đ RECAP AMA EPID COMMUNITY x YIELD APP
đAMA Timing : 17th March 1 PM UTC | 8 PM (GMT +7)
đVenue For AMA: @EPID_Community_VN
đ°Reward Pool : 100$
âĄď¸Part 1: Project Introduction.
Grunt | Titans Ventures:
Q1:
Could you briefly introduce about as your project?
Jan YIELD:
YIELD App was born from a vision to provide our customers with a high yielding deposit account coupled with safe custody of your assets! đInstead of you doing all the steps we ware doing it for your, and as the ETH price is surging is becoming more and more expensive to participate into defi. This is where we can come in with a very simple solution
Tim YIELD:
We are a FinTech that invests into DeFi for our clients. We do this with a diversified approach to maximize profits in a safe way.
Justin YIELD:
Thank you again for having us. With YIELD App we have built and are continuing to develop a proprietary Portfolio Management System PMS that allows our team of portfolio managers, devs and quants to analyse and access a range of high strategies in real time with programmatic deployments and risk mitigation through triggered alerts at a Mempool level allowing us to move faster than our competitors and other individual traders. We are adding layers of sophistication to the PMS as we add new partnerships and chains to remain at the edge of protocol development.
Grunt | Titans Ventures:
Q2:
What makes the Yield App project stand out more than the projects in the same direction at the moment?
Tim YIELD:
I havenât seen a team with the track record we have. Jan grew Paxful from 50,000 to 4.5M users and overtook Localbitcoins without raising capital. I was part of the founding team and ran marketing and BD for Wirex which now has 3.5 million clients. While we donât want to give too many specifics on how we will take market share, our track record does speak volumes. The team at YIELD come from a diverse range of background, with extensive experience in sectors that include investment and institutional banking, funds management, FinTech, software engineering & development, consulting, law and media, we understand what the market needs, we believe we have the right team to make this happen and build something sustainable for the long term. The whole space is growing quickly, there will always be competition, and thatâs healthy provided it is with the usersâ interest in mind.
Justin YIELD:
For us itâs about making DeFi and this still novel asset class of crypto available for everyone. If we have a look from the SWOT side its driven by finding a balance between simplicity and safety without diminishing the attractive type of returns that can be generated in DeFi. In practise and behind the scenes, this is very complex. We like to listen to our communities to understand their demand for alternative products, funds, assets and features that we can fit into our development goals and existing roadmap as we grow.
Jan YIELD:
What sets YIELD apart is that we are a regulated licensed bank đŚ managed by a team with a proven track record in FinTech. That said, we are well-prepared to offer transparent governance through our YLD token. đŞ Our goal is to go beyond DeFi and provide a more rewarding digital banking experience, where people around the world can easily earn interest on any currency and spend their earnings using our physical debit card đł, without ever having to think about crypto.đ
One major area is our team. We have built very successful companies and financial institutions before. The other is our approach. We are licensed, insured, and are building a platform to offer clients a secure place to allow their money to grow. Unlike many crypto companies which are anonymous or not building companies that are compliant from day 1.
Grunt | Titans Ventures:
Q3:
What are the memorable milestones of Yield App in the research and development process?
Jan YIELD:
We have our roadmap public to keep us accountable to our community đĄ:
Platform and Application
- Increase accessibility and adoption of YIELD Appâs platform
- Reach 10,000 monthly active users
- Complete and deliver iOS and Android mobile apps â available in app stores
- Open deposits for BTC, ETH, wBTC, and other stablecoins
- Enable coin and token swaps within the platform Fund Management
- Continue developing alternative fund management strategies
- Deploy and manage BTC fund
- Deploy and manage ETH fund
Build-out capabilities for $100M+ in assets
Banking Services
- Finalize and open fiat ramps that are cost-effective for our users
- Continue to pursue the best-available partnership for a debit card program
Tim YIELD:
As for research and development, we are now able to identify some of the geographical markets that we can target initially. This gives us an idea on where to invest marketing on, see what sort of licenses are necessary and maybe even manpower to grow our community.
research and development has also allowed us to develop our product (app.yield.app) from soft launch to a 2nd version of the app and dashboard already. All the feedback we receive from community members to investors play a role in fine tuning our services.
Grunt | Titans Ventures:
Q4:
What does Yield app plan to do to attract more users in the upcoming time?
