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To celebrate our partnership with SushiSwap, we are giving away 2,000 YLD each to 10 lucky users that stake their Sushi LPs in our exclusive Sushi Onsen YLD-ETH pool.

It is often assumed that cryptocurrency is only for the young and reckless. There is, however, a whole new area of cryptocurrency now flourishing that is attractive for even the most sensible saver: decentralized finance (DeFi).

Since YIELD App launched its beta application in December 2020, close to 26,000 users have joined us to earn up to 20% APY on their digital assets, pledging nearly $46 million of assets under management on our platform.

While cryptocurrency adoption is becoming ever more mainstream, knowing how and where to buy your first cryptocurrency is not always clear. In this post, we show you how in a few easy steps.

Since the debut of the world’s first cryptocurrency, Bitcoin, on January 3, 2009, the value of the entire crypto market has risen to $1.7 trillion as the world’s biggest companies and asset managers are now buying, selling and trading cryptocurrencies. But what exactly is a cryptocurrency, and how much risk comes with using one?

We're giving away 50,000 YLD and exclusive YIELD App merchandise to users that deposit at least 0.2 ETH by 2 April with winners to be announced in May. The top five users with the highest amount of invested ETH will be the first to receive new and exclusive YIELD App merchandise.

Since our beta launch in December and our public launch last month, YIELD App has – we are pleased to report – gone from strength to strength. Growth in both our AUM and user numbers have met if not exceeded our expectations (although perhaps quietly confirming our suspicions) as the demand for up to 20% APY on digital assets has increased unabated.

Those familiar with the cryptosphere will be well aware of the frequent conversations, if not raging debates, that happen concerning inflation, cash and cryptocurrency. Typically, these are in support of Bitcoin, with many arguing that - as a store of value - the flagship cryptocurrency is a strong hedge against a US dollar decreasing in value due to rampant and increasing money printing at the US Federal Reserve.

We are excited to announce the launch of our Ethereum fund, which will allow our users to earn up to 20% APY on cryptocurrency’s second-biggest asset, Ether (ETH). This adds to our current stable of equally high-interest opportunities on USDT/USDC and gives ETH holders a chance to earn a market-beating rate of interest on their asset.

Safety, as we all know, comes first and nowhere is this truer than in the realm of cryptocurrency. This fast-evolving digital economy is ripe for the picking when it comes to hackers and so keeping your digital assets safe should be at the forefront of all users’ minds. Securing your wallet, where you store your cryptocurrency, is the most important step on this journey and the first to take.

We are thrilled to announce YIELD App’s public launch today, Friday 12 February 2021. It’s a joy to share this milestone with you, and we would like to thank our community for its incredible support during our building stages. Although this is a big moment for YIELD App, we understand that the real work is just beginning, and we will continue to keep our noses to the grindstone to achieve the many other great things we have planned.

It’s been an incredible past few weeks in the cryptocurrency space as we’ve watched the market reach new heights. As many in the YIELD App community will have likely noticed, activity on the Ethereum blockchain has surged to all-time highs, unfortunately causing the network to experience its worst-ever period of congestion. As a result, transaction, ala “gas” fees have soared, causing major issues for every network participant.

As seasoned users will know, the vast majority of the decentralized finance (DeFi) ecosystem is built on Ethereum, a blockchain also known as “the world’s computer.” Unlike its progenitor Bitcoin, the beauty of Ethereum is that it is fully programmable, allowing developers to design and build programs and protocols of all shapes and sizes onto it. 

DeFi users participate in one of the most exciting but untested areas of cryptocurrency. The nature of smart contracts and decentralized protocols makes them subject to exploits and hacks, occasionally leading to significant losses for affected users. As we have covered in a previous blog, these include flash loan hacks that exploit weaknesses or ‘loopholes’ in the smart contracts that govern protocols, allowing canny actors to drain millions of dollars from their liquidity pools. 

New YIELDers are joining our platform every day to earn up to 20% APY on their investments. If you’re interested but aren’t sure how it works, here’s a quick guide to get you started.

