Yieldly

YLDY Price

What is Yieldly about?

Yieldly wants to help people re-conceptualize value and the way it is exchanged. Yieldly believes digital value should be exchanged swiftly, simply, and safely and are working to set the industry standards by which people will transact interact with blockchain technology.

What makes Yieldly unique?

The Yieldly DeFi ecosystem is comprised of four foundational pillars built on the Algorand blockchain. First, Yieldly’s purpose-built smart contracts enable developers of ASA tokens (“Algorand Standard Assets” comparable to ERC20 on Ethereum) to easily create staking and rewards systems on top of Algorand. This opens up the Algorand ecosystem for many use cases that are currently booming on other blockchains such as yield farming, NFT distribution, and social rewards systems. Next, Yieldly has built the first no-loss lottery designed to harness Algorand’s rewards system, aggregate rewards, and distribute them to users. Akin to PankcakeSwap and PoolTogether on their respective ecosystems, Yieldly’s no-loss lottery will unlock deep liquidity on Algorand. Third, Yieldly wants to make it easy for anyone to access Algorand and experience the many benefits of DeFi. To that end, Yieldly will release a cross-chain token bridge in June that will allow swapping of ASA YLDY for ERC-20 YLDY. Finally, Yieldly will build out further bridges to expand the pathways for any ASA native token holder. This will drive new users and more liquidity to Algorand.

What's next for Yieldly?

After the smart contracts enable users to build staking and rewards systems and open pathways for more liquidity to flow into the Algorand Network, Yieldly will unite the ecosystem via an automatic market maker (otherwise known as a Decentralized Exchange or DEX). This component has the potential to elevate Algorand to achieve mass adoption as a leading DeFi protocol.

What can Yieldly be used for?

Yieldly’s purpose-built smart contracts enable developers to easily create staking and rewards systems on top of Algorand, opening up the Algorand ecosystem for many use cases such as yield farming, NFT distribution, and social rewards systems.

Where can you buy Yieldly?

YLDY tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Yieldly is Tinyman, where the most active trading pair YLDY/ALGO has a trading volume of $0.390587 in the last 24 hours.

What is the daily trading volume of Yieldly (YLDY)?

The trading volume of Yieldly (YLDY) is $0.388145 in the last 24 hours, representing a -49.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Yieldly (YLDY)?

Yieldly (YLDY) reached an all-time high of $0.03393 and an all-time low of $0.0₂₆2936. It’s now trading -100.00% below that peak and 1.5989047661312334e+22% above its lowest price.

What is the fully diluted valuation of Yieldly (YLDY)?

The fully diluted valuation (FDV) of Yieldly (YLDY) is $4,694.87. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Billion YLDY tokens are in circulation today. Depending on how the emission schedule of YLDY tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Yieldly compare against its peers?

With a price decline of -5.40% in the last 7 days, Yieldly (YLDY) is underperforming the global cryptocurrency market which is down -4.40%, while underperforming when compared to similar Harmony Ecosystem cryptocurrencies which are up 0.00%.