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YIELD App announces full public launch
After months of hard work, we are thrilled to announce YIELD App’s public launch today, Friday 12 February 2021. It’s a joy to share this milestone with you, and we would like to thank our community for its incredible support during our building stages. Although this is a big moment for YIELD App, we understand that the real work is just beginning, and we will continue to keep our noses to the grindstone to achieve the many other great things we have planned.
We are particularly grateful for the patience of our users over the past few months as we have been building out our portal: we are pleased to say that registrations and sign-ups are now activated for all users. If you have not been whitelisted yet, you can now register an account through our app’s webpage. Early Access users, who have supported us with help and feedback to improve our platform’s user experience, can continue to use their same accounts.
YIELD App currently supports the deposit and investing of USDT, USDC and YLD tokens, with users earning between 12% and 20% APY. All stablecoins generate 10% APY, earned in USDT/USDC. YLD holders receive up to a 10% APY boost, earned in YLD. Non-YLD holders still receive a 2% APY boost, also earned in YLD. Lastly, YLD tokens generate a 10% holding reward when kept in the app. You can calculate your expected rewards at the bottom of our token page. We are also excited to announce that Ether and Bitcoin deposits and funds will be launching soon!
Please note that funds (including YLD) cannot be deposited to your YIELD App wallet without completing KYC1. Our innovative “liveliness test” lets users quickly and easily verify their identity.. As a FinTech company that follows international best-practice standards, YIELD App is required to verify certain information about our users. Prohibited nationalities include Botswana, Cambodia, Comoros, Democratic People's Republic of Korea, Ethiopia, Ghana, Iran, Pakistan, Panama, Seychelles, Sri Lanka, Syria, Thailand, Trinidad and Tobago, Tunisia, United States and Yemen. Users must also be 18 years of age to sign-up. For any questions regarding KYC, please see our help center.
As announced in a previous update, YIELD App must implement temporary measures to manage the current volatility and congestion on the Ethereum network:
- The minimum deposit is $100 USDC/USDT
- Any deposits under $100 will not be reflected in the user’s account
- Withdrawal fees will be increased to $20
We will continue to monitor the performance of the Ethereum network and are actively looking for solutions alongside expanding our partnerships with other protocols and layer-2 solution providers. There may also be times that, due to Ethereum network congestion, we will choose to temporarily close registrations to ensure we can continue to deliver premium customer support to everyone. Currently we have no plan or intention to do this, but we would like our users to be aware of the possibility.
Once again, the entire YIELD App would like to thank our users and wider community for their incredible support. We’re excited to bring YIELD App to the public, and even more thrilled about what’s to come.