We are excited to announce the most significant changes to the Defi YAP product since launch aimed at bringing our investors long-term asset growth and sustainable passive incomes.
Out with the old and in with the new
With the recent token delistings from the Midas platform, we chose this opportunity to refresh the Defi YAP product.
Out: UNI, AAVE, SNX and SUSHI
In: FTM, AVAX, BNB and CVX
After these changes, the new Defi YAP now includes ETH, LINK, MIDAS, FTM, AVAX, BNB, CVX and DAI on an equal 12.5% split for each of the eight tokens.
This change comes in to effect immediately. All outgoing assets have been liquidated and the purchase of underlying assets for the new tokens has been completed. From this point, the price of the Defi YAP token will reflect the markets of the updated collection of tokens.
APY changed
A lot has changed in the Defi space since the launch of Defi YAP with 28% APY. The yields that can be generated have generally lowered as the Defi space has matured and considering the introduction of new tokens, a change of APY is required.
Based on these changes and reflecting outside Defi yields, DEFI YAP APY will be updated to 21% APY. This change will be made immediately on the platform and future payouts will reflect this new APY structure.
