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YIELD App APY, Tier Rewards and YLD Update
As our valued users know, YIELD App regularly reviews the annual percentage yields (APYs) we pay on the digital assets we manage on our platform. This is to best reflect market conditions while ensuring we continue to deliver the market’s leading rates.
In line with this important mission, today, November 9, we are pleased to announce that we have increased our stablecoin APY, with a base rate of 12% now available on USDT and USDC.
YLD bonus adjustment
Last month we also made changes to the amount of YLD that is paid as a bonus on invested assets. YLD is our membership and rewards token that allows our users to earn higher APYs on their assets. The more YLD tokens that a user holds in their wallet, the higher the YLD bonus APY they receive on their asset, paid in YLD. In addition, we also pay YLD on the YLD a user holds in their wallet.
The maximum YLD bonus that we pay on all invested assets is now 6%, adjusted from a former maximum of 10% for ETH, USDT and USDC to match the maximum of 6% that we have paid on our BTC fund since launch. The YLD on YLD rate remains unchanged, with our top Tier 5 users continuing to earn an extra 10% YLD on the YLD they hold in their wallets.
This adjustment to the amount of bonus APY that we pay in YLD is part of our ongoing commitment to maintain the stability of the entire YIELD App ecosystem, which our YLD membership and rewards token plays a vital role in.
The bonus YLD adjustment is part of our ongoing commitment to maintain the stability of the entire YIELD App ecosystem, which YLD plays a vital role in.
V1 YLD tokenomics update
In the short eight months since our public launch in February 2021, our managed assets have grown to over $480 million. This has exceeded even our most optimistic initial projections and we are thrilled that our platform and product offering has been received so warmly by our users.
In our founding tokenomics, we modelled emissions of the YLD token over a four year period that would see us meet our 300 million YLD maximum supply by the first quarter of 2025. As our managed assets have grown, however, so too have YLD emissions as we reward the growing number of users joining us, and this projection has shifted.
Following a mint of 14 million YLD today, Tuesday November 9, 138 million YLD tokens are currently in circulation, with around 162 million available for generation from the maximum supply of 300 million. We are minting YLD from our total supply. We cannot mint YLD past our maximum supply of 300 million.
Minting tokens is an essential part of operating our YLD Tier Rewards program - without YLD tokens, we cannot give rewards. As explained above, the level of YLD tokens that are required at each minting event grows with the number of users and assets we have on the platform. As such, in order to ensure our minting happens at more sustainable levels until we reach our maximum supply of 300 million YLD, it is necessary to adjust the levels at which we pay YLD as an APY.
This is why we have made this adjustment to the YLD Bonus APY: to support the stability of the YLD ecosystem and ensure our users continue receiving rewards in line with their investment over the long-term.
We plan to go even further to strengthen and grow our platform, and support YLD.
Readers of our Q3 report and viewers of our AMAs with our founder and CEO Tim Frost, will know that we plan to go even further to ensure YLD emissions remain sustainable and thereby support our platform and users. Coming with the roll-out of our V2 upgrade, we plan to implement a full restructure of our YLD rewards system that will ensure YLD emissions remain sustainable over the long-term.
V2 Tier structure = high returns with YLD stability and growth
In recent months, we have been in extensive consultation with our community on this restructure and we have welcomed further feedback. Below, we have shared the current working version of our V2 Tier rewards structure. This is followed by a YLD emissions chart that clearly shows the benefits of this restructure for YLD and our platform.
IMPORTANT NOTE: Base APYs on USDT, USDC, BTC and ETH remain subject to regular review.
V2 Tiers: Flexible, fair and rewarding
As you will see, it remains our mission to ensure that our higher Tier users receive the highest returns in the industry. Under this new restructure, current Tier 5 members will continue to enjoy a potential 18% base APY on their stablecoin assets, 12% on Ether and 12% on Bitcoin as Diamond members. In addition, however, a further 12% APY will be available in YLD on the YLD they lock for 12 months - 2% more than is currently available to Tier 5's. In addition, Diamond Tier members will also have access to:
- VIP support
- VIP chat room
- Priority access for the YIELD App card program
It remains our mission to ensure that our higher Tier users receive the highest returns in the industry.
