On January 15th 2021, our community had a chance to welcome Mr. Tim Frost – CEO & Project Lead, Mr. Jan Strandberg  – Growth and Marketing Lead, Mr. Justin Wright –CFO & COO to join in an AMA to give fruitful information about the key features and roadmap of YIELD project. 
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA session, three representatives of YIELD team went live to greet the community and introduce in detail YIELD project – a licensed and regulated FinTech company that enables anyone to invest in decentralized finance regardless of their financial or technical knowledge. Their mission is to unlock the full potential of DeFi and make it available to the world!

Time: 08:00 PM (UTC + 7) on Friday, January 15th, 2021
Venue: https://t.me/CryptoFamilyGroup
Airdrop 100 in YLD Tokens for the best questions in the AMA.

Below are some main points of this AMA: 

PART I: INTRODUCTION OF YIELD PROJECT
Question 1: 1. First, could you please introduce your team and YIELD App? Tell me some advanced features that differentiate YIELD App from other DeFi projects.

Mr. Tim: I’d go first. Hi everone, I’m Tim. I have worked in Wirex, where I was part of the original team. I joined the team to run marketing, business development, and some operations. I then left Wirex (3.5 million clients) to start a consulting firm in 2016. I worked closely with Paxful and QTUM during this time. I spent a few months in office in Shanghai to help launch the ICO in early 2017. I also work with AntShares and my firm ran marketing and PR for AntShares in western markets before they rebranded to NEO.

So with all the companies, its a variety of ways I worked with them. Marketing, PR, operations, business development. I then joined EQIBank and helped them acquire a banking license and took them to market. The bank is now in process of a public listing event in Canada. I wanted to get really involved in crypto FinTech and in June I founded YIELD.app and have been building this company for the last months and preparing to take it to market.

Mr. Jan: Hey everyone, I have been a growth hacker and digital nomad for more than 10+ years and leading the growth at YIELD. I’ve helped successfully scale-up companies in the sphere and I was the head of marketing at Paxful, now the largest P2P marketplace worldwide. I’ve scaled up Paxful from 50 000 users to more than 4.5 million and from revenue perspective from 100k$ USD to 45 million USD weekly.

Mr. Justin: Hi, I have spent most of my career in capital markets and fund management before moving over to FinTech, this is my first venture in the crypto space. I have spent the last 6 years building out Beehive P2P, the largest SME P2P lender in the Middle East and having been introduced to DeFi by Tim and seeing the potential to really take crypto to the mainstream, I jumped at the chance to be part of the founding team @YIELDapp

CF: Thanks for the detailed introduction of the team. Please tell me some outstanding features of your project.
 

Mr. Justin: From MVP launch we are offering 1 DeFi investment product. We are making it easy to put money on YIELD App and your crypto will essentially be invested in dozens of high yielding and safe DeFi products through us. Invest as little as $100 on the platform. We aggregate your investment to maximize your returns and make DeFi easy, simple. Through us, eliminate the high gas fees, we have a team full time analyzing, auditing smart contracts, and searching for the best yielding opportunities.

Mr. Jan: YIELD is a simple, and easy-to-use application, much like normal online banking with all the heavy lifting performed by our portfolio team at the backend.

In short, we make DeFi accessible to anyone thanks to our intuitive app and web platform, where users simply deposit crypto or traditional currencies and select the investment plan that suits them best. Operating under a banking license, we offer insured and innovative financial products managed by a team with years of experience in FinTech and cybersecurity. This ensures that our users always feel comfortable earning with us. At the core of our strategy, our YLD token allows for transparent governance, rewards loyal community members, and supports social impact initiatives.

Mr. Tim: Well quite simply no traditional bank will be able to pay you daily APY which is powered by DeFi. We offer our clients a guaranteed minimum of 12% APY while many traditional banks are offering negative interest rates.

We offer our own token which is a ERC-20 utility token that offers several benefits to its holders.
We also offer YIELD accounts that let our customers benefit from high APY. We offer much higher APY than any other bank. Why have your money laying around in an account where you only get minus rates?

Question 2: Please share with us some achievements, as well as big partners YIELD App has been collaborating with during its development period.

Mr. Tim: To expoung my answer earlier, YIELD is a licensed and regulated FinTech company that enables anyone to invest in decentralized finance with the touch of a button! Offering an intuitive app and web platform, users around the world can start earning up to 20% APY through our DeFi strategies on the backend, earning returns from DeFi products without having to go through a lengthy, complex, and often costly learning process. We offer transparent governance through our YLD token. Our goal is to go beyond DeFi and provide a more rewarding digital banking experience, where people can easily earn interest on any currency and spend their earnings using our physical debit card, without ever having to think about crypto.

