---
description: Super Easy Value Add to NFTs
---

# YoursFi on Aptos

## Overview

YoursFi is a DeFi protocol that easily captures Aptos DeFi position and verifies it through NFTs. NFTs can be liquidated using the $YRS token. $YRS token stakers can share the protocol's earnings. It is closest to LSDFi because of its role in enhancing DeFi usability and increasing liquidity in DeFi positions.

## Userflow

<figure><img src="https://3800717926-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FDxZBajuhrbvxTXHDQuaU%2Fuploads%2FQkIv2FTrWUNOJAiltiTq%2FGroup%201946.png?alt=media&#x26;token=25c75da7-c333-49e5-b3bc-fd15d28bf756" alt=""><figcaption></figcaption></figure>

Deposit APT -> Mint Financial NFTs -> Sell on the product (20% goes to the protocol) -> Receive $YRS -> Convert to APT in the swap pool and repeat, increasing by 0.8x each time.&#x20;

## Usecase

#### 1. Issuing Financial NFTs

* Issuing NFTs representing APT staking positions
* Issuing NFTs representing LP positions in other Aptos DeFis

#### 2. Utilization of Financial NFTs

* NFT holders receive rewards. However, to prevent direct cash flow, continuous provision of web2 rewards ‘Credits’ will be provided, which can be swapped later.
* NFT transactions can be used for position hedging or traded like mid-risk, mid-return bonds.
* Combined with existing Aptos NFTs, these NFTs can provide financial intrinsic value to existing NFTs.
* Private funds that allow deposits only from holders of specific Aptos series NFTs can be implemented.
* Authorization for specific community treasuries and access can be represented by NFTs and traded (similar to functionalities like [friend.tech](https://www.friend.tech/)).

#### 3. Methods for managing potential risks

* To prevent vortex attacks and death spirals, $YRS is backed by asset pools (some go to protocol earnings), and the protocol regularly buys and burns $YRS. Additionally, burning $YRS can reduce the NFT lock-up period.
* It's crucial not to deplete the APT pool or the $YRS pool. As mentioned above, burning $YRS can reduce the NFT lock-up period, and burning APT can increase the ratio of $YRS obtained from NFTs. Through this exchange relationship and swap pool, continuous exchange of intrinsic value between APT and $YRS is achieved, maintaining balance.

## Milestone

23 Q4

* Develop DeFi features (starting with staking and Thala integration)
* Integrate with Yours protocol
* Issue Financial NFTs

24 Q1

* Launching beta service
* Conduct attack simulations
* Partnership with at least one Aptos project

24 Q2

* Launching service
* Onboarding of over 200 users
* Implementation of credit use cases
* Partnerships with two or more web2 and web3 communities

24 Q3

* Token sales
* Onboarding of over 1,000 users
* Strengthening incentives for protocol contributors
* Connect additional services within the Aptos ecosystem

### More about the [tokenomics](yours-credit/usdyrs)
