What is VyFi?
VyFi is a concentrated liquidity AMM on Cardano with a unique NFT-gated governance model. It allows liquidity providers to earn fees from precise price ranges and gives NFT holders direct influence over protocol decisions — blending DeFi and NFT culture in a novel way.
Key Features
Concentrated Liquidity AMM
Like Uniswap V3 on Ethereum, VyFi lets LPs concentrate capital in tight price bands for maximum fee efficiency on their preferred trading pairs.
NFT-Gated Governance
Protocol governance is controlled by VyFi NFT holders rather than a fungible token, creating a curated community of stakeholders with skin in the game.
Multi-asset Pools
VyFi supports pools with multiple assets, enabling more complex liquidity strategies beyond standard two-token pairs.
Staking Rewards
VyFi NFT holders and liquidity providers earn protocol revenue distributions, creating aligned incentives across the ecosystem.
How to Use VyFi
- 1
Connect your Cardano wallet at vyfi.io
- 2
Navigate to the Swap interface and select your token pair
- 3
Enter the amount and review price impact
- 4
Sign the transaction with your wallet
- 5
To provide liquidity, go to the Pool section and select a price range for your position
Frequently Asked Questions
How does NFT governance work on VyFi?
VyFi issues governance NFTs that grant voting rights on protocol parameters. Only NFT holders can vote, creating a more committed and curated governance community compared to token-based systems.
What is concentrated liquidity?
Concentrated liquidity allows LPs to deposit tokens within a specific price range. If the market trades in that range, the LP earns fees as if they had deployed much more capital across the full price curve.
Is VyFi audited?
VyFi's smart contracts have undergone security reviews. Always check the official VyFi documentation for the latest audit reports before depositing significant amounts.
Can I use VyFi without a VyFi NFT?
Yes. Anyone can swap tokens and provide liquidity on VyFi. The NFT is required only for governance participation and access to certain reward tiers.