PRESS RELEASE. Estonia – March 8, 2021 – – Yield app, the DeFi wealth management platform that connects traditional and digital finance, is pleased to announce the launch of its Ethereum fund, which will enable users to generate high yielding returns on their Ether (ETH). After a successful public launch and a token listing (YLD), the YIELD app can now offer its users up to 20% APY on theirs ETH and stable coins. Ethereum deposits will gradually be open to YIELD app users over the next few days. The platform now accepts deposits from USDC, USDT, ETHand YLD.
Yield app has made remarkable progress since the public launch of its web application on February 12, 2021. Over 10,000 users have already registered, bringing the platform to an AUM of more than USD 5 million. There are currently over 33 million YLD tokens in YIELD app wallets – that makes up over 30% of the current offering – and more than 500 users have “Tier 5” accounts (over 20,000 YLD), which gives them an APY boost of 10% is granted.
The YIELD app was developed for both the retail and institutional markets and meets the needs of investors interested in digital asset classes. At the same time, crypto veterans can take advantage of the incredible capabilities of DeFi without having to navigate a sea of complex protocols. DeFi is powerful and the YIELD app acts as a gateway for users to take advantage of DeFi’s high yield returns while keeping their funds safe and secure. With the new Ether Fund, users can now get the same high-yielding returns of the DeFi Alpha Fund I without selling the world’s second largest cryptocurrency by market capitalization.
“Ether is the backbone of decentralized funding, and many consider it the most important cryptocurrency in the world,” said Tim Frost, CEO of YIELD App. “We want to give people the opportunity to earn a high interest in their airwaves without selling the asset that made DeFi possible and that could be the home of the future of global finance. This is a major milestone on our roadmap and a great development for our customer base looking for more ways to passively earn on crypto assets that they want to hold for the long term. “
Decentralized Finance (DeFi) refers to a variety of financial instruments and instruments built on top of blockchains like Ethereum. DeFi removes the middleman from the equation and offers equal access and opportunities to all by employing open, transparent and immutable technologies. Many of DeFi’s most popular protocols have taken familiar aspects of conventional finance (such as borrowing, lending, and insurance) and built them from scratch, all powered and made possible through blockchain.
DeFi has continued to set new records this year. As of January 1, 2021, the total value of DeFi has been blocked (TVL). rose from $ 15 billion to $ 35 billionan increase of 233%. DeFi’s growth has been spectacular, but its accessibility has hampered mainstream adoption. The YIELD app bridges the gap by creating a DeFi-based service that is intuitive, secure and supported by DeFi’s most innovative protocols. In the near future, the YIELD app will launch additional funds, fiat ramps, in-app token swaps for each token pair, and card services.
Via the YIELD app
The YIELD app believes that everyone should have access to the best investment opportunities. The mission of YIELD App is to unlock the full potential of DeFi and make it available to the world. To achieve this, the company offers an innovative platform that combines traditional and decentralized financing in the simplest possible way. For more information visit Yield.app.
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