Yieldly wants to help people re-conceptualize value and the way it is exchanged. Yieldly believes digital value should be exchanged swiftly, simply, and safely and are working to set the industry standards by which people will transact interact with blockchain technology.
The Yieldly DeFi ecosystem is comprised of four foundational pillars built on the Algorand blockchain. First, Yieldly’s purpose-built smart contracts enable developers of ASA tokens (“Algorand Standard Assets” comparable to ERC20 on Ethereum) to easily create staking and rewards systems on top of Algorand. This opens up the Algorand ecosystem for many use cases that are currently booming on other blockchains such as yield farming, NFT distribution, and social rewards systems. Next, Yieldly has built the first no-loss lottery designed to harness Algorand’s rewards system, aggregate rewards, and distribute them to users. Akin to PankcakeSwap and PoolTogether on their respective ecosystems, Yieldly’s no-loss lottery will unlock deep liquidity on Algorand. Third, Yieldly wants to make it easy for anyone to access Algorand and experience the many benefits of DeFi. To that end, Yieldly will release a cross-chain token bridge in June that will allow swapping of ASA YLDY for ERC-20 YLDY. Finally, Yieldly will build out further bridges to expand the pathways for any ASA native token holder. This will drive new users and more liquidity to Algorand. After the smart contracts enable users to build staking and rewards systems and open pathways for more liquidity to flow into the Algorand Network, Yieldly will unite the ecosystem via an automatic market maker (otherwise known as a Decentralized Exchange or DEX). This component has the potential to elevate Algorand to achieve mass adoption as a leading DeFi protocol.
Where is Yieldly available for purchase?
You can exchange YLDY tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Yieldly is Tinyman, notably the YLDY/ALGO pair, which saw a trading volume of $ 82.86 in the past day.
What is the highest value Yieldly (YLDY) has ever reached?
Yieldly (YLDY) reached its peak price at 0.03393 $ on 23 December 2021, approximately 4 years ago ago. Presently, the current price is -99.98% lower than this all-time high.
What is the fully diluted valuation of Yieldly (YLDY)?
The fully diluted valuation (FDV) of Yieldly (YLDY) stands at $ 38,400. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 10,000,000,000 YLDY tokens. The realization of this FDV might take several years depending on the emission schedule of YLDY tokens.