Company Information

Get to know Yieldly

Launched in 2021, Yieldly was a pioneering DeFi project on the Algorand network, designed to provide a suite of tools for users to exchange value and earn rewards. Its flagship products included a No-Loss Prize Game (where users could stake assets for a chance to win a large prize pool while earning a base APY), multi-asset staking pools, and a cross-chain bridge connecting Algorand to other blockchains like Ethereum. The project gained significant traction, becoming the largest DeFi platform on Algorand for a time. However, in 2022, the protocol suffered a series of devastating exploits that led to major financial losses. Following these events, the development team ceased communication and development, effectively abandoning the project.

Industry

Crypto CryptocurrencyPRIMARY

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Yieldly

Singapore

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

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FSCA

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.