YDragon Makes Creating Diversified Crypto Portfolio Simpler than Ever

If you want to be a successful investor, the most basic rule to remember is diversification. What this means is that you cannot invest all of your money into a single asset and hope for the best, as this is a sure way to lose your entire investment. If the asset slips, your money is gone, and you might end up having to wait for years for the price to recover enough to nullify the losses, provided that it ever does.

This is true even when it comes to trading traditional finance, and it is a rule to live by when it comes to cryptocurrency investments. However, investing in crypto and diversifying your investments is not that easy. As you likely know, each cryptocurrency is unique. They all differ, typically in multiple ways, whether it is capitalization, the maturity of blockchain or community, complexity, liquidity, blockchain tech, exchange placement, and many, many other ways.

So, investing in multiple coins, storing them safely, paying transaction fees, remembering the details of all these assets, their chains and technology, and more is quickly going to be too much for any single investor. To make things easier on people who wish to diversify their crypto portfolios while investing in different assets on different chains, many started working on interoperability. Of course, interoperability for the sake of investing is only scratching the surface, but it is just as important for properly diversifying your portfolio in a safe, cheap, and easy way. And this is where YDragon comes in.

What is YDragon?

YDragon is a cross-chain index ecosystem that aims to provide a true interoperable cross-asset experience. Essentially, it comes as a brand-new way for investors to easily reach multiple assets, but also multiple yield farming protocols. This is a perfect way for DeFi users to not only invest into projects they are interested in, but also use their investment to secure passive income in a risk-free environment.

The crypto industry has taken many concepts from traditional finance and it either improved them, made them decentralized, or created its own version of them. What YDragon has to offer is not much different than investing in baskets of assets in traditional finance. It’s just the blockchain version of it.

Of course, many would argue that this alone makes it better, as investors don’t have to rely on portfolio managers, but rather on smart contracts. Meanwhile, their assets do not work to make the management firm money, but the investors themselves, through redistribution of yield farm rewards.

YDragon is a young project that has yet to emerge in full strength, but it is getting closer and closer to that day. In less than three weeks, the project will launch its token, YDR, and right after that, it will bring its first index composed of the best projects that Binance Smart Chain (BSC) has to offer.

After that, it plans to do the same for other chains, such as Polkadot, Matic, and Avalanche. And, of course, YDR will also be available for investors to purchase and hold, and gain exposure to the full scope of the project. The token will also offer governance in a way where users will be able to make decisions on future index offerings. And,as DeFi continues to grow and expand, those are likely to be many in years to come.

As mentioned, YDR is expected to launch in about three weeks, which puts it somewhere near mid-July, which is also when the first index offering will come, as well. But, this is only the beginning. After that, the project will publish a roadmap, a whitepaper, it will pursue partnerships, and it even has plans for its own launchpad and airdrop campaigns.

The post YDragon Makes Creating Diversified Crypto Portfolio Simpler than Ever appeared first on TheCryptoUpdates.