Recent weeks have seen a spike in volatility across the digital assets marketplace
Yield App employs an agile approach to managing portfolios, adjusting earnings rates up and down in line with market conditions
To reflect the current market backdrop, we are reducing the base rates on all portfolios from 00:00 UTC on Tuesday, 1 March 2022
The YLD Tier Bonus rates and the YLD on YLD rewards will not be affected by this change
As anyone following digital assets closely undoubtedly knows, recent weeks have seen a spike in volatility and downward price pressure across the entire DLT asset class.
At Yield App we have always favored an agile approach to managing our portfolios which sees us adjust the earnings rates we pay on our digital assets, both up and down, to ensure they remain sustainable and competitive with the wider market. This is necessary to ensure that over the long term Yield App navigates market fundamentals in good health and continues to offer the market-leading rates our customers have come to expect of us.
As such, from 00:00 UTC on Tuesday, 1 March 2022, we will be reducing the base rates on our BTC, ETH and stablecoin portfolios. The table below outlines the interest rates that will be available across Yield App’s portfolios following this adjustment.
The adjusted maximum annual interest available on stablecoin portfolios will be 14% p.a., available to our Diamond Tier members. These customers (who have 20,000 YLD or more staked or locked on our platform) will also continue to have access to the highest available rates on our BTC and ETH portfolios, which will be 8%.
YLD rewards
The YLD Tier Bonus rates and the YLD on YLD rewards will not be affected by this change. Customers with more than 999 YLD (Silver Tier and above) staked or locked on Yield App will continue to earn a YLD Tier Bonus on base assets of between 1% and 3%.
They will also enjoy up to 6% p.a. on staked YLD and 12% p.a. on YLD locked for 12 months after 1 March 2022. In addition, our limited-time-only promotion allows Silver Tier customers and above to lock their YLD for one year before 1 March 2022 and earn 20% p.a.!
READ: How to earn inflation-beating interest in a bear market
As dedicated readers of our communications and loyal listeners of our AMAs will know, last week (Thursday, 17 February 2022) we also announced the conclusion of our “Earn all in YLD” program as well as the extension of our total YLD Tier Bonus rewards pool by 30 million YLD. The total amount of YLD that will be paid out in Tier Bonus rewards has now been increased to 75 million YLD.
This ensures that our YLD Tier Bonus rewards payments remain sustainable and last longer than originally planned so we can continue rewarding our most loyal customers for longer. To find out more, read our detailed blog announcement, linked below.
READ: YLD, Tier Bonus and Tokenomics update
The sustainability of the Yield App ecosystem is our utmost priority and at the heart of everything we do. We firmly believe that by remaining agile and adjusting our offering in line with prevailing market conditions we can continue providing the highest standard of service over the long term.
Do you want to earn the market’s leading rates on your digital assets? Sign up for a Yield App account 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.
