The Blockchain space’s growth has continued to propel many of the protocols, platforms, and networks in the space to form a meaningful partnership, which is targeted at improving business on their end. However, a few of these partnerships have come from external bodies outside the crypto space, partnering with Blockchain technologies, in a bid to gain exposure into the booming space. The latest of these partnerships have just been announced by Constellation Network- a decentralized network that provides its client with significant data infrastructure and interoperability integration services, as they have partnered with DeFi Platform- YIELD to expose most of its client to the DeFi space.
Constellation Network users set to earn rewards
In the announcement by Constellation Network, it announced that its clients that use both the network’s Lattice Exchange and Stargazer Wallet will now be able to earn crypto yields on their crypto holdings on YIELD. YIELD App is one of the few DeFi platforms designed for both retail and institutional investors to help them earn passive income on their crypto assets. The idea behind the integration, as explained by Constellation, will give users of the network the possibility of pooling their crypto holdings for liquidity.
The users of both platforms on Constellation Network will now earn at least 20% annual yields on their crypto holdings which will be invested into YIELD. The available tokens for trading are ETH, USDT, USDC, and YLD, as other tokens’ availability will be made in the future. The partnership is also set to provide exposure into the DeFI space to many clients in Constellation Network’s portfolio.
The integration of YIELD into Constellation is also set to help Lattice Exchange manage its treasury services and provide business solutions for token projects built on Constellation’s Hypergraph. The users are also assured that they will get rewards for their participation in activities on the network, regardless of whether they stake or not.
Both partners are delighted at the new integration
Speaking to the press about the partnership, YIELD CEO Tim Frost has expressed his delight in assisting Constellation Network to provide DeFI exposure to its clients and exposing them to crypto rewards. Frost believes that Constellation and his firm’s ambitions are the same, as they both seek to tap into new business-oriented markets. Frost used the opportunity to pledge to Constellation Network that his firm will do everything within its means to ensure that Constellation Network clients have a good experience in the DeFi space.
Alternatively, the COO of Constellation Network, Mathias Goldmann, has also expressed his delight at the successful partnership with YIELD, which will allow his firm to tap into the $60 Billion DeFi market. Goldmann confirmed that Constellation Network had been looking for a way to incorporate Lattice into the DeFi space for a while now and is now delighted that Lattice can now enjoy the space’s benefits. The Executive is very optimistic about the new partnership, and he hopes that the partnership benefits all that is involved.