Countdown to the Start of the Yield+ Incentive Program

  • The start of the Yield+ Incentive program is a significant accomplishment.
  • The registration opens on august 14th.
  • Rewards for TVL will begin to be offered on the 28th of August.

Many have been surprised by the speed with which the Yield+ Incentive Program has been delivered after months of devoted labor, starting with the study and proposal and continuing through the publication of the Blue Paper.

EOS Nation, Greymass, UX Network, Defibox, Joe Louis, Pizza DeFi, and EOS Asia were the founding members of this program’s Working Group, which was funded by the EOS Network Foundation (ENF). The major objective of this group has been to enhance the EOS DeFi ecosystem by identifying methods to raise EOS’ on-chain Total Value Locked (TVL) and developing many on-chain options for yield.

These initiatives culminated in the Yield+ Incentive Program, which will encourage economic growth for EOS through liquidity and financial incentives. By locking up their tokens to receive daily incentives at a recommended rate of 5%, DeFi protocols (dApps) are encouraged to supply liquidity to the EOS network (annualized).

The launch of the Yield+ Incentive program marks a major milestone that increases opportunities for dApp developers to be rewarded, and EOS users to earn a yield on the EOS mainnet. A method that directly measures and rewards increased economic activity on EOS can attract and retain an interest in the entire ecosystem, and the Yield+ team is about to deliver on that goal!

EOS Network Foundation

EOS and USDT will be the sole tokens taken into account for total value locked (TVL) calculations during the program’s initial phase. For DeFi protocols (dApps) who want to take part in the EOS liquidity provision, there will be a two-week registration period starting on August 14. After that, on August 28, daily incentives will start for all DeFi protocols that fulfill the minimum TVL criteria.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer