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Constellation will allow Lattice users to invest securely into YIELD App without exiting their platform.
YIELD App and the Constellation Network are joining forces to give the latter’s crypto exchange users direct access to high-yielding DeFi products.
Announced today, the collaboration will enable users of Constellation-powered platform, Lattice Exchange, to earn as much as 20% annual percentage yield (APY) on cryptocurrency’s second-biggest asset, Ether. The statement further notes that Lattice clients can also earn high-interest returns on their stablecoin holdings, including USDT and USDC, as well as the YLD token.
Lattice is a decentralized finance (DeFi) platform that connects several blockchain networks, which allows users to transfer different cryptocurrencies between multiple ecosystems. The self-described cross-chain swapping platform helps crypto investors capitalize on DeFi’s opportunities through unlocking new yield options for their parked assets, but without navigating a sea of complex protocols.
Additionally, Constellation Network leverages the partnership with YIELD App to strengthen the adoption of its Stargazer Wallet, having opened up direct access to passive income opportunities for hodlers of its native token, DAG.
YIELD App Onboards 10,000 Users
As part of the partnership, YIELD App will also be integrated into the Constellation Network ecosystem. Specifically, it will provide treasury management solutions for L_0 applications and token projects built on Constellation’s Hypergraph, a ledger based on Directed Acyclic Graph (DAG) architecture.
"DeFi is one of most promising new frontiers for the crypto space, and we cannot be more excited about partnering with YIELD App to bring new opportunities in this field to the Constellation ecosystem,” said Mathias Goldmann, Co-Founder and COO of Constellation Network.
Constellation touted other benefits for its teamwork with the DeFi wealth management platform, which will also contribute liquidity to liquidity pools on Lattice Exchange. In addition to offering a gateway for users to benefit from DeFi’s high-interest yields while keeping their funds secure, it also enables developers to easily manage their assets and focus on constructing hyper-scalable applications.
The YIELD App’s new integration comes shortly after it rolled out its web platform and also follows a successful fundraising of nearly $5 million in a hybrid fund. To date, the DeFi investment platform has onboarded more than 10,000 users.
DeFi Should Be on Your Radar
DeFi’s surging popularity should not be overlooked as crypto investors and traders are taking a closer look at alternative tokens. Most interestingly, many DeFi tokens enjoyed double-digit gains this week even as bitcoin’s momentum was cooling, giving other crypto assets some room to breathe.
Growing demand in this area has been also credited as one of major forces fueling the restless rises in cryptocurrencies prices. DeFi coins have followed in lockstep with its total value climbing to more than $63 billion as of writing, according to Index Coop.
“Constellation and Lattice are pushing the envelope on fast and scalable technologies for digital entrepreneurs YIELD App is innovating on digital finance for retail and company customers. By working with YIELD App we bring new exciting opportunities to the Constellation ecosystem,” added Goldmann.