Yield App has announced the release of its anticipated version 2 that would provide more options to its users. The platform which was named as the official digital asset wealth manager partner for English football club West Ham has made tremendous strides since it was first released 11 months ago.
In less than a year, it has amassed a user base of over 70,000 users and more than $420 million in managed assets. With this new version, Yield App comes out with a new look backed up with changes that will greatly benefit its users. This new design provides a smoother and sleeker experience with a bunch of new features in tow that rivals the best of the best.
Earn In Even More Ways
Yield App already provides market-leading rates on USDT, USDC, BTC, and ETH, in addition to attractive reward incentives for those who hold its native token, YLD. However, the platform has taken this one step further with a slew of new capabilities that will help users earn more while giving them more control over their digital assets.
With Yield App VS, users are able to view the value of their digital assets in a currency of their choosing. An example of this is a user could decide to choose to view their assets in euro as opposed to the dollar or the pound. Furthermore, users are able to directly reinvest their earnings from previous investments using the “Auto-compound” feature.
This one-click capability allows users to be able to put digital assets they earn back into their portfolios for higher long-term earnings. “Auto-deploy” is another new feature that allows users to send wallet deposits straight to their chosen portfolios.
Pick How You Earn Your Rewards
The Yield App version 2 comes with more exciting product updates that give more control back to the user. The new version allows users to pick what digital asset they want to earn their rewards in. A user could either choose for their rewards to be paid out in the base asset with which they invested or in the Yield App native YLD. Those who choose to earn rewards in YLD are entitled to a 2% higher APY.
With the Yield App full-cycle swaps, users can automatically swap their digital assets for any other assets listed on the platform. These listed assets range from stablecoins like USDT, USDC, and DAI, as well as Bitcoin (BTC) and Ethereum (ETH).
The tier system also got a revamp as a new tiers rewards system is now in place. This new system will divide the tiers into four categories of Bronze, Silver, Gold, and Diamond. Users will receive variable returns according to how they rank in this system.
Finally, Yield App users are now able to lock or stake YLD tokens to earn annualized returns. Staking YLD tokens attract an annual yield and locking YLD tokens for a year carries a flat rate of 12%.
A More Secure Yield App
The Yield App is the most secure version of the platform yet. With new security features such as auto-logout, two-factor authentication (2FA), and whitelisted addresses, Yield App V2 has mined the risk of mistakes on the part of the user.
Users are now able to download a report of all of their transactions, previously impossible in V1, as monitory and reporting of digital asset activities have been simplified in the new version. These reports will include the time, IP addresses, and the location of all transactions carried out by the user.
Moving to Yield App V2 is a clear testament to the project’s commitment to growth and accountability. Focused on developing a safe and profitable platform for its users, Yield App has positioned itself to become a leader in the space.
Here’s a detailed overview of all the new and exciting features of Yield App V2:
To learn more about Yield App, visit its website.
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