Yield App Review 2023 - Features, Pros & Cons
Yield App is a crypto super-app. It lets users convert from fiat to crypto instantly, swap between tokens in a click, and earn up to 11% APY interest on their digital assets. Yield App never uses leverage and doesn’t engage in risky lending strategies to generate returns for customers.
The platform is already trusted by more than 90,000 users around the world. So, is Yield App right for you? Our Yield App review will take an in-depth look at the features, pros, and cons of this DeFi service.
Yield App is a DeFi platform that helps users earn interest on their crypto holdings. The platform launched in 2021 and survived 2022’s crypto contagion thanks to its use of market-neutral strategies that don’t involve lending out customer funds.
With Yield App, users can earn up to 11% APY on stablecoins and up to 7% APY on Bitcoin. Users can also swap between cryptocurrencies instantly with no fees.
Yield App also offers Yield Pro, which includes crypto-structured products that allow investors to bet on the direction of the crypto market. Users can try out Yield Pro risk-free using a simulator app.
Yield App offers its own ERC-20 crypto token, $YLD.
$YLD is primarily a membership token. Users must stake or lock $YLD to unlock higher interest rates. The yields that users can earn depend on how much $YLD they have staked or locked. They can also earn additional rewards on staked or locked $YLD.
Yield App is packed with features to help users seamlessly manage their digital assets.
The most important feature that Yield App offers is the ability to earn interest on a range of popular cryptocurrencies, including Bitcoin, Ethereum, and stablecoins. Users can earn up to 11% APY on stablecoins.
Interest is compounded daily at Yield App, enabling
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