Place/Date: Estonia - March 11th, 2021 at 1:00 pm UTC · 3 min read
Contact: YIELD, Source: YIELD
YIELD App, the DeFi wealth management platform bridging traditional and digital finance, announced today a partnership with decentralized project launchpad platform Launchpool. The partnership will see YIELD App offer projects that have completed fundraisings through Launchpool access to a YIELD App Corporate Account complete with an allocation of 20,000 $YLD tokens that ensure access to the platform’s highest tier APY of up to 20%. In addition, Launchpool users will be able to farm a total of 1.4 million $YLD by staking $LPOOL on the Launchpool platform.
The YIELD App Corporate Account is a secure digital treasury for business assets. It provides the opportunity for organizations to safely store corporate funds while earning a market-leading APY. With a dedicated Account Management Team and a premier user experience, YIELD App offers busy corporate customers a stress-free digital asset management experience.
Tim Frost, CEO of YIELD App, says:
“We are truly excited to partner with Launchpool, which the team has been watching with interest since its inception this year. Launchpool’s mission to provide an equal playing field for investors of all sizes to participate in new project launches is entirely in line with YIELD App’s philosophy of making DeFi and its opportunities for wealth creation available to everyone, regardless of levels of capital or experience. This marks a further step along the YIELD App journey that will see us widening corporate participation in our platform experience.”
YIELD App is designed to offer both individual and institutional investors the opportunity to earn market-leading APYs on digital assets. Launchpool leverages communities, knowledge, expertise, contacts, and capital to provide crypto projects with the best possible start to life, maximizing their chances for success in the fast-moving and dynamic DeFi space. When projects are fundraising on Launchpool, those holding $LPOOL tokens will have the same access to deals as private sale investors typically do. This allows the platform to bring together stakeholders on an equal footing, harnessing their strengths and aligning interests so that the sum is greater than its constituent parts.
Richard Simpson, CEO of Launchpool, adds:
“YIELD App represents the quality and ethos of partner Launchpool seeks to work with. We are very pleased to be announcing this partnership. Tim and his team have built a quality product and service that is open to all. We think their offering allows participants in the space to benefit from all the opportunities without having a lot of the headaches. We are pleased to offer the YIELD App Corporate Account as a trusted custodian and treasury management solution.”
The partnership between YIELD App and Launchpool was facilitated by Alphabit, one of eight founding funds to seed the Launchpool platform. One of the world’s first regulated digital asset investment funds, Alphabit specializes in investments in blockchain and distributed ledger technology projects. Its goal is to share expertise with promising projects and advance the cryptocurrency movement as a whole.
YIELD App’s partnership with Launchpool is an alignment of interests that will allow YIELD App to continue to democratize the DeFi space, supporting retail investors to participate in some of the most innovative new projects from the very beginning. Projects that take advantage of a YIELD App Corporate Account will have access to the additional funds, fiat ramps, in-app token swaps for each token pair, and card services that the platform plans to launch in the near future.