What is the YIELD App? YIELD App is Blockchain project that aims to bridge the gap between traditional finance and decentralized finance (DeFi). In this article, as Kriptokoin.com, we answered questions such as what is YIELD App, what it offers, what is YLD coin, how to get it. Let’s examine the project together.
What is the YIELD App?
YIELD App tries to bridge the gap between traditional and decentralized finance (DeFi). They aim to provide high return on investment through an app without the influence of unstable national currencies. The application and website were created to appeal to the ordinary investor. The founders want to allow their users to push themselves towards financial freedom. For this, they created a DeFi-based application with high inclusiveness and sustainability.
What does the YIELD App offer?
So YIELD App and web platform are extremely easy to use. Built on Ethereum, Polygon and xDai networks, the project provides users with various DeFi services. Accordingly, you can use the YIELD App as a crypto wallet. You can also deposit and buy assets on the platform with various traditional and new methods such as debit cards, credit cards and crypto wallets. These assets can be cash or crypto.
The application provides an extremely simple user experience. Accordingly, even a person with little knowledge of the DeFi field can use the YIELD App mobile application. However, you need to acquire YLD to access the high-yielding features offered by the YIELD App. At this point, it is possible to convert the assets you have deposited on the platform into YLD coin. Now let’s take a look at YLD and what you can do with it.
What is YLD coin? What does it do?
YLD coin is the native cryptocurrency of the Blockchain and DeFi application named YIELD App. This crypto basically originated on Ethereum with the ERC-20 smart contract. However, over time, the project also released the token on the Polygon and xDAI networks. In addition, it was listed by the KuCoin exchange in December 2021, increasing its adoption. This token is a key that gives you access to the high-yielding features of the YIELD App.
Accordingly, when you deposit assets on the platform and buy YLD, you can stake these YLD coins. Staking basically means you lock an asset onto the platform. By doing this, you provide liquidity and security to the platform. In return, you earn additional rewards after the maturity you have locked. The YIELD App currently allows YLD coin holders to earn up to 17% APY. However, token holders also have the opportunity to receive rewards of up to 1,000 YLD by inviting their friends.
What is the YIELD App? How to get YLD coin?
If you are interested in the YIELD App project, there are some places where you can buy YLD. The first of these is YIELD App’s own application. However, there are various cryptocurrency exchanges where you can buy the token. These include KuCoin, Gate.io, ZT.com, AscendEX and BitGlobal. If you want to buy YLD, you can become a member of one of these exchanges. After you do this, you need to deposit an asset in your wallet that is compatible with the crypto currency pairs. In this way, it is possible to place a buy order for YLD coin.
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