YIELD APP unveils its platform, provides easy access to DeFi
By Pavithra R
YIELD App, bridging traditional finance and DeFi via an app, has announced the public launch of its web platform. With the launch, users can now deposit and withdraw USDT, USDC and YLD tokens to invest in YIELD App’s DeFi Alpha Fund I to earn 12% to 20% APY through interest on stablecoins and token holding rewards.
YIELD App is designed for both the retail and institutional market and accommodates the needs of investors interested in digital asset classes while also allowing crypto veterans to capitalize on DeFi’s incredible opportunities without having to navigate through complex protocols. YIELD App serves as a gateway for users to benefit from DeFi’s high-interest yields while keeping their funds secure and protected. Prior to its public launch, the firm hosted 2000 early users and collected $3 mn for its closed beta fund.
“Central bank policy since 2008 has created negative interest rates in Europe that have left cash-savers making negative real returns. Decentralized finance typically provides higher returns than traditional financial investments, but the inherent risk and complexity of the ecosystem has prevented even the savviest users from participating. YIELD App is tackling this problem head-on by offering users a simplified experience that allows anyone to safely invest in DeFi. Now that our platform is live for the public, we encourage everyone to try it and begin earning high-interest returns on their stablecoins,” said Tim Frost, CEO and co-founder of YIELD App.
The DeFi market has grown exponentially over the past year. Since March 2020, the total value locked (TVL) in DeFi protocols has grown from around $600 mn to its current high of $28 bn. YIELD App bridges the divide by building a DeFi-powered service that is intuitive, secure, and backed by DeFi’s most groundbreaking protocols.
The company is planning to roll out its full range of banking and wealth management services for crypto and mainstream users. Its plans include new portfolio funds (including BTC and ETH), fiat ramps, and card services.
IBSi Prime News
December 08, 2021
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