Weekly Recap: IDO Success in 60 Minutes, Yieldly Ambassadors, Going Green & Other Updates!

Yieldly
3 min readMay 24, 2021

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Last week was an exciting week for the markets , as Yieldly’s founder, Sebastian shared his with regards to the recent volatility. While many were hesitating due to corrections, the Yieldly community had their eyes on the prize: $YLDY Token’s introduction! Here’s a recap of the week that just passed.

Project audit — Yieldly will be more than the DeFi ecosystem you need, and the one you deserve

Blockchain cybersecurity, and smart contract auditing firm, is working closely with the Yieldly team to ensure that the project meets the highest standards, and then some. With Yieldly being the first Algorand DEX that Halborn has worked with, Halborn’s experience on centralized exchanges such as Coinbase, and decentralized exchanges like Bancor will be invaluable. With the collaboration, Yieldly is confident that it will result in greater peace of mind for all users and a frictionless experience when the platform goes live in June.

$YLDY Token — Next on the Probit exchange before hitting the rest of the world

June is a big month for Yieldly, aside from the platform going live, the $YLDY Token will be the first Algorand ASA asset available on exchanges like Probit. The implementation of the ERC20/ASA token bridge opens up the possibilities for Uniswap users to join the growing Yieldly family.

Yieldly — The new dawn of DeFi, and international coverage

Cointelegraph recently published an article on Yieldly, and the project has been making international waves from , , , and . Along with Algorand’s robust ambassador network , Yieldly has been on the radar for ambassadors in Turkey, and will be recognised in more territories in the weeks to come.

Yieldly — The industry standard for carbon neutrality

Yieldly’s commitment to security, speed, and decentralization goes hand-in-hand with environmental sustainability as key tenets of the project. The Yieldly project will be one of the best DeFi ecosystems for users and the planet — making carbon neutrality an industry standard.

Partner AMAs

Sebastian did an AMA with YBB Foundation , and . After curating up to 1,300 questions, he covered topics such as unifying different protocols on Yieldly, the power of financial democratization on DeFi, and what staking and rewards should look like in the future. Join the Yieldly community to take a closer look to see what other possibilities Yieldly has in store for the DeFi space.

Yieldly roadmap and resources page

The Yieldly team is also excited to unveil this year’s and a resource page with detailed guides to the growing functionalities on the platform, to help users enjoy the DeFi experience of the future.

Stay tuned as this space will be heating up in the next few weeks! What parts of the Yieldly project excite you the most? Join the Yieldly Telegram channel to be part of one of the most vibrant blockchain communities, and join the Yieldly announcements Telegram for key updates!

Originally published at https://yieldly.finance on May 24, 2021.

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Yieldly
Yieldly

Written by Yieldly

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