Yield App – the official digital asset wealth management partner of premier league football club West Ham United – has unveiled the hotly anticipated Model 2 (V2) of its platform, simply 11 months because it launched in February 2021.
On this quick time, Yield App has garnered greater than 70,000 customers and greater than $420 million in managed belongings. The platform at the moment gives market-leading charges on USDT, USDC, BTC and ETH, in addition to engaging rewards for holders of its native token, YLD. This new, second model of the platform brings with it a a lot sleeker consumer expertise together with a raft of thrilling new options, a few of that are listed beneath.
Management over compounding and incomes
V2 brings better comfort and management, permitting you to view the worth of your digital belongings within the forex of your alternative – USD, EUR or GBP, for instance. You may also now select to have your earnings put routinely again into your portfolio utilizing the “auto-compound” choice, resulting in increased long-term earnings, and select to ship new pockets deposits straight to your chosen portfolios with “auto-deploy”.
Select to earn rewards in base asset or $YLD
The V2 product replace allows customers to earn all their rewards in Yield App’s native token, YLD, to spice up their base returns by an extra 2% per yr.
Full cycle swaps
In V2 of Yield App, customers will have the ability to swap any of their belongings to a different asset listed on the platform. The belongings at the moment supported are stablecoins USDT, USDC and newly added DAI, in addition to Ether (ETH) and Bitcoin (BTC).
With this replace, Yield App has launched a brand new Tier rewards system consisting of 4 tiers: Bronze, Silver, Gold and Diamond. The construction pays variable returns relying on a consumer’s Tier stage, rewarding all customers with market-leading APYs.
Locking YLD tokens to spice up rewards
In contrast to Model 1 of Yield App, the place YLD might solely be held within the pockets to spice up earnings, Model 2 brings two choices: stake or lock your YLD, out there to Silver Tier and above. Staking YLD earns annual curiosity of 4% to six% APY, whereas locking YLD for a yr earns a flat price of 12%.
Safety enhancements, higher reporting and plenty extra
Together with these main upgrades, Yield App V2 brings enhanced safety features, together with an computerized logout function, extra strong two-factor authentication and the power to whitelist trusted addresses to reduce the chance of errors.
Monitoring and reporting of digital asset actions can be a lot less complicated in Model 2. From February 2022, customers can obtain a report of all their transactions with one click on that features the time, ip addresses and site of transactions.
The announcement has confirmed an enormous hit with Yield App’s neighborhood, with YLD having fun with important upward momentum because of this. V2 and the huge enhancements it brings with it are a transparent assertion of Yield App’s intention to turn out to be a long-term chief on the earth of digital wealth, making this platform one to observe.
Right here’s an in depth overview of all the brand new and thrilling options of Yield App V2:
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