Yieldly is a blockchain-based protocol that provides a range of DeFi products and services for the Algorand blockchain. It is the first project to have built DeFi smart contracts native to Algorand. As such, it is a unique project that allows users to interact with, stake, pool, and swap ASA assets.

It aims to address and provide solutions for existing problems of the Algorand platform and, more broadly, the DeFi community. In particular, it hopes to be able to offer greater liquidity and increase the utility of ALGO, Algorand’s native cryptocurrency. Yieldly also seeks to provide a smart contract layer in order for projects to develop and built their Algorand applications and products on.

What are Yieldly key features and how does it work?

Yieldly’s ecosystem consists of a variety of products and well-developed infrastructure to bolster the Algorand ecosystem. 

This includes:

• No-Loss Prize Games. Users can take part in weekly prize games by staking YLDY. There are weekly ALGO and NFT jackpots that users can win.
• Multi-asseting Staking. Participants can stake ASA (Algorand Standard Assets) into dedicated ASA smart contracts. Benefits include high APYs, fast speeds, and minimal costs.
• Yieldly Pools. Users can earn rewards by participating in Yieldly multi-audited liquidity mining and staking pools. There is a wide range of available liquidity pools which offer different APY.
• Cross-Chain Bridges. Native Algorand tokens (ASA) can be swapped via the cross-chain bridge. For example, the ASA-ERC20 cross-chain bridge allows tokens to be seamlessly exchanged. 

Where can you buy YLDY?

YLDY is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are MEXC Global and Uniswap. The price of YLDY will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for YLDY market price, please view the price charts on this page.