What Is Yield (YLD) ?

Yield is a P2P, non-custodial lending dapp that, unlike others, also incentivizes borrowers for successfully managing a loan to term. What that means is if you borrow on Yield and pay back on time, you're eligible to claim a proportionate amount of YLD tokens similar to how a lender gets interest in return.

YLD is an ERC-20 token that is used for:

*cutting 25% off their user fees
*increasing the YLD per loan borrowers can claim
*reducing the collateral liquidation ratios (the difference between active and defaulted is often less than a percent)
*100% of the fees on the platform are used to buyback and burn the token


How Many YLD Coins Are There in Circulation?
 
At the time of writing, the supply of YLD stands at 617,650, with only 171,795 YLD circulating. 
350,000 YLD is allocated for the team, liquidity mining, bounties, marketing and more.


YLD is a dynamic supply token, there is no cap. Bar some unforeseen event the incentive system is indefinite. Borrowers will always be rewarded for repaying their loans by minting YLD. That's how the supply increases in the long term. 

In future versions, if and when undercollaterized or at least parity lending enters the picture, lenders will be able to do so too. 100% of the fees on the platform are used to buy back and burn YLD. That's how the supply is reduced. 

Who Are the Founders of Yield?

It's a community pseudo-fork of a project from 2017 that never got launched. A pseudo-fork because the project, Elixir (ELIX), didn't have any actual open-source code to fork so it had to built from scratch. Never launched because, despite (or perhaps because of) its noble beginnings, it was ahead of its time for defi to catch on and later lost its way. 
There is no startup, VC, company, or some-such behind Yield, just a community of some the earliest Elix backers, and others that joined along the way, that didn't want to see a good idea go to waste.

A pseudonymous entity known as Coiner_ is at the forefront of this effort

Where Can I Buy Yield (YLD)?

Yield (YLD) is available to trade on Uniswap pools

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