Below is a comparison between the top APYs available in our V1 Tier Rewards restructure and those available in our proposed V2 Tier Rewards structure:
As you can see, in this new system a Tier 1 user (or ‘Bronze’ in the new structure) need only hold 1,000 YLD tokens to advance to Silver and access enhanced APYs. In addition, all users can boost their APYs by choosing to receive all of their rewards in YLD, while Silver and above can significantly boost their returns by locking their YLD for 12 months. Those that do not, however, still benefit from the most competitive rates in the market. This new Tier structure gives total flexibility, allowing users to tailor their rates depending on their own investment objectives and commitment to our platform and the YLD ecosystem.
The V2 Tier structure gives total flexibility, allowing users to tailor their rates depending on their own investment objectives and commitment to YIELD App and the YLD ecosystem.
V2 relationship manager program
In V2, any YIELD App user that has over $100,000 invested (equivalent USD value of all on-platform assets) will also be assigned a dedicated relationship manager. Our relationship manager program has been in beta development for some months, with a select few users trialling this new premium YIELD App service. With the roll-out of the V2 upgrade, however, this will be offered to all clients that hold the minimum level of assets with us.
Our personal relationship managers are on hand to respond to all enquiries from their clients within 24 hours. Whether you have a technical question about our platform, products or services, or your own portfolio, our personal relationship manager will ensure you do not wait for a response to your query.
Our personal relationship managers are on hand to respond to all enquiries from their clients within 24 hours.
Personal relationship managers are also available to meet with members of your network that may have questions about the platform and can extend our services to them in recognition of your YIELD App status. In short, your relationship manager is your single point of contact for all things YIELD App. For more information on our relationship manager program, please email: [email protected]
V1 to V2 Tier migration
As we implement our Tier restructure, current Tier 5 members will be automatically moved to our new Diamond Tier. Meanwhile, our Tier 1’s that have up to 999 YLD in their wallets at the time of migration will be moved to “Bronze” as those existing Tier 1’s with 1,000 - 4,999 YLD will be moved to “Silver.” All current Tier 2 members will also move to “Silver”, while Tier 3 and Tier 4 members will move to “Gold.”
In order to earn YLD on YLD and to qualify for Tier bonuses, all users must have their YLD staked in the new system, rather than simply holding YLD in their wallets as they do now. Staked YLD is redeemable at any time and is not the same as locked YLD. Staked YLD can be withdrawn freely, while those that choose to double their YLD on YLD APY by locking their YLD for 12 months will need to hold their YLD locked, on-platform, for the duration of that 12 month period.
Our Tier Rewards restructure will truly reward our early adopters and long-term members through increased management of YLD emissions
Creating a strong, rewarding YLD ecosystem over the long-term
Our new V2 Tier structure is flexible, fair, and highly rewarding for our users. In addition, the restructure will truly reward our early adopters and long-term members through increased management of YLD emissions. This will prove supportive to YLD, as demonstrated in the graph below, which shows the benefit that an adjusted maximum bonus APY offers to YLD sustainability.
As you will see, a lower maximum YLD bonus ensures emissions of our YLD token are managed more carefully over time, allowing us to exceed our original timeline and objectives. This, combined with a more flexible Tier rewards structure that encourages users to take a greater stake in our platform and rewards them accordingly, will prove supportive of YLD while ensuring we maintain the strength and stability of the YIELD App ecosystem for early, current and future participants.
A lower maximum YLD bonus ensures emissions of our YLD token are managed more carefully over time, which will prove supportive of YLD.
As YIELD App continues on its strong and steady growth path, the YLD emissions schedule will continue to change over time. This is a factor of both the level of managed assets on our platform and the demand for YLD. As demand for a smaller supply of YLD grows, the YLD emissions rate will naturally adjust, which will be further supported by our careful future management of the ecosystem.
As we evolve, YLD will transition from a rewards and membership token to become a full membership token – a move that should prove favourable for current users and holders of YLD. During this transition we will regularly adjust our base APYs in line with our management of YLD emissions to ensure our users continue to earn the market’s leading APYs.
Less than a year on from our launch, we are proud to be one of the fastest growing digital asset wealth management platforms in the market. Before us have come a number of projects whose early adopters have been rightly rewarded for their vision and loyalty. We value our users just as highly and as such will continue to nurture and grow a system that rewards all participants while fostering growth and increasing stability.
YIELD App prides itself on listening to you, our valued users, and we will continue to gather, review and respond to the regular feedback we receive from our community. As such, please do not hesitate to reach out to us via our community channels and at [email protected] with any questions or queries you may have.