Product updates

New listing alert: AVAX arrives with up to 5% APY

3 min read

We're thrilled to announce that we're adding Avalanche (AVAX) to our select list of assets. 

With a market cap of around $3.5 billion, AVAX is the 22nd largest cryptocurrency in the digital asset landscape. Modular and customizable, AVAX combines security, scalability, and high-performance in a smart contract platform.

This new addition isn't about adding just another token to our portfolio. It marks another upgrade to our product offering. From today, Wednesday 30 August 2023, you can earn up to 5% p.a. on AVAX with Yield App’s Earn products. And that’s not all - swap up to $10,000 daily between AVAX and any other asset! 

Earn up to 5% on AVAX

Make your crypto assets work harder for you with our new AVAX listing. Simply transfer AVAX to Yield App, select an Earn product and start earning daily passive income! See the table below for a detailed breakdown of the rates available on AVAX.

Grow your wealth with AVAX on Yield App

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Here’s a quick overview of Yield App’s Earn products for AVAX:

* Flexible: Redeem crypto anytime. 

* Earn+: 30-day redemption period for higher rates.

Swap up to $10,000

Want to exchange another asset to AVAX to diversify your portfolio? No problem. Swap up to $10,000 daily between AVAX and any other asset listed on the Yield App platform. 

What is AVAX?

AVAX is the native token of Avalanche, a smart contract platform that can scale infinitely and typically finalizes transactions in less than a second. This makes it ideal for both decentralized financial applications and traditional finance markets. 

Launched on 21 September 2020, Avalanche was established with the aim of becoming "the Internet of Finance." The platform allows individuals or businesses to use the building blocks of the platform to construct a standardized blockchain, which can be either public or private.

AVAX serves the purpose of receiving rewards and covering transaction fees. Overall, a total of 720 million AVAX tokens are planned for issuance. Among these, 360 million tokens were generated during the platform's launch. As outlined in the platform's tokenomics, the remaining 360 million tokens are allocated for staking rewards.

Developers retain full control over the behavior of their smart contracts, and AVAX has been intentionally designed to simplify adherence to regulatory requirements.

AVAX employs a Proof-of-Stake (PoS) consensus mechanism, enabling a multitude of validators to participate in the system's decision-making process. This ensures the network's reliability and resistance against potential attacks.

Supercharge your earnings with AVAX on Yield App today!

DISCLAIMER: The content of this article does not constitute financial advice and is for informational purposes only. The price of digital assets can go down as well as up, and you may lose all of your capital. Investors should consult a professional advisor before making any investment decisions.


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