On Jan. 26, P2P lending Dapp Yield Credit (YLD) launched a new supply dashboard for users to keep track of the token’s dynamic supply.
- The YLD supply dashboard is a calculator that helps users monitor the token’s supply as it reacts to the project’s unique tokenomics model
- The team describes the tool as providing information on how each factor affects the YLD token’s supply, including average loan value, average interest rate, rate of default and the total number of loans
- Yield is a lending dapp that differs from similar platforms like Aave and Compound in that users do not join a pool for borrowing/lending services
- The dapp is heavily focused on incentivizing borrowers to use the platform through rewarding borrowers up to 350 YLD tokens for paying back their loans and preventing inflation through token burning
- Lenders and borrowers can both choose a fixed interest rate for individualized loans, with all of the fees used to buyback and burn YLD on the open market
- With beta testing nearly complete and a Yield Garden staking service available, the team expects the mainnet to launch within the next few weeks