Yieldly update: YLDY Live price, price chart, news and markets

The YLDY price update as of now is $0.000007480. In the previous 24 hours, its trading volume was $28, and its value has increased by 59.83%. As of now, YLDY's live market cap is $74,800, and it is ranked as the #7344 on the Coincu. YLDY has a circulating supply of 10,000,000,000 and a maximum supply of 10,000,000,000.

Discovering Yieldly: Introducing DeFi on Algorand

Yieldly is a revolutionary platform that aims to transform the exchange of value in the digital world. With a strong emphasis on speed, simplicity, and security, Yieldly is setting new standards for blockchain transactions. Utilizing the Algorand blockchain, Yieldly's DeFi ecosystem consists of four essential pillars.

Unleashing Algorand's Potential with Tailor-Made Smart Contracts

Yieldly's tailor-made smart contracts empower developers of ASA tokens (Algorand Standard Assets) to effortlessly create staking and rewards systems on the Algorand blockchain. This creates numerous possibilities, including yield farming, NFT distribution, and social rewards systems.

No-Loss Lottery: Leveraging Algorand's Rewards System

Yieldly has pioneered the first no-loss lottery on Algorand, leveraging the platform's rewards system to aggregate and distribute rewards to users. Similar to popular platforms like PancakeSwap and PoolTogether, Yieldly's no-loss lottery will enhance liquidity on Algorand.

Seamless Access to Algorand: Cross-Chain Token Bridge

Yieldly's goal is to provide universal access to Algorand by launching a cross-chain token bridge in June. Through this bridge, users can easily swap ASA YLDY for ERC-20 YLDY, enabling seamless integration between the Algorand and Ethereum ecosystems.

Enhancing Liquidity with New Connections

Yieldly envisions building additional bridges to broaden the avenues for ASA native token holders, attracting new users and increasing liquidity on the Algorand Network.

Once the smart contracts enable users to create staking and rewards systems and establish avenues for greater liquidity, Yieldly will unite the ecosystem through an automatic market maker, also known as a Decentralized Exchange (DEX). This pivotal component has the potential to propel Algorand towards mass adoption as a leading DeFi protocol.