Backyard Finance – Stablecoin yield infrastructure

Summary: Backyard Finance enables users to create stablecoin yield strategies across multiple vaults and mint a liquid stablecoin called Backyard Dollar using Strategy LP tokens. It uses a ve(3,3) economy with a decay-based emissions model to increase APY and liquidity.

What it does

It allows building yield strategies on stablecoins and minting Backyard Dollar against Strategy LP tokens, integrating a ve(3,3) economy to enhance returns and liquidity.

Who it's for

Users seeking to optimize stablecoin yields and improve liquidity across DeFi protocols.

Why it matters

It addresses yield inefficiency and fragmentation in DeFi by consolidating strategies and boosting APY through its emissions model.