Yield+ brings a completely new scenario to earn yield and carry out trading. This creates a situation wherein the collateral gets a boost, and it becomes possible for a user to earn interest while trading.
To better understand Yield+, it is basically the latest feature that provides the opportunity for traders to be able to earn yield with the help of a sole asset and, at the same time, utilize every asset in the form of an edge toward trading of perpetual features. Yield+, together with Perp’s multi-collateral function, helps in opening the doors for providing a far better experience for traders in terms of versatility.
1/ Introducing Yield+
🔁 Trade and Earn Interest Simultaneously💰
Sign up at https://t.co/MNOU5Iha2n to be one of the first to try it out when we launch! pic.twitter.com/fqo57b2LxT
— Perpetual Protocol (=ↀωↀ=) (@perpprotocol) June 21, 2023
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Yield+ has been duly created on top of Yearn’s vaults which exist on Optimism. Through this, it becomes possible for traders to be in a position of being capable of earning interest from their ETH, as well as USDT and USDC. They also have the option of utilizing their farming positioning in the form of an edge to carry out the trading of crypto with leverage.
In exchange for making deposits to Yield+, a user will come in for a few yield-holding tokens. In turn, it becomes possible for these very yield-holding tokens to be effectively utilized as an edge make space in every one of the crypto markets numbering eighteen, and which exist on Perp. Even in the case of collateral remaining dormant, one will remain in the position of obtaining a return that will come from Yearn’s vault system. In this scenario, there is no requirement to shift one’s tokens when there is a lack of space, or for that matter, any kind of trading options.
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There are multiple advantages that come with Yield+, such as the fact that it is possible to obtain interest and, at the same time, carry out trading. Then there is the factor of manageable APR which comes with no fee charge. Every user is able to connect with yield. There is an extremely less risky aspect involved. The highlighting feature, however, is the fact that the pricing of shares only increases. Last but not least, there is the facility provided for immediate withdrawal, and it comes without any kind of lock time whatsoever.
