Yieldly announces strategic alliance with MEXC Global to become first launchpad for ASA tokens

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.  

Partnership to extend to ETH, MATIC, Binance ecosystems

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. 

Yieldly staking pool partners will access top listing and investment offers

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:

MEXC Global: Setting incubation service standards

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: