Market Rank | #5108 |
---|---|
Market Cap | $ 75.5K |
Volume 24h | $ 10.9K |
Circ. Supply | 71.4M |
Total Supply | 140.7M |
Max Supply | ? |
The current price of Yield Protocol (YIELD) is $ 0.00105655. Please note that cryptocurrency prices fluctuate constantly due to market dynamics and other key factors.
Yield Protocol is a decentralized finance (DeFi) platform that enables users to earn yields on their cryptocurrency investments. It functions on the Ethereum blockchain, allowing users to lend or borrow assets, engage in long or short strategies, and earn interest. The protocol's native cryptocurrency, YIELD, plays a pivotal role in maintaining the platform's overall functionality.
Unlike traditional cryptocurrencies, Yield Protocol stands out through its focus on DeFi applications and lending/borrowing services. It employs the Ethereum blockchain for smart contract execution, thus ensuring transparent and secure transactions. With YIELD, users gain access to a variety of financial instruments and yield strategies that are typically not available in traditional financial systems.
The Yield Protocol allows users to lend their assets and earn interest. Simultaneously, borrowers can take loans by providing collateral, ensuring a secure and robust lending system. These transactional operations are facilitated by the protocol's native crypto—YIELD.
Yield Protocol employs a number of security measures in line with standard industry practices. As a decentralized platform, its backbone is the Ethereum blockchain, which is renowned for its robust and secure mechanisms. In addition, smart contracts govern financial transactions on the platform for additional security and transparency.
The current circulating supply of Yield Protocol (YIELD) is 71.4M.
In the past 24 hours, the price of Yield Protocol (YIELD) has increased by +10.63%. As with any cryptocurrency, price variations for Yield Protocol are subject to market dynamics and investor sentiment.
The safest place to purchase Yield Protocol (YIELD) is on the listed Gate.io. These platforms are trusted and widely used in the cryptocurrency industry.
After purchasing Yield Protocol (YIELD), it is recommended you store them in a secure digital wallet. This can be an online, offline, mobile, or hardware wallet. Remember to ensure the chosen wallet supports Ethereum-based tokens, as YIELD is an ERC20 token.
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