YIELDVAULT
Earn rewards effortlessly on popular cryptocurrencies.
YieldVault makes generating passive income simple and hassle-free. Available only on the Bake mobile app.
+2 more supported
WHY YIELDVAULT?
$65.8M
Total value in vaults
1.3M+
Users worldwide
~9.5%
Current highest APY
12h
Reward payout frequency
FEATURES OF OUR YIELDVAULT SERVICE
YieldVault is beginner-friendly service enabled by DeFi that allows you to easily earn rewards on today’s most popular crypto.
Put your crypto to work
Simply allocate your crypto and watch it generate rewards every 12 hours. It’s that easy.
Choose your rewards
Opt to earn the same crypto that you allocated, choose to receive rewards in Decentralized USD (DUSD) to earn higher yields.
Complete transparency
No black boxes here - you can track and verify all transactions and rewards on-chain. Head to our Transparency page to learn more.
Zero lockup
Redeem allocations and rewards at any time. You have total control over your assets.
HOW DOES YIELDVAULT WORK?
You can allocate several different types of crypto tokens, including BTC, ETH, USDC, USDT, DFI, DUSD and EUROC.
When you allocate your assets to YieldVault, they're moved into DeFiChain vaults on the DeFiChain protocol and used as collateral for users who take DUSD loans.
Rewards are generated by "minting" DUSD using negative interest rates. These rewards are either directly distributed back to you in DUSD or swapped for other crypto tokens.
Bake manages this entire process, so you don't have to do anything extra after you've allocated your funds.
You only need one type of token to start.
HOW TO GET STARTED
Allocate funds
To get started, simply allocate your preferred crypto into YieldVault.
FAQs
GOT A QUESTION?
What rewards do I get?
You may opt to earn the same crypto that you allocated (BTC, ETH etc.), or choose to receive rewards in Decentralized USD (DUSD) to earn higher yields.
What are the supported cryptocurrencies?
You may allocate Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), EURO Coin (EUROC), DeFiChain (DFI) and Decentralized USD (DUSD) tokens.
How are the rewards generated through the DeFiChain vaults?
Rewards through DeFiChain vaults are generated by depositing collateral, which allows for the minting of DUSD through negative interest rates. If you choose to receive rewards in the native token you deposited, the minted DUSD is swapped into that coin (e.g. DUSD to BTC or ETH) before being distributed to you. However, if you choose to receive rewards in DUSD, there is no swap and you earn a higher APY. Your deposited collateral is not used for lending or liquidity mining, so there are no counterparty or impermanent loss risks for you
How can I trust that my crypto assets are safe with YieldVault?
We understand the importance of keeping your crypto assets safe, which is why we provide full transparency on how we manage your funds. With YieldVault, you can track all transactions, rewards and other on-chain data on our Transparency page. We believe in trust through verification, which is why we make it easy for you to see exactly what's happening with your assets.
What fees are associated with YieldVault?
The APY and returns you see displayed are net of all fees. After allocating your funds into YieldVault, there are no hidden or additional fees. Bake takes a 15% commission on all rewards for YieldVault.
Can I withdraw my funds from YieldVault at any preferred time?
Yes, you can. There’s no lockup period.
Learn more
What are the risks of using YieldVault?
While YieldVault does not involve impermanent loss or counterparty risks, there are still some potential risks to be aware of. These include smart contract, protocol, and liquidation risks. Before investing in any cryptocurrency, it's important to do your own research (DYOR) to understand the potential risks associated with DeFi investments.
It's also important to note that YieldVault may be updated or changed in the future, depending on the status of negative interest rates from DUSD loans. This could result in a gradual reduction of yields or a shift to a different yield-generating mechanism. While we do not expect any changes in the near future, users should stay informed and exercise caution.
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