Curated News
By: NewsRamp Editorial Staff
June 20, 2025

YieldClub Launches App for High-Yield Crypto Savings with $2.5M Funding

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Original Source

TLDR

  • YieldClub's mobile app offers up to 12% APY on stablecoins, providing a competitive edge over traditional savings accounts with its high-yield crypto savings platform.
  • YieldClub simplifies DeFi by using audited protocols like Morpho to generate yield on stablecoins, offering a secure and user-friendly interface for crypto savings.
  • YieldClub democratizes access to high-yield DeFi savings, making financial growth accessible to a global audience without the need for crypto expertise.
  • Discover how YieldClub transforms crypto savings with an app that turns complex DeFi strategies into simple, high-yield opportunities for everyone.

Impact - Why it Matters

This news matters because it represents a significant step towards making the high returns of DeFi accessible to the average consumer, without the complexity typically associated with crypto investments. With traditional savings accounts offering minimal interest, YieldClub's platform could revolutionize personal savings by providing a secure, user-friendly way to earn higher yields. This is particularly impactful in international markets where stablecoin adoption is rising, offering a viable alternative to low-interest savings options.

Summary

YieldClub has launched a mobile app aimed at simplifying high-yield crypto savings, backed by a $2.5 million pre-seed funding round. The app, designed to make decentralized finance (DeFi) accessible, allows users to earn up to 12% APY on stablecoins, offering a significant advantage over traditional savings accounts. Key investors include Pharsalus, Flex Capital, The House Fund, and Superlayer, with angel investments from tech leaders like Kevin Chou and Sam Shank. Founded by Mahesh Vellanki and Michael Li, veterans from Rally and Kabam, YieldClub focuses on demystifying DeFi with a user-friendly interface and non-custodial model, ensuring users retain control over their funds. The platform leverages audited DeFi protocols like Morpho to generate stable yields, targeting international markets with growing stablecoin adoption. Future plans include a debit card for spending stablecoin balances and tokenized stock offerings, all while maintaining the non-custodial promise.

Source Statement

This curated news summary relied on content disributed by citybiz. Read the original source here, YieldClub Launches App for High-Yield Crypto Savings with $2.5M Funding

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