Are You Mistaking $YLD for $YIELD?

Yesterday Yield Protocol's $YIELD token was launched. Yield Protocol is a DAO Maker incubated open source project that allows anyone to create and execute yield farming & trading strategies.

$YIELD is a deflationary token which is continually burnt. Half of the fee collected on all of its products are burned. Also, early unstaking of tokens from investors contribute to more burns.

Yield aggregator project Yield Shield is the first to launch on this protocol.

However, YIELD was not listed on CoinGecko. So who got the benefit?

I noticed Yield Credit token $YLD as trending on CoinGecko since yesterday.
Looks like, YLD got all the benefit on CoinGecko for Yield Protocol's hype.

Thankfully, YIELD got listed on CoinGecko an hour back:

Marketers need to be cautious when choosing name of their project to avoid confusion in users. Yield is such a common name these days. We have many projects aside YLD & YIELD like YieldWatch, YieldX, YieldPanda, Yield App etc.

It's difficult to predict whether you will get benefit out of choosing an existing / similar name or it would be the other party that will reap the benefit from your efforts.

YLD (Yield Credit) is not a bad project either. But it's little old and its liquidity mining program in its Garden geyser and Sushiswap Onsen farms is about to end in the coming week. So if you were looking for an early entry then probably this is not the project you wanted to invest in.

Yield Credit is a fixed interest rate incentivized borrowing and lending platform with NFT mechanics integrated, that operates on p2p basis. So the lending & borrowing is individualized i.e. deposits aren't pooled together and hence we can feel a bit safer.

I know, it's difficult to DYOR when you're in a rush to invest in the newest coin. But you should at least pay attention to some basic details about the project 😉

Happy investing!