As part of its ongoing work to expand the DeFi universe by building relationships with leading crypto projects and platforms, YIELD App announced its partnership with the Constellation Network and its primary exchange, Lattice.
The Constellation team will explore opportunities to integrate YIELD App into the Stargazer Wallet, giving users the chance to take advantage of passive income opportunities powered by YIELD App and earn APYs of up to 20%. YIELD App will also work to bolster DeFi integration for the users of the Lattice Exchange by contributing liquidity to liquidity pools on the global cross-chain liquidity platform, due to launch in 2021.
“DeFi is one of the most promising new frontiers for the crypto space, and we cannot be more excited about partnering with YIELD App to bring new opportunities in this field to the Constellation ecosystem,” said Mathias Goldmann, Co-Founder, and COO of Constellation Network.
The partnership will see YIELD App become an integral part of the Constellation Network ecosystem. YIELD App will provide treasury management solutions for “L_0” applications and token projects built on Constellation’s Hypergraph, a ledger based on DAG architecture. This will enable developers to easily manage their funds and focus on constructing hyper-scalable applications.
“We are proud to partner with Lattice Exchange as YIELD App shares the same passion for reaching as many people as possible to help them better understand the opportunities available in the crypto-economy,” said Tim Frost, founder, and CEO of YIELD App.
He adds: “We are building a seamless and safe platform that provides our users with access to the best of decentralized finance, all in one place. We are thrilled to be able to extend that to Lattice users, giving them easy and fast access to market-beating APYs.”
YIELD App recently launched its Ethereum Fund which allows users to earn up to 20% APY on cryptocurrency’s second-biggest asset, Ether (ETH). This adds to the company’s current stable of equally high-interest opportunities on USDT/USDC and gives ETH holders a chance to earn a market-beating rate of interest on their asset.
The platform is designed to fill the gap between DeFi native and traditional retail investors, offering a safe and familiar environment for users to obtain yield on their ETH and stablecoins. Since its public launch in February, the YIELD App has over 20,000 users on the platform.