## What Is Yield Protocol (YLD)?

Yield Protocol is a reward token, which gives yield to their holders without the need for staking. You just need to hold your token and receive the yield.

YLD features: 
* Low Tax - 2% for buying, from which 1% goes to strengthening our liquidity pool on pancakeswap. 1% goes to the treasury, which will be used to further push the project.
Sell: 7%- 2-LP, 5-Marketing, however if you are above tier 3 you get 5% sell tax!
* Easy and Safe Staking - Yield token always stays in your wallet so it doesn’t need to be put into the hands of a 3rd party smart contract. All you need to do is buy & hold as you automatically receive rewards in your own wallet so you don't have to go anywhere and go through a complicated staking process.
* Automatic yield - You need not be worry about having to re-stake your tokens. Interest is paid automatically and compounded in your own wallet, guaranteeing you will never miss a payment. This is called an auto-stake, auto-compunding mechanic.
* Working APY token - Yield pays its holders 200% APY. Other APY tokens have a fundamental flaw: they just increase your token numbers, but not give you more value. Let me show it through an easy example: you have 100 tokens. You receive your next interest, which is 100 tokens. Now you have 300 tokens and if no one sold/bough, so the chart didn't move, your 300 tokens are worth the same amount as your 200 before the rebase. [Longer explanation](https://streamable.com/yyqvq2)
* Rapid Interest Payments - Interest is paid out every 4 hours.
* Tier System - One feature that makes our token unique is tiered APY system. It means every holder starts from tier 1 and they have to advance to tier 100, in order to receive the maximum APY. This will incentivize holding and reward those who are loyal to the project. You can advance in tiers by selling less than 15% of your current balance within 48 hours! If you sell more you will go back to tier1.

YLD has a tier system for the following reasons:

* Reward loyal investors
What is this tier system?
When you receive YLD tokens, you start on tier 1. Maximum tier is 100. You can advance a tier every 12 hours by satisfying one condition: Don’t sell more than 15% of your balance within 48 hours of time.
* Make it sustainable: This way the supply won’t overinflate at an unmanageable rate and will also make it more appealing to hold the token, to help the chart.


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