We are backed by:
https://www.alphabit.fund/
https://bnktothefuture.com/
https://digistrats.com/
https://www.palcapital.com/
https://www.yeomans.capital/
https://chronosvc.com/
David Johnston (Factom)
Trevor Koverko (Polymath)
Eric Gu (Metaverse)
Tim Bos (Sharing)
Dustin Byington (Wanchain)
DuckDAO
Michael Terpin
Jeff Kirdeikis
TrustSwap

Mr. Jan: Some of our biggest achievements include a successful presale and main round with TrustSwap, Bnktothefuture, and some private investors. We’ve actually recently sent out the 2nd batch of tokens to our YIELDERS just yesterday.

This year, we are slowly beta testing and rolling out our web platform. We are also in talks with several tier 1 & 2 exchanges so our platform can be available to more people. As of this time, you can find us on Coingecko, BitMax, and Uniswap.

Mr. Justin: We’ve achieved so much in such short time since we started middle of last year. I would like to suggest to read our latest blog to have an overview of what’s coming ahead
https://www.yield.app/post/yield-app-accelerates-its-mission-toward-defi-banking-in-your-pocket

Question 3: I see YIELD App has started some promotional campagins in Vietnamese market. Are there any upcoming plans or hot events to attract more Vietnamese users in this new year?

Mr. Justin: We want DeFi to be accessible for everyone. We aim to support fiat gateways in South East Asia in Q2 2021. We plan to open eventually to all markets but our main focus will be South East Asia and Europe. 
You are all welcome to join us at yield.app.

Mr. Jan: Well, we have the amazing @VANQUANBTC to thank for kickstarting our community and AMA events. This year, we plan to partner with more KOLs, groups, and exchanges specific to the Vietnamese market. We might need more team members here too to localize the web platform in your native language 🇻🇳 We wanted to have in person events to meet you all in person, but things are still a bit shaky in the world. We’ll keep finding ways to connect to you guys digitally.

Mr. Tim: We are doing this a few way. We are now building a large and active community. We have many programs that anyone can earn YLD and share in the success. Jan and our team have big plans to build local and regional marketing plans.

CF: The project has a great plan. Looking forward to more and more promotional campaigns to bring this platform to a larger number of users.

PART 2: BEST QUESTIONS FROM GOOGLE FORM AND TWITTER
CF: I believe all the members here would love to learn more about YIELD, and they have many questions submitted to our Google form and Twitter today. After careful consideration, I decided to choose 5 best questions for YIELD team to answer directly in CryptoFamily Group.

Question 1 is from Google form.
The DEFI space is very young and is changing rapidly. My question is, how flexible are your tools to adapt to changes in the DEFI crypto space? How do you make #YIELD pupular ? @CryptoFreed0mm

Mr. Justin: We are managing investments on behalf of our users. Our first fund will be $ neutral and stable coin backed. We are coding dynamic hedging tools in our proprietary portfolio management system to introduce dynamic hedging against impermanent loss for future product capabilities alongside funding rate arbitrage amongst other automated approaches to the rapidly evolving opportunities growing in the DeFi ecosystem. The first product is a low-risk minimum APY % guaranteed.

Mr. Tim: DeFi is the natural progression that Bitcoin kickstarted for a more efficient financial system, inclusive indeed. With the experience of the team, we are well prepared to adapt to the changes and provide the best banking experience through YIELD.APP. We are evolving daily our strategies and continue to build out our tools.

Question 2 from the form:
As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for the YILED platform? How to ensure the safety of customer assets? @jeckkawis

Mr. Justin: Transparency, trust, and ease of use. We are creating a neobank for our customers built around the DeFi asset class to create superior returns, a frictionless customer experience and continuously evolving products that are useful without all the stress and cost you’d incur, if you tried to do it yourself.

Mr. Tim: We actually have one of the top Security teams in crypto and also our advisor board is full of smart contract experts. We do KYC for every user and this is to ensure that we can have a platform that is safe and doesn’t produce risk for other users.

Mr. Justin: We have insured wallets and custody with BitGo wallets. We also have a team with 24/7 monitoring of all investments with social and technical due diligence that is performed.

Mr. Jan: We have built a proprietary wallet to manage interactions with any protocol in which we are engaging in liquidity mining. It handle’s all the automation required for executing our yield farming strategies.

