In true SWAPTOBER spirit, Yield App is thrilled to announce the addition of half-a-dozen new cryptocurrencies! Our growing selection now includes Polygon Network (MATIC), Solana (SOL), Polkadot (DOT), Atom (ATOM), Ripple (XRP) and Link (LINK). From today, 23 October 2023, earn up to 5% with Yield App’s Earn products and swap up to $10,000 between any other asset!
Yield App is committed to providing its users with the best possible experience when it comes to earning interest on their digital assets. With the addition of these six new cryptocurrencies, users now have even more ways to earn. Please note that both ATOM and XRP require a “destination tag” when making deposits and withdrawals. A destination tag is needed to ensure the deposit is matched to your account.
So, without further ado, let’s take a closer look at our new arrivals.
Polygon Network (MATIC)
MATIC is the native digital currency of the Polygon Network, also known as Matic Network. The Polygon Network is a layer 2 scaling solution for Ethereum that has grown in popularity in recent years. The network offers a fast and low-cost transaction solution, and this has led to an increase in the number of users and dApps building on Polygon. Yield App users can buy, sell and hold MATIC on the platform. They can earn up to 3% p.a. on their holdings, depending on the duration of their deposit.
SOL is the native digital currency of the Solana blockchain, a network designed to accommodate high transaction volumes and lower transaction costs. Solana is amongst the fastest-growing blockchains globally, and is attracting developers and investors alike. Yield App users can invest in SOL and earn up to 4% p.a. on their deposit.
DOT is the digital currency of the Polkadot network, a blockchain network that allows the interoperability of multiple blockchains. The network is designed to allow different networks, with varying use cases, to communicate with each other in a seamless manner. Yield App users can invest in DOT and earn up to 5% p.a.
LINK is the digital currency of the ChainLink network, a decentralized oracle solution that helps smart contracts interact with external data sources. The network offers more flexibility, accuracy and transparency in data sourcing. Yield App users can invest in LINK and earn up to 2% p.a. on their deposits.
ATOM is the native digital currency of the Cosmos network, which provides interoperability among different blockchains within its ecosystem. Yield App users can buy, sell and hold ATOM and earn up to 3% p.a. Remember to use a destination tag when sending your tokens.
XRP is the native digital currency of the Ripple network, a blockchain platform designed to facilitate cross-border payments. It has grown in popularity amongst financial institutions as it offers faster and cheaper transactions globally. Yield App users can invest in XRP and earn up to 3% p.a. on their holdings.
The addition of these six digital currencies to the Yield App platform offers users more options and opportunities to earn higher yields.
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.