Review on Yield by Pedro O. Alvino M.
Fixed-rate loan services.
Project constituted as Dapps for loans in the Ethereum chain, provides a different system to other loan projects that focus on a money market, which to a large extent has limitations of control funds by the lender since it must send said loans to a fund group where it is used as a fund for the borrowers, given this the Yield project designed in a way that the lender can have some control of his funds and set interest rates between 2% and 12.5%.
The advantages it offers for borrowers is the YLD token incentive since it allows them to obtain up to 350 YLD for each successful loan, in addition, thanks to its fixed rate system, it solves the problems of calculating fluctuating rates that they generate in other projects of loan services.
Being designed as Dapp, it is compatible with several wallets with a browser included such as MetaMask on desktop and Trust Wallet for mobile devices, however the problem here is the fees that the network implies given that being based on the Ethereum chain the simple In fact, sending a minimum amount in the Ethereum network has a great network cost, so this project must look for alternative chains to solve this problem.
Pros
- It has P2P fixed rate loan services with incentives.
- The YLD token burn system controls token inflation in the market.
- Offers a fee discount to borrowers for blocking YLD tokens.
- Designed as Dapps compatible with various mobile and desktop wallets.
Cons
- Very low availability of the YLD token on exchanges.
- It has broad competitors in the market.
- Being based on the Ethereum chain, the cost of high fees can be a problem.
