Yieldy is the first defi project on Algorand. Yieldly’s smart contracts have undergone rigorous auditing by the award-winning cybersecurity firm Halborn, who have audited Coinbase, SushiSwap, Polygon and other top projects. The new defi platform currently providing the following three products:
- Bridges – Yieldly Bridges connects the Algorand ecosystem with other major blockchains, currently only to Ethereun, and will be expanded to Binance Smart Chain, and Polkadot. TYieldly offers an ERC20 bridge that connects Algorand Standard Assets (ASAs) with the ERC-20 ecosystem.
- No-loss lotteries – Users can put their ALGO tokens to work by depositing them into the no-loss lotteries smart contracts and receiving tickets in exchange for a chance to win prize drawn weekly. Currently, there are 38M Ago deposited in the No-loss lottery game, and the prize is about 32K Algo. If you don't win you will get the project native token YLDY with an equivalent APR of 22.5% APR at the time of writing
- Staking – Yieldly Staking is the main product enabling users to earn passive income. At the moment, users can stake YLDY – an Algorand-based token – and earn rewards in the form of YLDY and ALGO tokens with equivalent APR of 35% at the time of writing
The available supply of YLDY token is 2,172,352,950 at the time of writing, and max supply YLDY token is 10,000,000,000 YLDY. The current price is $0.025. The Price is rising steady in since its launch.
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