Yield is a fixed-rate decentralized finance (DeFi) lending app. Borrowing and lending on this platform are individualized, meaning earnings are never diluted, and deposits aren't pooled. Using personalized loans, the network enables lenders to earn fixed interest rates and borrowers to earn reward tokens for every loan they repay.

As per other lending protocol that uses pools, a depositor's APY (annual percentage yield) figures are set by the ratio of value which causes fluctuations in the rate of return. To solve this issue, Yield offers its users an opportunity to lend and borrow on an individual basis. The network provides each person their own contract to repay with a specific amount and end date. The asset allows borrowers to pay less while lenders earn more with YLD reward system.

YLD is the native token of the Yield platform that is based on the ERC-20 token standard. After the repayment, the borrower can earn up to 4 percent yield in the form of YLD tokens. YLD is not a liquidity mining token and has real utility within the Yield dApp. Borrowers and lenders who stake a specific amount of YLD coins are also entitled to a discount on the Yield fee and get lower loan liquidation ratios. All the charges on the platform are used to purchase back YLD coins from the open market and burn it. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.

Yield is a community pseudo-fork of a 2017's project that never got released. The platform is driven by a community of some of the earliest Elix backers and others who joined along the way. YLD token has a dynamic supply token with no cap.