Yield App Unveils Higher Yield Passive Income Product
PRESS RELEASE. Yield App, a global FinTech company and digital wealth platform which has attracted more than 80,000 customers since its launch in February 2021, is enhancing its product suite with a new higher-yielding c...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
PRESS RELEASE. Yield App, a global FinTech company and digital wealth platform which has attracted more than 80,000 customers since its launch in February 2021, is enhancing its product suite with a new higher-yielding crypto passive income alternative.
The new crypto passive income product suite has been named Earn+ and comprises stablecoin and Ether portfolios with a 30-day redemption notice period. In addition, the existing BTC passive income product will be upgraded to have the same features as Earn+.
These portfolios now pay the highest yields on the crypto assets available on the platform, with up to 10% p.a. currently available on Earn Plus stablecoin products to Diamond Tier members.
Yield App Diamond Tier members must stake or lock 20,000+ of its native token YLD on the digital wealth platform. They are rewarded with the highest interest rates across Yield App’s crypto passive income product range, as well as a range of additional perks.
The existing instant access products remain available under the title Flexible, paying an alternative interest rate in exchange for instant liquidity. The additional Earn+ product range provides customers with greater flexibility in terms of how they choose to earn passive income on the Yield App platform.
Tim Frost, CEO of Yield App, says: “I am thrilled that Yield App is continuing to grow and expand its offering during a turbulent time for the cryptocurrency markets.
“This latest launch is a testament to our strengths in asset management and risk mitigation, which have carried us through the market turmoil and allowed us to take advantage of the yield-generating opportunities available in the market as a result of the recent volatility.”
Yield App is a digital wealth platform that allows its customers to earn secure and sustainable yields on the biggest digital assets. Customers can earn passive income and convert their digital assets within the intuitive web platform and crypto app.
Customers simply deploy their crypto assets into Yield App portfolios to earn passive income on stablecoins, BTC and ETH, compounding daily. At the core of the platform’s strategy is its $YLD token, which rewards loyal community members with a higher APY the more YLD they stake or lock on the platform.
– ENDS –
About Yield App
Yield App believes that everyone should have access to the best earning opportunities. Its mission is to unlock the full potential of digital assets, combine them with the most rewarding opportunities available across all financial markets and make these available to the world. To achieve this, the company provides an innovative digital wealth platform and crypto app that bridges traditional and decentralized finance in the easiest way possible.
For more information, please contact [email protected] or visit www.yield.app.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted 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 of or reliance on any content, goods or services mentioned in the press release.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Bitcoin Hovers Around $80,000 as Fed Decision Draws Closer
TL;DR: Bitcoin market participants entered October 27 focused on the Federal Reserve’s policy discussion and the upcoming interest...
Robinhood’s Q3 platform assets rise 19% to $396 billion as crypto revenue halves
Robinhood's asset growth amid declining crypto revenue highlights its resilience and adaptability, underscoring a shift in retail...
VanEck Launches All-in-One Wealth Builder ETF With Bitcoin Exposure
Bitcoin Magazine VanEck Launches All-in-One Wealth Builder ETF With Bitcoin Exposure VanEck launched the Wealth Builder ETF today,...
Coinbase Flags BLAST Network Shutdown and Customer Access Risk
TL;DR: Coinbase’s published status information identified an October 26 deadline linked to the Blast network shutdown and warned t...
Ripple Partners With Robinhood to Bring $2.4B RLUSD to 28.6M Customers
Key Takeaways: RLUSD, treasury management and institutional trading come together in Ripple and Robinhood partnership. RLUSD appea...
Coinbase Ireland Hit With €3.25 Million Regulatory Penalty
TL;DR: The Central Bank of Ireland announced on October 22 that it had fined Coinbase Ireland Limited €3,252,618 for breaches of s...