Author: Marco Gonzalez

Editor: Randall Roland

Protocols eagerly registered for Yield+. The first rewards were distributed on August 28. The program commenced in an alpha phase and was expected to last just a few weeks. Beta rewards followed to substantially exceed distribution amounts. The phased rollout gives teams time to adjust their smart contracts and automate new distribution standards.

Yield+ impacts protocols directly and token holders indirectly. Protocols receive rewards via a Yield+ multisig. Token holder rewards are distributed by each independent Yield+ contract account. Actual distribution remains the discretion of independent protocols. Details about how to access rewards for each approved token are linked on the associated tokenyield.io page.

Initial protocols had the opportunity to establish automated smart contracts ahead of activated distribution as outlined in the blue paper. In an August Fireside Chat, the ENF highlighted what a full Yield+ rollout might look like, including a 5% token yield. View the chat for information about the future of Yield+ as planned on rollout.

The ENF’s Fireside Chat goes into specific details. Around [1:11:25], there’s confirmation of a quarterly total reward distribution of 600K EOS (as mentioned in the blue paper). At the time of this writing, there are 11 Protocols registered for Yield+. They have a total Total Value Locked exceeding $20M. Daily rewards are currently at around 18 EOS for every million a project has in TVL.

Take note of a couple of things. First, while both EOS and Tether are accepted for TVL, the minimum qualifying TVL (200K) is alway calculated in EOS. The other item worth noting is that all member protocols must also register for Recover+. Thus, Yield+ will both revolutionize liquidity and set new standards for security.

Compared to the tentatively scheduled “full-go” rewards, other Yield+ impacts are harder to predict. Nonetheless, impact from other innovations, like the September 21 launch of Antelope Leap v3.1, are very real. For example, success of both TrustEVM and IBC closely relate to the success of Yield+.

TrustEVM will soon connect the EOS mainnet to Ethereum and its influence as the second largest blockchain. IBC, while code ready, may roll out slower due to its broad implications. The ENF mentions October as a notable time in IBC development (see video near the end of the Yield+ conversation).

Alone, a Yield+ Autumn is something to get excited about. It means there’ll be an influx of EOS that wasn’t there before. Since liquidity and volume are closely related, Yield+ finds a stronger position once TrustEVM launches. IBC, at the very least, streamlines blockchain communication, further improving the liquidity paradigm. However, the way the ENF speaks of the innovative IBC solution, the more one gets the feeling that only Antelope is a more bullish product. All three expect to uplift the mainnet through 2023.

Yield+ brings a solid foundation for a key element troubling EOS and many blockchains, that is liquidity. Combined, IBC, Yield+ and TrustEVM all running on the sleek new Antelope promise to attract the next generation of investors. The ENF didn’t approach its EOS EVM as a way to tap Ethereum’s market cap as other blockchain’s have. Rather, ENF products elevate the game by offering investors new opportunities through innovation. Investors may see tangible results shaping up as early as October.