1/6 I’ve bought a Y project built from scratch with an OG dev. Ladies and gentlemen I bring you $YELD.

Long term hold. The $YELD dApp beta will be re-released hopefully this week. No major issues in testing. $8M MC ~47K circ.

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2/6 You burn supply and earn YELD for staking stablecoins. Sounds like a dream. That’s what $YFI is missing, both excel in their own right but right now I’m seeing a massive future for $YELD.

$YELD will burn down to a MAX supply of 10K. This is insane all while earning YELD/ETH

3/6 Who’s the $YELD dev?

Absolute OG, Merunas. He was releasing tutorials how to become an ETH dev. The algos he has created that control the ETH buy and burn are groundbreaking. Just writing this tweet makes me bullish. https://www.youtube.com/channel/UCJInIwgW1duAEnMHHxDK7XQ

4/6 How will it work?

$YELD use a new Buy and Burn algorithm where they split the daily yield generated by users in half to automatically buy ETH and exchange it for YELD tokens on Uniswap. Those YELD tokens are burned to reduce the total supply.

5/6 ALSO. The requirement to hold a portion of YELD when staking stablecoins creates another use case for $YELD which makes it more desirable to purchase and hold, and therefore more likely to increase in value.

6/6 NOTE: There was an exploit in the contract. The dev fixed the bug and returned all the $YELD that people lost. Almost $1M refunded. YELD were running a testing bounty.. almost 50 people have been testing the dApp for ~2 weeks. No issues have been found thus far.