ProBit Global Lists Token of Yieldly, Algorand’s Top DeFi Platform

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The token of the first DeFi platform with the highest rewards on the world’s first pure proof-of-stake blockchain, Algorand, is to list on ProBit Global.

YLDY is the native asset of the Yieldly platform as well as one of the Algorand Standard Assets (ASAs) —-on-chain assets with standardized mechanisms on the Algorand platform. ASAs benefit from the network’s security, compatibility, and speed.

YLDY allows users to provide liquidity and generate multi-asset rewards through staking on the Yieldly platform which last year became the first vertically-integrated staking, NFTs, and listing launchpad for ASAs.

Aside from being used on Yieldly’s multi-asset staking pools for users to earn YLDY and other ASA tokens, YLDY could also be staked to get a ticket to enter Yieldly’s NFT Prize Games where users stand a chance to win ultra-rare NFTs.

YLDY also serves for the swapping of tokens via Yieldly’s ASA-ERC20 bridge.

Yieldly seeks to bring the next generation of applications onto Algorand, the blockchain that has seen 6400% user growth since July 2020. It will onboard more ASA projects for staking pools, NFT gamification, cross-chain bridges, world-class listing, and investment, among others.

It has been working to widen access to DeFi and NFTs on Algorand by gaining new users to its staking pool and no-loss prize games. Yieldly has since partnered with world-leading esports organizations like Boom, Fact Revolution, and one of the largest teams in Latin America, Infinity.



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