AllianceBlock and YOP form Strategic Partnership to Enhance Liquidity Mining Offering
AllianceBlock is pleased to announce that it has partnered with the DeFI technology platform YOP, a Yield Optimization Platform and Protocol. YOP is an all-in-one DeFi application that makes it easy for users of any level to access yield markets, where they can deposit and stake their cryptoassets.
The partnership will see YOP integrate AllianceBlock’s Liquidity Mining as a Service (LMaaS) product. This will allow YOP to provide multiple pools across the likes of Balancer, Uniswap, and Binance Smart Chain, with more AMMs launching soon. It will also allow YOP to implement our Single-Sided Liquidity Provisioning functionality, which enables YOP holders to supply just YOP tokens and benefit through our impermanent loss protection. This will give more choices to users, bring enhanced liquidity, and will enable support for multiple chains and DEXs.
Furthermore, as part of an ongoing, evolving partnership, YOP will integrate AllianceBlock’s borrowing and lending platform into its DeFi toolset. Joining forces, YOP and AllianceBlock will link their development teams to work towards a smooth and efficient implementation.
AllianceBlock and YOP share a grounding in both TradFi and DeFi. The two firms are working to bridge the two spaces, and to facilitate the transition to a fully integrated digital financial ecosystem. We share a common ambition, to create platforms that can support new innovations and lead to increased capital flows from traditional institutions to DeFi.
Rachid Ajaja, CEO of AllianceBlock, commented: “YOP is an important partner as we continue to seek to bridge the gap between traditional and decentralized finance. They are solving many of the key challenges we face in DeFi, including providing a user-friendly solution in an often complex space. Their close links with London Stock Exchange based firms highlights their focus on bringing traditional capital to DeFi, and we look forward to working with them to achieve this mutual ambition.
We are also excited that our Liquidity Mining as a Service product is seeing great interest from many DeFi projects. It is a key part of our protocol, and an early sign of the value we are bringing to the DeFi space. This partnership is another collaboration with tangible benefits for AllianceBlock and ALBT holders.”
Atif Yaqub, Founder of YOP, noted: “AllianceBlock is a key partner to open the bridges of capital flow from traditional financial markets. As YOP is exposed to several publicly listed companies on the London Stock Exchange, we are keen to build relationships with projects that understand both sides of the market. With the cutting-edge technology being built by AllianceBlock, we can further strengthen our product offerings and open the floodgates to trillions of dollars of capital flow into DeFi. We look forward to supporting the product development, integration, and burgeoning DeFi markets targeted by AllianceBlock.”
About YOP
YOP is a Yield Optimization Platform and Protocol: an all-in-one application that makes it easy for everyone to access yield markets. YOP gives you custody, market insights, token swaps, and yield farming customization inside one single application. In addition YOP has added a Launchpad aggregator to the application. YOP is chain-agnostic and will focus on integrating DeFi protocols across several blockchain networks including (but not limited to) Ethereum, Polkadot, Binance Smart Chain, and Solana.
About AllianceBlock
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
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