YOP or the Yield Optimization Protocol is the leading DeFi technology platform that aims to bring traditional finance and decentralized finance under one roof. To accomplish this mission, the platform has teamed up with AllianceBlock, a decentralized, blockchain-agnostic layer 2 protocol that will act as a liquidity mining service provider to YOP.
According to the contours of the partnership, YOP will integrate the borrowing and lending features of AllianceBlock into its DeFi toolset. This will make it easier for YOP users of any level to access yield markets to deposit and stake their cryptocurrencies easily. YOP provides the required custody, insights, and customized parameters all in one single DeFi application.
Thus, with this partnership between YOP and AllianceBlock, the platforms’ development teams will be linked together to determine the full scope and process of DeFi implementation in traditional finance. The interconnecting tools will be operated through APIs to support YOP in accomplishing its objective to implement DeFi in traditional finance.
YOP focuses on integrating DeFi protocols across 7 blockchain networks, including Binance Smart Chain, Ethereum, Polkadot, and Solana. Therefore, by integrating AllianceBlock’s custom features into its smart contracts, YOP will provide more value to the network and its native YOP token. Thus, any crypto asset can be easily converted into a bankable product at ease.
AllianceBlock help digitize the real-world assets so that they can be easily represented by digital tokens. It has a strong infrastructure layer that allows seamless transfer of assets between traditional and decentralized digital markets while complying with all the required international standards effectively, thereby unlocking trillions of dollars in idle capital. It will also help YOP to facilitate the liquidity pooling process across multiple asset pools. Moreover, as both platforms have already strategically worked in the cryptocurrency ecosystem before, they are both strong-rooted to traditional capital markets and the cryptocurrency market, which makes a move effortless. Each platform focuses on facilitating the different transition areas to obtain a fully integrated DeFi ecosystem that can bring innovations to traditional finance.
Both the platforms strove to provide the best-in-class, market-leading functionalities to users that can modernize the digital asset experience. With the cooperation from AllianceBlock, YOP will be able to eliminate the key challenges that exist in DeFi. Working with strong partners such as AllianceBlock will also allow YOP to bring better products for its users. This will prove beneficial for both the end-users and the institutions who want to add blockchain technology to their portfolios/platforms/ products/services. Furthermore, it will help YOP to link cryptocurrency with the traditional capital markets.