Introduction to Yeeldx

a Decentralized, Multichain Yield Optimizer

What is Yeeldx?

Yeeldx is a decentralized finance (DeFi) yield optimizer project that enables users to earn more cryptocurrency through their crypto holdings. Its permissionless and trustless nature means anyone with a supported wallet can interact with the platform without intermediaries. Yeeldx provides users with a simple and secure way to earn yields on their crypto assets through smart contracts and various investment strategies. It maximizes user rewards from liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities within the DeFi ecosystem. This eliminates the need for manual interventions and makes yield optimization more accessible to all.

It offers yield optimizing vaults on yield farms across various DeFi protocols, catering to different risk tolerances, from stable coin vaults to high-risk "degen" vaults. With the development of a robo advisor, Yeeldx is also making onboarding for non-DeFi investors simple and hassle-free.

The team behind Yeeldx is highly experienced and inspired by yield optimization projects developed on the Ethereum network. They are strong believers in the idea of "Don't Trust, Verify" and prioritize transparency. The governance token distribution contracts are open for anyone to verify, ensuring that everything functions as intended. Yeeldx offers complex strategies that are easy for any investor to take part in through its Vault offerings. The first Vault, Tricrypto Vault, went live on the Arbitrum Layer-2 Chain in December 2022. It plans to expand to several more DeFi pools and to over 15 blockchains, to establish itself as a multichain yield optimizer.

What makes Yeeldx unique?

What sets Yeeldx apart from other yield optimizers is its focus on safety, which is its top priority. Every Vault has to pass a stringent set of SAFU rules before its release. Yeeldx distributes platform revenue back to those who stake its multiutility token, YEELD, providing them with a revenue share in Yeeldx. The project has a robust governance system built around YEELD, putting decision-making power in the hands of those invested in the project. Yeeldx also has talented and industry-leading smart contract developers who carefully test and review the vaults, investment strategies, and new platforms before releasing them to the public. The project is constantly encouraging developers to contribute and engage to make Yeeldx an even better product.

Yeeldx is a flexible platform that operates on various blockchains, offering unique strategies that other yield optimizers lack. It has many recognized partners, providing the project with credibility and enhancing overall trust.

Optimizing Yields on Fast Chains

Yield optimizers on fast and affordable blockchains present different challenges and opportunities. On Ethereum, with high gas fees, focus is on gas savings and pooling funds. On chains with lower fees, focus shifts to optimizing automation for maximum yields. This enables more complex strategies and frequent rebalances.

Through automation, we offer a simple way for investors to interact with yield opportunities without constant decision-making. This levels the playing field for small investors, who can access the same opportunities as whales and full-time yield farmers on Ethereum.

Our goal is to aid DeFi projects in growing together by providing auditing and organizing hackathons for new strategies on the platform, all coordinated by the community and holders of the governance token YEELD.