YIELD App acts as corporate treasurer for gaming platform Lepricon
In a further expansion of the YIELD App Corporate Account offering, we are pleased to announce that YIELD App will act as corporate treasurer for soon-to-launch gaming and NFT platform Lepricon, which has selected us as an investment solution for its long-term USDT assets.
Lepricon will invest a portion of the proceeds from its pre-sale USDT assets that are not required for operations in the coming year with the YIELD App platform, where the company’s holding will earn up to 20% APY.
With plans to fully launch its innovative new offering in the coming weeks, Lepricon is a community-owned and governed hyper-casual games platform. It allows stakers, developers, and gamers to enjoy the benefits of decentralized finance (DeFi) in a gamified way and is backed by a vibrant community that receives rewards for positive contributions and interactions.
YIELD App is a digital wealth management platform that is building a bridge between traditional finance and DeFi with a simple, streamlined application that offers users the opportunity to earn up to 20% APY on their USDT, USDC, and ETH.
In our recent first-quarter results, we announced that we gained 26,000 users between our beta launch in December 2020 and 28 March 2021, while growing our assets under management (AUM) to $46 million.
Corporate account growth
In addition to serving individual clients globally, YIELD App also offers corporate account management and treasury services, allowing organizations across cryptocurrency, fintech, and beyond to deposit their assets safely and securely for a market-leading return.
Commenting on Lepricon’s selection of YIELD App for its non-operational USDT assets, co-founder and COO Stephen Browne says, “We are lucky to have reached our hard-cap for investment so quickly and to have enough liquidity to operate into 2024, not factoring-in revenue.
“We take the best use of contributor funds very seriously, and YIELD App offers a simple, effective, and profitable option.”
Tim Frost, CEO of YIELD App, adds: “YIELD App has always had a clear mission: to open up DeFi and its powerful opportunities to users everywhere. Helping platforms and projects within the digital economy to safely store and grow their assets and treasuries is a big part of this, ensuring that innovation within the industry is able to thrive.
“Lepricon is an exciting project with huge potential and we are proud to have been selected as the guardian of their non-operational USDT assets.”
The Lepricon platform, which launched its $L3P token via Uniswap on 17 March, will provide hyper-casual games for the general public that operate on-blockchain via the use of $L3P.
Three games that the firm has developed in-house will follow the launch, with plans to regularly release in-house and acquired content. Lepricon will also offer opportunities for staking and liquidity mining to token holders.
Lepricon is a community-owned and governed hyper-casual games platform that allows stakers, developers, and gamers to enjoy the benefits of DeFi in a gamified way, backed by a vibrant community that receives rewards for positive contributions and interactions. Lepricon plans to evolve into a Decentralised Autonomous Organisation (DAO), an organization managed and governed by rules enshrined in computer code. This is one of the most transparent forms of governance controlled by network participants, rather than a central authority.
About YIELD App
YIELD App believes that everyone should have access to the best investment opportunities. Our mission is to unlock the full potential of DeFi and make it available to the world. To achieve this, we provide an innovative platform that bridges traditional and decentralized finance in the easiest way possible. YIELD App users simply deposit their digital assets to earn an APY of up to 20%. At the core of our strategy is our $YLD token, which rewards loyal community members with a higher yield the more $YLD they hold in their on-platform wallets. For more information, visit yield.app.