Yieldly 2023 — A look to the future

Yieldly
3 min readFeb 1, 2023

As we continue to grow and evolve, we are excited to announce several changes to our platform.

Legacy staking & yLaunch (on course for Q1)

One of the biggest changes we have planned is the launch of yLaunch — the IDO launchpad that will make it easy for projects to launch on Algorand, the first product resulting from our joint venture with Stasis Labs. With yLaunch, we’re introducing a new way for our community to access early-stage projects, and we are proud to provide a seamless experience with a platform built to the highest standards, including KYC, provided by award winning ssi provider Nuggets.life.

The launch of yLaunch will also mark the beginning of the transition away from our classic staking platform, but we will ensure users will still be able to access the legacy staking in this time to ensure a smooth transition.

NFT Prize game is coming back!

In addition to yLaunch, we are also excited to announce that we are releasing an entirely new version of our NFT prize game focused on showcasing the Algorand NFT ecosystem.

The new version of the game will be the same no loss format — stake YLDY and win prizes. This time it will feature popular creations from the Algorand NFT world which have been purchased, as well as the potential for community-voted and donated creations too. Win — Win.

This is a highly requested feature from our community and we are excited to bring it to fruition.

YLDY runs through the heart of all we do, serving not only as a staking requirement for the yLaunch pools, but also as the entry requirement for the NFT Prize Game and with the upcoming yNFT v2.0 update, even more avenues for YLDY are making their way to light.

Cross chain NFTs

We are also proud to announce that we are working with XP Network, an innovative blockchain project focused on cross-chain interoperability, to offer cross-chain NFTs on our platform. This will allow our community to access a wider range of unique digital assets across multiple chains as well as the chance to win a wrapped NFT and sell it wrapped, or move it back to its original chain!

We are proud to be working with multiple teams to build out a full suite of tools for our community, and we are confident that these new developments will take Yieldly to new heights in 2023.

We encourage our community to stay tuned for updates on the launch of yLaunch and be ready to take part in the new NFT prize game.

Get in touch

If you are a project looking to be featured on yLaunch, get in touch with us at partnerships@yieldly.finance with as many details as possible about your project, and our team will be in touch.

Remember, if you want to stay up to date with everything Yieldly, keep your eyes on our social pages for the latest updates — Twitter, Telegram Group, Announcements, and Discord.

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