Yieldly will accelerate mainstream adoption, becoming the first vertically integrated listing, NFTs, and staking launchpad for Algorand (ALGO/USD) Standard Assets tokens. Yieldly is set to become the source of growth, liquidity, and interoperability across all ASA projects and communities. Yieldly has processed more than 750,000 transactions with more than $100 million in total volume locked.  

The partnership between Yieldly and MEXC Global, a leading centralised exchange that boasts more than $500 million in daily trading volume and an estimated 6 million active users, will also take advantage of the platform’s cross-chain bridge to Binance Smart Chain (BNB/USD), Polygon (MATIC/USD), Ethereum (ETH/USD), and other external DeFi ecosystems, enhancing liquidity and fostering adoption. 

The partnership will help increase the reach of Algorand blockchain projects in the crypto space and raise funds. Yieldly’s staking pool partners will be able to access top-quality listing and investments from Yieldly and MEXC Global. The initiative is aligned with Algorand’s vision of revolutionizing finance. As they pointed out in a blog post:

“Algorand has been praised for its accessibility and is already used by a range of industry leaders for applications as diverse as microfinance, asset issuance, and identity verification. The financial sector and the way we do business are changing rapidly. By embracing the change, you have the opportunity to be a part of building a better future.” 

MEXC is making its mark on IEOs, incubation services, and ecosystem acceleration. The global company partnered with Avalaunch, a novel launchpad creating equitable opportunities for projects on Avalanche (AVAX/USD). The partnership harnesses MEXC’s substantial liquidity to provide startups with sufficient resources to enter the larger DeFi ecosystem.

Yieldly and MEXC Global will leverage their platforms by building foundational relationships with early-stage ASA projects. Among the projects to be onboarded are cross-chain bridges, NFT gamification, and dynamic staking pools. 

CEO of Yieldly, Sebastian Quinn, is delighted about the partnership:

“We couldn’t be more excited in this collaboration with MEXC, which will help to enhance the current Yieldly ecosystem. The MEXC team has been fantastic to us and has shown a real passion for learning about the technology and people that makes Yieldly so attractive. As an accelerator in the DeFi space, we take this interest very seriously. By combining forces, and with the help of MEXC’s impressive influence, we can spread awareness and support of Yieldly’s products and opportunities.”

The post Yieldly announces strategic alliance with MEXC Global to become first launchpad for ASA tokens appeared first on Invezz.

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