Review on Yield by Joseph Bello

Name: Yield
Item: Yield
Rating: 5

May 12, 2021

If You Never Liked The Idea Of Taking Loans You Need To Check This Project Out

Yield is a blockchain project established to allow people to either lend or borrow virtual assets in this case. You can either lend or borrow by stating precisely the amount, duration and interest rate at which you want to lend or borrow as the case maybe. From my verdict I perceive the founder and developers behind the project has a vast knowledge about the financial sector as they were able to tackle some real life problems that arises during lending and borrowing of valuables/assets. Outside the blockchain when a loan is given out by the lender to the borrower it is a common trend that the lender always ends up making more profit while the borrower ends up paying more after he/she might have paid back the money they initially borrowed alongside some interest,this is the point where Yield comes in, Yield ensures that the lender makes his/her profits just as it is outside the blockchain terrains but at they same time they put the borrowers into consideration by allowing them to pay less and they even get some YLD (Yield's native coin) for paying back the loan before the stipulated time given to them to pay back. They also ensure total transparency as both the lender and borrower already know the precise amount they are taking and paying back respectively after the loan time expires. The project is excellent and it's has only a few strong competitors in the market at the moment, which is also the reason behind the good market value of it's token that's is being sold for over $50 and what more would we have expected from a project with with such a realistic solution to real-life problems.﻿
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