What Is Yield App (YLD)?

Yield App (YLD) is a platform that provides users with an intuitive high return on digital asset wealth and focuses on safe custody of them. According to its website, the platform aims to unlock the full capability of digital assets, combining them with the rewarding opportunities available across every financial market and making them available globally. However, the platform bridges the gap between traditional and decentralized finance (DeFi).

As cited on its whitepaper, Yield App encourages everyone from crypto literates to market enthusiasts to access DeFi without any hindrance. Moreover, through aggregation, automation, and institutional management, the platform aim at presenting an economies-of-scale approach, similar to the high-level algo-trading methodologies.

Furthermore, the platform services are available on the web and mobile applications. Yield App encapsulates the future of personal finance by working under security, banking, and fund management licenses. The platform brings a secure and familiar banking environment while embracing the financial possibilities of cryptocurrencies and DeFi. Also, the platform provides an easy way to swap traditional currency to crypto and vice-versa within the app. Swapping permits users to exchange one cryptocurrency with another without affecting the user's blockchain wallet. 

Yield App gives transparent, simple, and convenient access to high-return savings accounts, Cryptocurrency vaults, and Debit card services. The platform comprises several technical intensive components centered on the Portfolio Management Engine as a unique aspect of the project. Also, the platform's development strategies depend on the principle of security, flexibility, and agility.

Additionally, the platform token YLD is a utility token that powers the Yield App ecosystem. Users can stake and lock their YLD tokens, allowing users to boost rewards on their digital assets and support the Yield App ecosystem. YLD tokens permit users to register an account on Yield App to participate in a reward and loyalty program. By holding tokens on the open market or within the application, the users receive additional tokens depending on the number of existing tokens held in their Yield App wallet.

History of Yield App (YLD)

Tim Frost is the CEO and funder of Yield App. Also, Justin Wright is the CFO and COO of the platform. The whitepaper version 1.0 was launched in November 2020. The maximum supply of the token is three million YLD.