YelayPrice

(YLAY)

Yelay is a decentralized yield infrastructure, often referred to as the "Yield Layer," designed to simplify DeFi yield generation. It functions as the evolution of the Spool protocol, transitioning from a single platform into a broader plug-and-play infrastructure. By using "smart vaults," Yelay enables builders and enterprises to integrate yield-backed products, such as rewards programs, without the need to manage complex underlying smart contracts. It aims to serve as a foundational layer for any Web3 application looking to offer risk-adjusted yields.

Holders of the previous token can claim YLAY through the official migration portal. For Ethereum-based holders, the process is handled directly via the portal. For those holding tokens on Arbitrum, the process involves sending tokens to a specific migration contract, after which YLAY tokens are airdropped to the user’s Ethereum Mainnet address, typically within a 72-hour window. This transition ensures that the community can migrate to the new infrastructure seamlessly and securely.

To ensure security and avoid fraudulent contracts, users should use the official Ethereum contract address: 0xaee5913ffd19dbca4fd1ef6f3925ed0414407d37. To view your tokens, open your compatible Web3 wallet, navigate to the "Import Tokens" section, select "Custom Token," and paste this address. This will allow the wallet to correctly identify and display your YLAY balance on the Ethereum network. Always verify the address through official documentation before performing any transactions.

Staking YLAY involves locking tokens to receive sYLAY (Staked YLAY), which represents a user's share in the staking pool. This process allows participants to earn protocol rewards and "Infrastructure Credits." Lock periods are fixed once initiated and cannot be extended or partially unlocked. Once a lock period expires, the position enters an "unlocked" state. In this state, users maintain their existing sYLAY but stop earning new rewards until they choose to either re-lock their tokens or initiate a withdrawal.

Infrastructure Credits (IC) serve as the utility currency for the Yelay ecosystem, functioning similarly to cloud service credits. They are required by developers and businesses to access Yelay’s smart contract library and SDK for building yield-backed products. These credits can be earned by staking YLAY or purchased directly. By utilizing ICs, the protocol facilitates a sustainable environment where node operators earn rewards for maintaining the decentralized infrastructure used by third-party builders and enterprises.

YLAY is available for trading on LBank and other major decentralized exchanges. In terms of strategy, the Yelay infrastructure routes assets into established "blue-chip" DeFi protocols and real-world asset (RWA) platforms. This includes integrations with major liquid staking providers and lending protocols. The system uses smart vaults to automate and simplify access to these diversified yield sources, providing a streamlined way for applications to offer risk-adjusted returns to their users while maintaining high security standards.