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Ethereum Yield can be traded using Coinbase Wallet, your key to the world of crypto.

About Ethereum Yield

Ethereum Yield (ETHY) is a protocol exclusively created on the Ethereum blockchain. The protocol intends to support the yield farming of cryptocurrency for higher gains. Ethereum Yield employs ETHY as the project's primary token. The crypto-token utilizes smart contracts and strategies to reward users with increased APY or annual percentage yield. APY refers to a yearly rate of return with interest accruing on the growing balance. Ethereum Yield encourages users to hold and store ETHY tokens while earning additional interest on the pooled funds. 

According to the document, ETHY is a deflationary cryptocurrency. Excessive minting of crypto coins can cause a drop in the value of ETHY. Deflationary implies a cut-back in the supply of ETHY coins over time. The protocol enables users to continue staking and farming ETHY tokens for better earnings. Users can put their tokens in various liquidity pools to win more returns. Ethereum Yield features EVaults that mainly function as staking and farming pools. The EVault is specifically designed to execute strategies for maximizing revenues on the deposited liquidity providing tokens or ETHY. The vault runs price protection strategies ensuring the optimum value of the crypto asset. 

ETHY is a community-driven cryptocurrency, also playing the role of a governance token. All holders and users staking ETHY in liquidity pools can vote and decide on matters like developer charges, website design, farming options, and more. The protocol introduces an additional transaction fee when trading ETHY tokens. These charges are used to keep the bots and whales at bay, which might affect the asset's price. Whales refer to users or entities holding large counts of ETHY. By controlling the majority of funds, whales can potentially create a negative impact in a decentralized finance (DeFi) space. A portion of the charges are distributed as rewards among farmers holding the tokens. 

Ethereum Yield features a Binance Smart Chain (BSC) bridge with a vision to support the seamless transfer of ETHY across blockchains. 

The total supply of Ethereum Yield tokens is five hundred thousand ETHY.

Market

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Singapore News about Ethereum Yield

BeInCrypto • May 15, 24

State of Wisconsin Buys Bitcoin ETF Following Financial Giants

The State of Wisconsin Investment Board has strategically invested $99 million in BlackRock's iShares Bitcoin Trust, highlighting the growing institutional interest in cryptocurrency ETFs.The post State of Wisconsin Buys Bitcoin ETF Following Financial Giants appeared first on BeInCrypto.

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The Block • May 15, 24

Crypto game ‘Guild of Guardians’ launching on Apple and Android devices with $1 million in prizes

"Guild of Guardians" has over 1 million pre-registered players and will be available around the world on mobile devices.

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BeInCrypto • May 15, 24

Vitalik Buterin, Peter Thiel Invest $70 Million in Predictions Market Platform

Vitalik Buterin and Peter Thiel's $70 million investment in Polymarket highlights its growing influence in predictive markets on cultural and political events.The post Vitalik Buterin, Peter Thiel Invest $70 Million in Predictions Market Platform appeared first on BeInCrypto.

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BeInCrypto • May 15, 24

Floki Inu (FLOKI) Plans to Burn 15.2 Billion Tokens

Floki Inu's decision to burn 15.2 billion tokens aims to boost project management and increase market value, propelling an 11% price surge.The post Floki Inu (FLOKI) Plans to Burn 15.2 Billion Tokens appeared first on BeInCrypto.

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BeInCrypto • May 15, 24

Investors Buy 70,000 Bitcoin (BTC) Ahead of US Inflation Report

Following a massive sell-off, long-term Bitcoin holders are now buying 70,000 BTC, viewing it as a reliable reserve amidst US economic uncertainties.The post Investors Buy 70,000 Bitcoin (BTC) Ahead of US Inflation Report appeared first on BeInCrypto.

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CoinDesk • May 14, 24

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

The popularity of new blockchain “restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.

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Ethereum Yield is on the rise this week.

The price of Ethereum Yield has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Ethereum Yield’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of Ethereum Yield?

We update our Ethereum Yield to SGD currency in real-time. Get the live price of Ethereum Yield on Coinbase.

What other assets are similar to Ethereum Yield?

Assets that have a similar market cap to Ethereum Yield include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy Ethereum Yield on Coinbase?

Yes, Ethereum Yield is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Ethereum Yield guide.