As we begin 2021, the YIELD App team wants to provide our community with a brief update on milestones reached, what we’re working on now, and where we’re heading. The last few months have seen tremendous developments at YIELD App, but we’re just getting started. We’re currently gearing up for huge months ahead, and believe our community will share our excitement about what’s coming down the pike.

The price of doing business in DeFi, gas fees are the charges levied by developers to process transactions on the Ethereum blockchain - where the vast majority of DeFi transactions happen.

While the world faced unprecedented global challenges, the crypto space turned bullish again as developments in decentralized finance (DeFi) spurred incredible wealth generation for many. By most measures, DeFi exceeded expectations as the total value locked (TVL) grew from $700 million to $15 billion, a remarkable 2,100% increase. DeFi saw a huge expansion in critical infrastructure, including borrowing and lending, decentralized exchanges, yield farming, and insurance.

The potential to earn passive income from DeFi is vast, and opportunities abound in this exciting space of ever-evolving platforms, protocols and exchanges. However, this new testing ground is not without its pitfalls and requires a steady hand to navigate. To help you find your way, we have broken the process down to its core elements.

On December 14, 2020, our YLD token began trading on two exchanges: Uniswap and BitMax. The result of months of preparation by the YIELD App team, the token generation event was an important step for us, but it was only the beginning - it’s now time to launch the platform.

You can currently buy and trade YLD on Uniswap, BitMax, and Bithumb Global.For price and volume information, please check CoinGecko.

A governance token gives holders voting rights over proposed revisions to smart contracts at issuing protocols, allowing them to have their voices heard when it comes to making changes to how that protocol operates. Some governance token holders also benefit from a share of protocol fees, trading fees and other rewards, particularly those issued by DEXs like Uniswap for depositing into its liquidity pools.

The last phase of our presale will take place on December 7 in partnership with TrustSwap, a week before our Token Generation Event. We’ve received many questions about YLD and how to participate in our token offering, so we’ll try to answer all of them in this article.

Yield farming, or liquidity mining, is the concept of using DeFi platforms to generate interest and rewards. It often involves using the Ethereum blockchain to make money on trading fees, token generation, and interest. Just like Bitcoin miners, liquidity miners are rewarded for their involvement and perpetuation of the ecosystem. In this case, miners aren’t providing computer power, but capital.

In the past year, DeFi has found creative ways to allow users to borrow and lend crypto assets, successfully creating shared, public, and decentralized lending platforms for the blockchain space.

In the past year, decentralized exchanges (DEXs) have actualized their potential, and the crypto space has taken note. Most DEXs have low trade volume when pitted against their biggest centralized competitors, but their emergence marks a critical step in the creation of a sustainable decentralized finance (DeFi) ecosystem.

Decentralized finance (DeFi) is changing the way we think about banking. One of its most impressive traits, however, is actually its ability to mimic traditional finance. We’ve become accustomed to a certain relationship with banks, with customers borrowing and banks lending. DeFi flips finance on its head by allowing users to be borrowers and lenders, effectively taking out the middleman.

DeFi, or decentralized finance, is just about the most exciting thing to happen to money for centuries. Rather than having to hand over their cash to greedy bankers and investment managers, people can now use DeFi to save, invest, borrow and lend between themselves using cryptocurrencies through fully automated, digital “smart contracts.”

A DAO is a type of organization controlled by its users and not a central authority. This enables it to serve every customer without external interference. Rules are encoded in computer softwares and enforced when certain conditions are met.

Exchanges in general serve a key function in the crypto space, and decentralizing them has been on the to-do-list of the Ethereum community since its very beginning. With first attempts dating back to 2016, the protocols governing DEX projects have been improving radically ever since, which allowed for the DeFi space to take off as phenomenally as it did. Learn more about what DEXs are and why we need them.

You've probably heard about DeFi, lending pools, liquidity mining, decentralized exchanges, staking, governance tokens and what not. If you want to know what that's all about, where the impressive returns actually come from, and how YIELD App can help you to simplify all of it and reduce risks - click here and find out.

In these times of unprecedented economic turmoil, YIELD App intends to establish a safe haven for investors and savers, built on the exciting new tools offered by DeFi. Learn how we plan to make DeFi as accessible as traditional saving and investment products - if not more so.