Updated on December 7, 2020.
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, 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 will allow our users to boost their APY from 12% to 20%, and earn up to 10% APY on their YLD.
45,000,000 YLD will be distributed as holding rewards. An additional 5,000,000 YLD will be dedicated to referral rewards, as described below.
By holding a certain amount of YLD in their YIELD wallet, users unlock daily rewards:
Reward tiers are not cumulative.
YLD value is calculated based on the average daily price according to CoinGecko (or alternatives such as CoinMarketCap or Uniswap, if any pricing issue happens on CoinGecko).
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 in one of the investment funds offered on YIELD.app. The referral program will end once the reward pool is depleted.
50% of our net network proceeds (minus the guaranteed APY) will be used to buy YLD on the open market for treasury rebalancing. Updates will be posted on YIELD.app on how much was repurchased and reinserted into the treasury rebalancing pool.
At our Token Generation Event (TGE) on December 14th, 300,000,000 YLD will be created. This will be the final and fixed amount of YLD in existence, and it will not change.
YLD will be allocated as follows:
Team & Advisors
The Team & Advisor Pool will be unlocked according to the following timetable and performance-tied conditions: