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Yield App Update: Introducing new Earn Plus rates
In anticipation of our soon-to-be-launched Earn Plus products, we are introducing the new Earn Plus rates, which benefit our Diamond Tier customers in particular. In this blog, we outline all the key details of this imminent launch.
Earn Plus rates
From today (Thursday, 21 July 2022), and to celebrate our soon-to-be-launched Earn Plus solution, all our Diamond Tier customers will enjoy increased rates of 9% on stablecoins, 5% on ETH, and 4.5% on BTC, until the Earn Plus product goes live.
Once the Earn Plus product is launched, customers will have the choice to keep earning these higher rates by picking the Earn Plus solution or remain in the Flexible, daily earn, instant liquidity portfolios. Rates for Flexible, daily earn, instant liquidity portfolios will be revised once the Earn Plus portfolios are live.
Please note that the first rewards based on the new rates will be paid at 00:00 UTC on Friday, 22 July 2022.
Don’t forget, it only takes 20,000 YLD to become a Diamond Tier customer at Yield App, which gives you access to our top rates across all our portfolios. In addition, we periodically announce extra perks and giveaways for Diamond Tier customers.
What is Earn Plus?
In the next few weeks, we will be introducing a new product called Earn Plus and renaming our existing earning product to Flexible. We are pleased to reveal more details of our new stablecoins and ETH Earn Plus options.
These portfolios will have a rolling 30-day redemption period, meaning that customers who click ‘redeem’ will receive their assets plus accrued interest at the end of 30 days. Customers will continue to earn on their holdings throughout any 30-day redemption period.
The existing instant-liquidity earn portfolios (ETH and stablecoins) will still be available. Earn Plus will be an additional option to provide more flexibility to those customers who would like to earn higher rates with longer lock-up periods.
We are pleased to be developing our product offering further to provide our valued customers with more flexibility in how they choose to earn on our platform. These portfolios were highly requested by members of our community with a longer-term mindset who prefer higher rates to instant liquidity.
We intend to host an Ask Me Anything (AMA) session when we launch these portfolios to clarify all the details and answer any questions our community might have. Keep an eye on our social media channels and weekly newsletter for further announcements.