DeFi News

Constellation Network and YIELD App Form Strategic Partnership

TL;DR Breakdown

  • YIELD App and Constellation network partners to facilitate access to DeFi by crypto users.
  • This will present more opportunities for crypto investors and developers alike.
  • YIELD App will manage liquidity for Layer-0 apps.

Constellation network partners with YIELD App

Constellation network and YIELD App are both protocols aiming to push the frontiers of access to DeFi investments. On the 18th of March, the two networks entered a strategic relationship to provide retail investors with more opportunities in the DeFi space. This will help strengthen access to decentralized finance by crypto users.

The integration will allow users of Lattice Exchange to benefit from unmatchable earning opportunities available through YIELD App. Lattice Exchange is a DeFi platform built using Ethereum and Constellation’s Hypergraph Transfer Protocol (HGTP). Constellation ecosystem enables secure cross-chain communication between DeFi apps.

YIELD App is a DeFi platform that provides access to high-yielding investment opportunities. It also offers a secure environment for users to earn more through yield farming. The platform users can earn as high as 20% APY (Annual Performance Yields).

YIELD App to provide liquidity on Constellation network

The partnership will make it possible for YIELD App to extend its finest features to the Constellation ecosystem. With YIELD App partnering with Constellation, it will provide users with competitive APYs. This makes it possible for Lattice users to enjoy the best of both worlds.

As per this new update, developers will be able to build scalable DeFi apps with access to the liquidity provided by the YIELD App. The co-founder and CEO of Constellation network said that the partnership will present more opportunities in the constellation ecosystem. Yield App added that it is going to manage liquidity for layer-0 DeFi applications and tokens running on Constellation’s Hypergraph.

The Constellation Hypergraph is a feeless distributed network that allows users to develop scalable apps and mint tokens. Developers can leverage the liquidity YIELD App offers, combined with the speed and security of the Constellation network to provide better earning alternatives for users.

This post was last modified on April 14, 2021 5:22 am

Kamsi King

King Kamsi is a fintech and digital currency writer and enthusiast. He is keenly interested in blockchain and cryptocurrency and their global adoption. When not busy with writing, he can be found hobnobbing in forums with the best minds in crypto, both developers and startup founders.

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