Exchange Yieldly (YLDY)

Yieldly is a global interoperable DeFi platform designed and developed on the Algorand blockchain. It is sometimes referred to as the first full-scale decentralized platform. It is created to allow users to exchange digital value without friction, gas inefficiency, or security risk. It is backed by the top Venture Capitals, including Borderless Capital, Long Hash Ventures, and CMS holdings, and audited by the award-winning cybersecurity firm, Holborn. The ambitious goal of the project is to create global trust through decentralization. 

Yieldly was launched in June 2021. The vision of the project is in the swift, simple and safe exchange of value and its exchange ways. So Yieldly aims to set industry standards for people to interact with the blockchain. 

Yieldly offers numerous bridge solutions to provide interoperability so that the ASA tokens can be flawlessly transferred across multiple major networks, including Algorand, Ethereum. More bridges are also being developed to achieve the goal of the project. 

It also has purpose-built smart contracts that allow developers of ASA tokens to easily create staking and rewards systems on top of Algorand. So the developers on Algorand the access to numerous use-cases that are currently booming in the crypto space, including yield farming, NFT distribution, and social rewards system. 

Additionally, Yieldly has built a no-loss lottery designed to harness Algorand’s respective ecosystems, create rewards and distribute them to the users. 

With the help of Yieldly developers can build high-performance and cost-effective blockchain infrastructure. On Yieldly innovative ASA-based projects can access liquidity, expedite development, bootstrap adoption, and also users. 

The project announced the launch of yAMM — Yieldly’s automated market maker aimed at unlocking access to billions of dollars of TLV that are now residing on more expensive and less scalable blockchains. With yAMM the Algo traders will be able to interact with external tokens and at the same time provide liquidity on Algorand. 

Another product Yieldly works on is yNFT — a one-stop marketplace for Algorand NFTs with a focus on GameFi. The users will be able to mint their NFTs on the platform, list them, and trade across the whole ecosystem. 

And the last plan so far is the creation of Yieldly Metaverse that will be intertwined with yNFT acting as the central platform for the GameFi projects letting them host a wide range of virtual events including AMAs and live streaming. Later on, the utility is to be extended to hosting NFT auctions and sending customizable land parcels to their projects. 

Before that, the project has collaborated with many companies and project teams in crypto space to offer new projects, including staking pools, new staking options, and products. Just recently the Yieldly moved to its mainnet.

YLDY is the native asset of the project that can be acquired as ERC-20 or ASA token. By the market cap the token is in the top 1000 assets in the world. It can be staked for the rewards in YLDY.

YLDY is available to swap on decentralized exchanges, for example, Coinbase wallet, MEXC Global, Tinyman, etc.