Yield App Referral Code
What is Yield App?
The yield app is trying to bridge the gap between traditional and decentralized finance. They are offering higher returns on investment without the effects of volatile national currencies.
The app is designed with ‘Average Joe’ in mind. The founders intended to create a viable, comprehensive, and sustainable application that would lead its users to financial freedom. Yield app and web platforms are very intuitive.
Users can deposit both crypto and traditional national currency and transfer them to YLD tokens. This YLD token can then be used to find the perfect investment opportunity for the user.
Apps and platforms use YLD tokens as their main currency. When left in the user’s wallet, the app/web platform acts as a bank in the sense that interest is earned. As a result, the Yield ecosystem is supported, and consumers receive more money to invest.
Production differs from other industry leaders for two reasons. They are using a Bloomberg terminal on the back end and a mobile banking application on the front end. The creators and team of the product also mentioned that they constantly monitor and improve their applications.
They use a highly sophisticated risk management strategy that gives consumers a better balance of risk versus reward. The strategy involves analyzing the benefits of liquidity mining and committing to a few.
In layman’s terms, the Yield app does all the heavy lifting behind closed doors. If you have a smartphone or internet access, you can diversify your investment at the click of a button. You can easily sign in, choose an investment plan, and have an automated Defi portfolio that will make you the most profitable.
What role does the YLD token play?
YIELD Ecosystem begins with its own YLD, ERC-20 token. The platform’s utility token, the YLD, plays several roles. Specifically, its owners can participate in YIELD’s Loyalty and Rewards program.
Holding YLD tokens in the application portfolio also allows you to generate 2 to 10% interest on them each year.
When stored on the YIELD App, YLD tokens also allow users to increase their interest rates on other cryptocurrencies from 12% to 20%.
A solid team and several fundraisers
The Yield app was co-founded by Tim Frost and Jan Strandberg, two regulars in the cryptocurrency industry on other high-profile projects Who have already cut their teeth.
Responsible for the growth of YIELD, Jan Strandberg worked for over four years for the peer-to-peer marketplace Paxful as Vice President of Marketing.
Yield CEO Tim Frost has collaborated with a number of projects such as Paxful, Qtum, NEO, and Polymath Network. He also served as Visa Partners Crypto Card Provider and Vice President of Marketing Wirex.
In addition, the startup also raised $ 4.9 million in December 2020 from numerous investors. This funding was obtained from several sources:
- $ 297,000 via the online investment platform BnkToTheFuture;
- Received $3.4 million from AlphabIt Fund, PALCapital, Digital Strategies, Chronos VC, and Yeoman’s Capital,
- $ 1.2 million from October swap.
Today, the Defi is still so complex that the average investor invests some of its liquidity in it. Although this ecosystem is increasingly accessible, there is still a long way to go before it can be widely adopted.
This is why YIELD intends to help investors take advantage of the advantages of Defi while playing the role of intermediary with the protocols. For those interested, the YIELD app will be made public on February 8, 2021.
In the long term, YIELD plans to create a sort of crypto-bank dedicated to decentralized finance. A rather ambitious goal that could be achieved if the team offers more services, such as the launch of a crypto-card in particular, a project already in the works at YIELD.