Justin YIELD:
Weâve achieved so much in such short time since we started end of last year. Our sold out listings, being number one on CoinMarketCapâs trending list, and so much more is on target. We also have a blog for the members to have an overview of whatâs coming ahead: https://www.yield.app/post/yield-app-accelerates-its-mission-toward-defi-banking-in-your-pocket
Jan YIELD:
There is no shortcut to success. Itâs a combination of good marketing, PR, excellent product, high APY, \Good customer service, and many other things to make a company flourish
Justin YIELD:
DeFi is the crypto equivalent of the toothpaste being out of the tube, we are seeing multiple new iterations of traditional financial products being replicated in the space, and we believe we are only at the start of a multi-year journey. I have traded through and experienced multiple bull and bear markets across many different asset classes, and each time they fade, they come back stronger, safer, and more sophisticated. YIELD.APP will be at the forefront of these changes and trends with our customersâ interest in front and center.
Tim YIELD:
To know more about our upcoming plans, please check out our Medium that just came out today. It talks about whatâs to come in the next quarter: https://yieldapp.medium.com/yield-app-2-0-is-coming-and-its-bringing-more-for-less-2d8ba0e9873f
Grunt | Titans Ventures:
Q5:
Who are some business partner/clients for Yield App?
Justin YIELD:
We are targeting a global audience. Already working with and continuing to build out alliances with other professional actors in the DeFi space. Some of these are technology-led, all of them are knowledge-driven with the aim of constant improvement and to pass the benefits back to our customers, we will be adding different functionalities as the project evolves, alongside with additional products within the platform, thanks to these different alliances too.
Tim YIELD:
As previously mentioned most of our partners are highlighted on our Medium but some of them include:
https://www.alphabit.fund/
https://bnktothefuture.com/
https://digistrats.com/
https://www.palcapital.com/
https://www.yeomans.capital/
https://chronosvc.com/
Avalanche
Merkle Science
Link to our Medium is here: https://medium.com/@yieldapp/
Our most recent partner is Launchpool. You can read more here: https://yieldapp.medium.com/launchpool-offers-1-5m-yld-in-new-pop-up-pool-9c0930df8634
âĄď¸Part 2: Question From Twitter (5 best questions)
Grunt | Titans Ventures:
Q1. What is special about #YIELDAPP compared to other projects? Can you give some compelling reasons for users to choose Yield App as a long-term investment? @Mony63292466
Tim YIELD:
I think its still very hard to vet all these new projects, and the amount of time and money you have to invest to get into some of the projects is super consuming. thatâs why we have a team of dedicated team of doing this every day. I would say our biggest strength is our team and knowledge
We run a managed fund to invest into DeFi. We encourage new DeFi projects coming all the time and we invest into them and earn returns for our clients. All of our investments are audited and trusted from smart contract auding to business logic.
When you use YIELD App you are investing into all the top DeFi protocols. So through us we make it easy and safe to invest into DeFi. We do all the heavy lifting.
Justin YIELD:
We are targeting different customers, we are building a bank with fund products at the backend, we will operate a transparent model, weâre building a proprietary portfolio management system. For the 1st funds, we are offering guaranteed returns. What people see now is our recent launch, we will grow beyond this and admire the work others have done, do they make it clear if they are neutral or have any risk exposures on directional trades, etc.? Are they building innovation around an insurance product? Any good business will always have competition, think Starling Bank, Revolut, Monzo.. Same models with different approaches and customer bases. If investors want exposure to DeFi and are worried about risk, there is a valid argument they should split their allocations across YIELD App, and others, rather than concentrate it all on one platform.
Jan YIELD:
YIELD is a simple, and easy-to-use application, much like normal online banking with all the heavy lifting performed by our portfolio team at the backend.
In short, we make DeFi accessible to anyone thanks to our intuitive app and web platform, where users simply deposit crypto or traditional currencies and select the investment plan that suits them best. Operating under a banking license, we offer insured and innovative financial products managed by a team with years of experience in FinTech and cybersecurity. This ensures that our users always feel comfortable earning with us. At the core of our strategy, our YLD token allows for transparent governance, rewards loyal community members, and supports social impact initiatives.
Grunt | Titans Ventures:
Q2: @daskay8
Are you a global project or local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners? Can anybody anywhere use this project without Any restrictions?
Tim YIELD:
As of this time, we want to focus on European countries, Canada, India, China and other South East Asian markets. We plan to continue these strong partnerships with different KOLs, influencers and communities to share YIELD to the world đ
As for the legal aspects, we canât provide specific legal advice as YIELD app, so we suggest to check your own legal counsel and DYOR. We also have a list of restricted countries: https://support.yield.app/hc/en-us/articles/360016480678-In-which-countries-is-YIELD-App-available-
Grunt | Titans Ventures:
Q3: @thanhthaospa
We all know that the YIELD token is a very outstanding token,
you have made a lot of comments about it, but why not join this token in one of the worldâs largest companies ?, how safe are we to invest in it?
