When you add funds to your YIELD App account, they will be displayed in your wallet. From there, you can invest them into a YIELD App fund by clicking the “Invest” button in order to receive up to 17% APY or the prevailing APY rates displayed at that time. This consists of a base APY on the assets deposited and an additional APY calculated as the portion of YLD loyalty rewards you will receive by holding YLD tokens in your wallet.
You can acquire YLD tokens on the YIELD App platform by swapping from USDC, USDT, ETH, BTC or other permissioned assets or via third-party exchanges. Once deposited into the platform, your YLD tokens are already earning rewards, and you do not need to invest them as you do with your other cryptocurrencies. You simply need to hold them in your YIELD App wallet. The more YLD you hold in your wallet, the higher your membership tier, with up to 10% APY available based on your tier level.
When you invest, you are depositing your assets into a YIELD App fund. When you redeem, you are removing them from the fund and putting them back into your personal YIELD App wallet. Your initial deposited YLD tokens always remain in your wallet.
You can learn more about YLD tiers and rewards here.
All rates are subject to revision at the discretion of YIELD App management.