Yield App Launches DeFi Bitcoin Fund, Offers Customers as much as 12% APY – Press launch Bitcoin Information - Finans Haberleri - Canlı Borsa
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Yield App Launches DeFi Bitcoin Fund, Offers Customers as much as 12% APY – Press launch Bitcoin Information

Yield App Launches DeFi Bitcoin Fund, Offers Customers as much as 12% APY – Press launch Bitcoin Information

Press release

PRESS RELEASE. ESTONIA – JULY 8, 2021 – YIELD App, the decentralized finance (DeFi) asset management platform that blends traditional and digital finance, is pleased to announce the launch of its Bitcoin fund, which enables users to generate high-yield returns on the world’s largest cryptocurrency, Bitcoin (BTC). This will consist of an annual percentage base rate of return (APY) of 6% on BTC, with an additional 6% available in YLD rewards.*

The fund is initially only available to users of the YIELD Tier 5 app. These are users of the YIELD app platform who hold 20,000 YLD tokens or more in their on-platform wallets and are entitled to the maximum available APYs.

Tier 5 users can deposit unpackaged Bitcoins into the YIELD App Bitcoin Fund from today, Thursday, July 8th, 07:00 UTC through Sunday, July 11th, 07:00 UTC, or until an initial fund cap of 500 BTC is reached is. Unwrapped Bitcoin is BTC on the Bitcoin blockchain and not a synthetic BTC token that is used to trade the asset’s value on other blockchains like Ethereum.

If there are any awards left after this period, the fund will continue to run for 24 hours from Sunday, July 11th 7:00 AM UTC through Monday, July 12th 7:00 AM UTC, or until the limit is reached for all users open . The minimum deposit accepted into the fund is 0.25 BTC.

In addition to the 500 BTC cap, which ensures that the YIELD App’s portfolio team can put funds into the most stable and profitable Bitcoin opportunities for its users, the fund will be closed until October 10, 2021. The YIELD App Bitcoin Fund will be closed for the entire initial period receives his main investment and the interest he has earned in both BTC and YLD at the end of the term. During this period, the YIELD app team can open the fund for further investments beyond the limit of 500 BTC, provided there is demand and favorable market conditions.

This considered and controlled approach to launching its highly anticipated Bitcoin fund reflects YIELD App’s longstanding commitment to security and stability. These safeguards will ensure the stability and market leading APY of the YIELD App Bitcoin Fund, which will join the USDC, USDT and ETH offerings of the wealth management platform. This well-rounded fund suite offers investors the opportunity to earn up to 20% on the largest cryptocurrencies.

Tim Frost, CEO of YIELD App, comments on the launch of the YIELD App Bitcoin Fund: “This represents the achievement of one of our greatest goals and a unique opportunity for users to invest in DeFi with their Bitcoin. There are few platforms left in this space that offer this, with many requiring users to pack their Bitcoin first. Instead, the YIELD app makes it easier to invest Bitcoin in DeFi by allowing users to deposit BTC directly with us.

“With the Bitcoin fund of the YIELD app, users only have to deposit and invest their bitcoins on our platform. Our portfolio team will then invest funds in the most profitable and secure Bitcoin opportunities in the DeFi ecosystem.

“The fund’s launch comes at a time when many long-term BTC HODLers are looking for a safe haven for their assets as they weather the current volatility. We hope that these long-term investors will earn up to 12% APY on this digital flagship asset with the YIELD app and we look forward to welcoming them to the fund. “

Since its public launch in February 2021, the YIELD app has gained more than 44,500 users and has grown its platform-based assets under management to more than $ 135 million. The huge success and leading APYs of its existing USDC, USDT and Ether (ETH) funds have resulted in the wealth management platform attracting the attention of private and corporate clients, with the company now holding the treasuries of over 30 companies managed.

The YIELD app is part of the DeFi ecosystem, which refers to a variety of financial instruments and tools built on top of blockchains like Ethereum. DeFi removes traditional financial intermediaries and provides equal access and opportunity for all through the use of technologies that are open, transparent and immutable. Many of DeFi’s most popular protocols have taken familiar aspects of conventional finance (such as borrowing, lending, and insurance) and built them from scratch, all powered and enabled with blockchain.

DeFi has continued to set new records this year. Between January 1 and June 30, 2021, the total value of DeFi will be blocked (TVL) has climbed from $ 21.1 billion to $ 107.5 billion: an increase of 409%. While DeFi’s growth has been spectacular, its accessibility has hindered mainstream adoption. The YIELD app bridges the gap with an intuitive, secure platform supported by DeFi’s most innovative protocols. In the near future, the YIELD app will introduce additional funds, fiat ramps, in-app token swaps for each token pair, and card services.

*Please visit the YIELD app blog for the full terms and conditions of the YIELD App Bitcoin Fund

Via the YIELD app

YIELD App believes that everyone should have access to the best investment opportunities. Their mission is to unlock the full potential of digital assets, combine them with the most rewarding opportunities in all financial markets, and make them available to the world. To achieve this, the company offers an innovative wealth management platform that combines traditional and decentralized finance in the simplest possible way. For more information, visit www.ertrag.app

This is a press release. Readers should do their own due diligence before taking any action in relation to the advertised company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in the press release.

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