In our first blog post, we outlined our vision and introduced ourselves as the entity that will simplify DeFi to make it truly accessible to anyone. With YIELD App, you simply deposit assets, select a fund, and earn high returns based on proven, hedged, and insured investment strategies.
As a natural next step, we’re launching our utility token YLD. Thanks to YLD, users can boost their APY, earn interest on their tokens, and support our ecosystem.
YLD Utility & Rewards
YLD tokens have two primary functions for the end-user:
1.) Users receive up to a 10% APY boost on their investment by holding YLD tokens in the app, earned in YLD. Users without YLD tokens still receive a 2% APY boost, earned in YLD.
2.) YLD tokens generate up to a 10% annualized holding reward, paid daily in YLD.
45,000,000 YLD will be distributed as YLD rewards. To read more about YLD tokens and use our APY calculator, please follow this link.
Holding Rewards
By holding a certain amount of YLD in their YIELD App wallet, users unlock daily rewards:
YLD value is calculated based on the average daily price according to CoinGecko (or alternatives such as CoinMarketCap or Uniswap).
Referral Rewards
5,000,000 YLD will be distributed as rewards for onboarding new users. The referrer and the referred user will both receive $40 in YLD the first time the referred user deploys at least $100 for 30 consecutive days in one of the investment funds offered by YIELD App. The referral program will end once the reward pool is depleted.
Treasury Rebalancing
To ensure a continuous supply of YLD rewards that are distributed to users through the YLD Loyalty & Rewards program, YIELD App will periodically purchase YLD tokens on the open market for treasury rebalancing. Details will be published by YIELD App and will include the total number of tokens purchased and the weighted average price during the reporting period.
YLD Distribution
At the Token Generation Event (“TGE”), 33,320,346 YLD tokens will be created. The maximum supply will be 300,000,000 YLD.
YLD will be allocated as follows:
Restrictions on the Sale of Reserves
For the purposes of expanding the company and its operations, and to grow and enrich the ecosystem around it, YLD Limited reserves the right to sell tokens from its Growth & Reserves Pool to private investors for company funding (marketing, liquidity & exchange listings, licenses, etc).
Conditions may be subject to change and tokens will unlock on a needs basis to raise additional capital or expand operations. The sale of tokens from the Reserve Pool will be tied to the following benchmarks and conditions, and tokens designated for company use will only be minted when needed.
Team & Advisors
The Team & Advisor Pool will be unlocked according to the following timetable and performance-tied conditions:
