Our aim is to provide users with the best experience possible and future-proof the Yield App platform. As part of our commitment to offering more innovative services, Yield App announced this week that we have expanded our digital asset operations by integrating Fireblocks: a leading digital asset and crypto service provider.
The transition to Fireblocks grants our users access to individually-segregated wallets, enhanced with multi-user approvals, offering a seamless blend of security and user autonomy. If you haven’t already manually changed your deposit addresses for BTC, DAI, ETH, TUSD, USDC, USDT and YLD since the migration on 2 October 2023, please read these FAQs to learn how.
❤️🔥 But first, what is Fireblocks?
Fireblocks offers a robust and secure infrastructure for the movement, storage, and issuance of digital assets. The platform is part of a broader movement toward secure and institutional-grade infrastructure in the digital asset space. Fireblocks aims to bridge the traditional financial world with the emerging digital asset ecosystem, and already serves a diverse community of over 1,800 financial institutions. Impressively, it has facilitated the secure transfer of more than $4 trillion worth of digital assets.
🔐 Enhanced cryptographic security
One of the key benefits of the Yield App and Fireblocks partnership is increased cryptographic security. Our platform has already implemented smart contract technology and multi-factor authentication to ensure that user assets are protected. Now, Fireblocks' secure digital custody solutions create an unmatched level of security for users.
This is achieved through a combination of secure hardware, advanced encryption and multi-party computation (MPC) to safeguard against a wide range of threats. MPC ensures that transactions are authorized by multiple, predefined entities, further fortifying Yield App’s defenses against potential breaches.
By securing the entire lifecycle of digital assets, from storage to transfer, Fireblocks eliminates vulnerabilities that can be exploited by malicious actors. Secure hardware is used to store private keys, making them virtually impossible to compromise, giving Yield App users further peace of mind.
⏩ Faster transaction speeds
Fireblocks' technology integration optimizes Yield App's trading infrastructure and streamlines the management of multiple wallets. This significantly improves transaction processing speed and efficiency, with settlements being almost immediate. As a result, users can enjoy an elevated and more seamless experience.
🤑 More digital assets, more ways to earn
The integration of Fireblocks has already allowed Yield App to bring on Binance Coin (BNB) and Avalanche (AVAX). Their market-leading ecosystem provides seamless support for over 320 coins, tokens, and protocols. With a diverse range of assets, Yield App users can look forward to enjoying a broader range of investment choices and investment return options.
📈 Continuous improvement
Our transition to Fireblocks epitomizes our unwavering commitment to elevating the security, speed, and accessibility of earning opportunities for our users. Together with Fireblocks, Yield App is poised to collaboratively enhance our strengths, paving the way for superior asset management and investment solutions.
🔮 One foot in the future
As the digital landscape continues to evolve, so too will the need for robust security solutions. By providing access to advanced security measures, improved transaction speeds, and diversified investment options, we’re reinforcing our commitment to giving customers the best possible experience. After all, the future of finance is digital, and Yield App is committed to keeping pace with this ongoing transformation.
Should you need assistance or have any further inquiries about generating new wallet addresses, please contact our support team at [email protected].