How acceptable is its future position??
Justin YIELD:
The community has understood that from MVP launch weâve provided a unique DeFi investment product. We are making it easy to put money/crypto on YIELD App and it will essentially be invested in dozens of high yielding and safe DeFi products through us. Invest as little as $100 or 0.1ETH on the platform. We aggregate your investment to maximize your returns and make DeFi easy, simple.
Through us, eliminate the high gas fees, we have a team full time analyzing, auditing smart contracts, and searching for the best yielding opportunities.
We take safety extremely seriously to that end, we have brought in some very experienced security consultants and developers, and we put all protocols that we use through a rigorous audit process ourselves. By putting some smarts around Defi, we bring the best of traditional standard operating procedures and regulatory compliance to a burgeoning new industry. Risks can be mitigated, but not eliminated. We go through throughout audits and work hard to keep your funds safe.
Grunt | Titans Ventures:
Q4: @auvantam1
DEFI is evolving too fast and the ability to break is very high. What do you think about this and can you be sure that Yieldâs products will be demand in the long term? What is Yield planning to contribute to DeFiâs growth?
Tim YIELD:
I think DeFi is just new just new, many long standing funds and traditional capital are learning DeFi, while the trail blazers are building and doing big things. Institutions will be coming, but it will be slow. Once we pass $100B TVL they will begin to come in. We know YIELD is for the long haul because we understand the industry. DeFi is part of a financial evolution, but its complicated and the barrier to entry is high. We make it easy and safe to invest into DeFi.
Grunt | Titans Ventures:
Q5: @filloilafill
If the investment funds provided by YIELDapp âdo not depend on unstable national currencies or pure speculationâ, what do they really depend on? only of the value that your native token can acquire in the market?
Jan YIELD:
Put simply, we will be chain agnostic. As we grow we will move more strategies from our sandbox over to our portfolio products. For the launch and protection of our users, we will start with one foot in front of the other. Weâre building IP in our service delivery model by putting together a front-end simple application that is familiar to everyone. At the backend, we have a team of analysts, quants, portfolio managers, and developers that are building an automated allocation, analysis, and secure portfolio management suite that doesnât exist today but is designed to maximize opportunity regardless of the pools and farms we interact with.
Justin YIELD:
The YLD token is very relevant for the YIELD ecosystem and the investment funds rely not on it but on the different mentioned DeFi strategies. The product is what we are focused on and the token should follow all the work done so far and planned for this coming Q2 and EOY.
âĄď¸Part 3: Free asking (5 best questions)
Q1: @Bullkq
Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?
A:
This is a nice question. Initially we target crypto newbies hence our easy to use platform. But as we continue to explore, we also cater to apes in the industry given our high APY in our products. I would say We appeal to both types of users.
Q2: @Namngu1
Blockchain doesnât mean decentralization yet. What is the level of decentralization in #YIELDApp and where is user funds stored?
A:
We are a CeFi for DeFi company. We are a safe and regulated FinTech company that offers safe investments in Decentralized Finance.
Q3: @fumamia
Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
A:
We have identified critical systems and will continue to stress-test these alongside market-related technology security scenarios to mitigate and remove points of failure across our operating environment, including DeFi instruments held in our portfolios. We are building in-house technology solutions and employing industry-leading experts in their fields; data security consultants supported by our various oversight, enterprise, and risk management committees and frameworks themselves adopted from traditional funds and capital markets best practices. YIELD has a core team of experts, our âPortfolio Managersâ who work closely with our technology, risk, and software engineering teams who are developing proprietary automated portfolio allocation and portfolio management tools for safely accessing a fast-expanding DeFi ecosystem. Also we are working with some of the top smart contract auditors in this space.
Q4: @lapouy
Iâve seen many projects offering their farming goodies, without clear use cases. How can YIELD stand out from these projects? What is its real use case and why would it be a long term investment?
A:
One major area is our team. We have built very successful companies and financial institutions before. The other is our approach. We are licensed, insured, and are building a platform to offer clients a secure place to allow their money to grow. Unlike many crypto companies which are annonymous or not building companies that are compliant from day 1.
We run a managed fund to invest into DeFi. We encourage new DeFi projects coming all the time and we invest into them and earn returns for our clients. All of our investments are audited and trusted from smart contract auding to business logic.
Q5: @Vinhz72
Many projects offer farming services without clear use cases. What is the use case of Yield app and how is its farming feature sustainable long term?
A:
YIELD App gives everyone access to DeFiâs yields, making it easy for everyone to earn high yields on a safe and easy to use environment while bridging the gap between crypto and traditional finance.
Thank you for the support and enthusiastic participation of the community!
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