Finxflo integrates YIELD App to offer market-leading APYs directly to users
YIELD App is pleased to announce a partnership with hybrid liquidity aggregator Finxflo, who will integrate our protocol and its market-beating APYs on crypto assets into its platform. This will mean users of the Singapore-based exchange — which bridges CeFi and DeFi to facilitate greater market depth and best-in-class asset pricing — will be able to invest securely into YIELD App without exiting their Finxflo accounts.
Through the integration, Finxflo will allow users holding parked assets in its regulated and insured custody access to YIELD App’s quantitative DeFi trading strategies, generating significant APYs of up to 20% on stablecoins. For YIELD App, the partnership will allow us to continue to grow and diversify our user-base, deepening liquidity across our platform. Finxflo will be one of the first corporate clients to use YIELD App’s new API when the hybrid exchange launches in May.
Tim Frost, CEO of YIELD App, comments: “Our partnership with Finxflo will allow us to offer high-yielding products powered by DeFi to Finxflo’s diverse and far-reaching client base. By unlocking these new yield options and integrating with leading companies in the space like Finxflo, we hope to continue to realise the ambitions of decentralized finance and bring DeFi investing to millions of users across the globe.”
This partnership follows the successful public launch of YIELD App’s web platform out of beta earlier this month. Last week we also celebrated reaching 10,000 users, through which more than 30% of the current YLD token supply is being held on-platform in YIELD App wallets.
Both YIELD App and Finxflo are taking a forward-thinking, regulated approach to DeFi with Finxflo regulated by the Monetary Authority of Singapore (MAS). The platform is an established, secure exchange designed to offer the best rates and prices from the world’s leading CeFi and DeFi protocols through one connection, account, and KYC (know your customer) process.
James Gillingham, CEO of Finxflo, says: “Finxflo is unique in that we are a multi-jurisdictional entity, not just a protocol. We are regulated in Singapore and will be regulated in the US and EU in the coming months. Our relationship with the YIELD App team happened organically as we are both taking a licensed approach to investing in DeFi. We strongly believe by partnering with YIELD App, we can uplift the reputation of and accelerate the acceptance of digital assets as a mainstream commodity class.”
Integration with Finxflo will also be a key part of the future launch of YIELD App’s API, which will allow any financial institution to offer high-return yields powered by YIELD App to their client base. This will be a significant stage in the development and growth of YIELD App, one which we believe will further enhance the attractiveness of DeFi to a broad, global audience and which we will be releasing further details of in coming weeks.