Yellow Duckies (DUCKIES)

Yellow Duckies (ticker: DUCKIES) is a decentralized Layer-3 peer-to-peer financial network designed to address the liquidity fragmentation problem in the cryptocurrency industry. Yellow Network enables secure and efficient cross-chain trading, clearing, settlement, and compliance using state channel technology. The network connects multiple exchanges to instantly share liquidity, allowing liquidity providers to benefit from trading fees. Yellow Network Exchanges utilize secure multisig smart contracts and MetaMask’s technology for non-custodial storage of users’ funds. With its Layer-3 network, Yellow Network offers improved throughput performance and a better trading experience for major traders and institutions.

The token native to the Yellow Network ecosystem is called $YELLOW. This token is used for clearing and settlement between exchange platforms within the network. A minimum of 250,000 $YELLOW tokens must be locked to activate trading channels and provide liquidity. The token’s liquidity fees, both maker and taker, can be customized when establishing a trade channel between brokers. Additionally, $YELLOW tokens are secured by a reserve vault, providing stability and aiding in resolving settlement disputes between brokers.

Yellow Duckies has attracted strategic partnerships with industry leaders, including Coinsilium Group Limited and 5ire, to drive adoption and nurture a sustainable future for the blockchain industry. Technology-wise, Yellow Network leverages OpenDAX’ v4, a robust toolset for crypto brokerages developed by Openware. OpenDAX offers a quick and easy setup process, modular and scalable architecture capable of handling high transaction volumes, and incorporates the security benefits of both centralized and decentralized ecosystems. Yellow Network values open-source development and has been tested and trusted by many independent developers and companies.