Powering The Yield Layer
Yelay serves as “The Yield Layer” for DeFi, making it possible for businesses to offer flexible yield-backed rewards to their customers.
The YLAY token, the native asset of the Yelay protocol and gateway to accessible yield, is the unifying thread between different ecosystem participants — builders, yield generators, node operators, and end users.
The purpose of the token is to facilitate the ongoing decentralisation of yield infrastructure and to provide a mechanism for ecosystem participants to incentivise each other in a trustless manner.
With the YLAY token, there’s something for everyone.
Four Groups, One YLAY
The YLAY token is uniquely designed to serve four distinct yet interconnected stakeholder groups:
- Builders
- Yield Strategies
- Node Operators
- YLAY Token Holders
Builders are the developers building on top of Yelay — like Perq — a protocol enabling multi-chain yield farming by providing access to blue-chip DeFi pools, exchanging yield for rewards and token allocations.
Yield Strategies are the source of yield, such as Kasu — a risk optimised Real World Asset (RWA) platform revolutionising the yield generated through on-chain private credit.
Node Operators are currently limited to the Yelay Protocol but will have permissioned decentralised nodes to run The Yield Layer in the future, and Token Holders are users participating in the staking and securing of The Yield Layer.
By catering to all four groups, YLAY creates a positive relationship that fosters growth, innovation, and accessibility in the DeFi space.
Understanding Infrastructure Credits
Infrastructure Credits (IC) are a powerful supporting tool for the YLAY token. Just like AWS credits allow businesses to access cloud computing resources, ICs enable access to Yelay’s powerful smart contract library and SDK.
Businesses and developers need ICs to interact with Yelay’s infrastructure, with usage correlating to the scale of their operations. ICs can be earned by staking YLAY tokens or purchased directly, providing flexible options for ecosystem participants.
Businesses and developers needing a significant amount of ICs can stake a fixed amount of YLAY tokens to create a node, affording them a greater number of ICs and further decentralising The Yield Layer.
A Synergistic Approach to Ecosystem
The symbiotic relationship between node operators [the businesses and developers] and stakers [the end users] is the core tenet of Yelay, one that creates a mutually beneficial dynamic that drives engagement and liquidity within the network.
As the Yelay ecosystem grows, so does the demand for YLAY tokens. Businesses need ICs to scale their Yelay-powered services, driving demand for YLAY and creating a positive feedback loops. The more businesses use Yelay for yield-backed products and services, the more the ecosystem becomes increasingly valuable for end users, further driving adoption and growth.
The Future of YLAY
As Yelay evolves, so will the YLAY token’s utility and importance. We envision expanded cross-chain functionality and further integrations with more yield-generating DeFi protocols.
By holding YLAY, you’re positioning yourself at the forefront of yield-as-a-service, all living on The Yield Layer. As we prepare to launch, stay tuned for details on acquiring and utilising YLAY tokens.
The future of yield is here, and it’s powered by YLAY.