Question 3. $YLD token now is based on #Ethereum platform. But recently there are many problems concerning the transaction fee and scalability…
Why did you choose Ethereum over other Block chains? And how do you plan to solve these problems? @Minhlie

Mr. Justin: Put simply, we will be chain agnostic. As we grow we will move more strategies from our sandbox over to our portfolio products. For the launch and protection of our users, we will start with one foot in front of the other. We’re building IP in our service delivery model by putting together a front-end simple application that is familiar to everyone. At the backend, we have a team of analysts, quants, portfolio managers, and developers that are building an automated allocation, analysis, and secure portfolio management suite that doesn’t exist today but is designed to maximize opportunity regardless of the pools and farms we interact with.

Mr. Tim: Our token is issued on Ethereum to be compatible with major chains, however, for investment, we look at opportunities on all major blockchains.

Most of the protocols that we intend to use and invest in, are on Ethereum, so we saw it as a perfect fit. We will be doing crosschains in the future and also work with other blockchains. We hope that ETH 2.0 will solve some of the high gas issues and also the slowness.
Question 4 from twitter: What is the Your token utility in the ecosystem? Where it will be used and why would the demand for the token increase? Please tell us about your 2021 roadmap and beyond. @cudosinichi9

Mr. Tim: We have made a lot of recent updates and announcements. After some extensive consultation, we have updated the YLD token utility. You can review the updated token model here https://medium.com/@yieldapp/yield-launching-native-yld-token-5a48f2bb48ac

Question 5 from Twitter:
What are the rewards for long-time YLD holders in YIELD.app wallet? How can the project benefit investors in the long run? @ElsaTran7

Mr. Jan: For 2021, we hope to launch our web platform and mobile apps. We’ll also be working on fiat on ramps and adding more crypto like ETH and BTC to the platform 😉 stay tuned on @YIELD_VN for the latest updates!

Mr. Justin: Everyone who holds YLD will benefit from the growth and the expanded utility of the token and platform. We make it easy to earn YLD in many ways. Just put coins on the platform, invest, or hodl YLD to earn more YLD.

CF: That’s the end of Part 2 in this AMA. All of the members here have gathered enough useful information, also they have many questions to raise for YIELD team today.

 

PART 3: BEST LIVE-QUESTIONS IN CRYPTOFAMILY GROUP
Question 1: Any partner who has a big influence in the development of the YELD project?

Mr. Justin: Thank you for your question. We are targeting a global audience from day one, already working with and continuing to build out alliances with other professional actors in the DeFi space. Some of these are technology-led, all of them are knowledge-driven with the aim of constant improvement and to pass the benefits back to our customers.

Question 2: Participate with the Click of a Button with YIELD. Is this truly achievable and if yes, how do you do it like non-tech elderly people can use it too?

Mr. Justin: This is exactly the reasons we are building YIELD APP. DeFi is complex, high gas fees, and a lot of fraud. We aggregate funds and can invest and earn high yields where its impossible to replicate our strategies without large sums of capital. We want DeFi to be accessible for everyone.

Question 3: Trust is very important in business. So, what makes investors, customers and users feel safe when working with Your project? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?Trust is very important in business. So, what makes investors, customers and users feel safe when working with Your project? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?

Mr. Tim: Transparency, consistency, and good communication. There is no shortcut and this is my 3rd digital bank. My first 2 are very successful and there is a formula we follow to build trust and earn client deposits and investment.

Question 4: Will Yield App also have a Lite Version?

Mr. Justin: It isn’t planned. DevOps will analyze this option if it can benefit the end users and the ease-of-use UI/UX we have in mind. Thank you.

Question 5: 90% of your Net Platform Fees generated on YIELD are transferred into the YLD Insurance Fund… Can you explain what this funds will specifically be used for…and what cases this insurance funds cover for?

Mr. Tim: We are insuring the platform 2 ways. One is we have insured wallets and custody from BitGo. The second is we are taking a percentage of revenue generated and aggregating this into an insurance pool. This pool will be used in case of needs to cover any potential losed. Eventually this will become an reinsurance product.

This week we are modifying our utility of YLD after feedback from legal council. We will provide users with an APY boost guarentee from 12% to 20% by holding YLD.

CF: We are so excited to hear more about this quality project. But I am afraid the time is up now, so we must finish our AMA session. For all of the questions that have not been answered yet, feel free to search for more information on the links provided below:

Website: https://www.yield.app/
Reddit: https://www.reddit.com/r/Yield_App/
Telegram: t.me/yieldapp
Telegram Vietnam: t.me/YIELD_VN
Twitter: https://twitter.com/YIELDapp
Facebook: https://www.facebook.com/Yieldapp

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