YIELD App, an app and web platform that enables users to generate high returns on DeFi products, today announced the expansion to Avalanche, an open source platform for launching decentralized financial applications and blockchain deployments for businesses.
Once the integration is complete in the second quarter of 2021, the project will capitalize on the active growth of opportunities in Avalanche’s DeFi ecosystem.
YIELD’s core product combines two key components that the team missed in most DeFi applications: a proprietary portfolio management engine in the back end and a digital banking and wealth management application in the front end.
By combining these features, the app can constantly monitor and assess the profitability of strategies across the DeFi ecosystem, including liquidity mining, arbitrage, liquidations, margin / secured credit and other income generating strategies. It employs a sophisticated risk management process that allows users to achieve their optimal risk / reward ratio. YIELD users can earn at least 12% APY and up to 20% APY – returns are maximized by eliminating gas fees and paying interest on a daily basis.
“DeFi’s growth has been undeniable, but to get it mainstream, hybrid crypto financial service providers, DeFi project owners and innovators must work together to create better and more accessible products and services. This collaboration with Avalanche gives YIELD App the opportunity to work with a world-class DeFi protocol developer and blockchain pioneer to make it easier for all investors to acquire digital assets and participate in DeFi services. “
– T.im Frost, CEO of YIELD App