but also connects with mainstream chains like Ethereum, BNB Chain, and Solana.

For example, assets on different chains used to be like money scattered in different rooms. Now, Yei has built a shared living room where all the money from different rooms can be managed in one place. Whether you want to exchange, borrow, or transfer, you can do it all in the living room without having to run back to each individual room.

Being able to achieve this is inseparable from its relationship with Sei. The Sei official team not only strongly supports it, but also often collaborates with core members of Sei to brainstorm on how to optimize, which allows it to obtain a lot of resources in the ecosystem.

Currently, nearly half of the funds (TVL) on the Sei chain are here in Yei, accumulating over 5.5 million dollars earned, showing that everyone is truly willing to use it.

I think its most practical aspect is the multi-source income for users.
In the past on DeFi platforms, you either earned interest through lending or earned fees through trading. If you wanted to earn more, you had to hustle back and forth.

But by depositing money on Yei, you may simultaneously earn interest from lending, share in transaction fee profits, and even gain from price differences during cross-chain transactions, which is somewhat like putting money into an automatically profitable basket without having to toggle it yourself.

➢ Project Background and Advantages
Moreover, its team background is reassuring, with many core members coming from major institutions like Wormhole and Binance. Last year, they raised 2 million dollars in funding, and they are currently in the process of raising the next round, with a valuation reaching 50 million dollars.

This indicates that professional institutions also recognize its direction, after all, being able to simplify complex DeFi is itself a valuable thing.

The Sei ecosystem is developing rapidly now, with major institutions like USDC entering the space. As a core protocol, Yei can directly support native USDC, which means it can accommodate more mainstream funds.

Recently, it also organized some activities like badges and NFTs. Holding an NFT and using its functions might allow users to receive airdrops in the future, which can be considered a small benefit for users.

Ultimately, whether it's life services or DeFi, what everyone wants is actually the same: less hassle and more convenience. Yei integrates decentralized functions and funds into one place, allowing cross-chain, lending, and trading to be completed all in one location. This may be the reason it can run as a leader on the Sei chain; after all, who doesn't want to save some trouble?
#YeiFinance