Yieldly is gaining functionality and has a nice sell wall for you to buy into

If you aren't familiar with yieldly.finance/ it is basically a launching pad for new Assets (aka coins or tokens) on the Algorand blockchain. Just recently they listed 2 new coins and are bringing 2 more.

The basic idea of the website is to get YLDY tokens, then stake them to get part of the pool reward. So you stake YLDY and get back some other token, such as the SMILE token or or OPUL.

Along with staking and getting rewards of these new coins, you can also enter into NFT drawings.

Just wanted to let people who might know of Algorand to see that there are other projects on the network that can even get you into some fairly new coins. In theory if they do well on Yieldly, then MexC (an exchange) will adopt it as something to sell.

Unlike other websites, I feel I am constantly checking Yieldly for the the changes in APY, ability to move between pools, and all these things are fairly cheap. If you haven't heard about it, I suggest you look into it.

Something to know is Algorand is entering into their first Gov cycle, which will pull a lot out. So while a sell wall is typically bad, it seems this wall isn't moving and with such a high APY for staking not only for YLDY, but for other coins makes this a great time to enter in and start staking these new projects.

Footnote: there is a NLL for staking Algorand which rewards you in YLDY anyway even if you lose.

Edit: Best way to buy YLDY is on the MexC exchange, which only needs a phone or email to register ( i did phone). Best to buy Algorand on your fav exchange, then move Algo to MexC, sell for USDT and buy YLDY, the fees in this process are very cheap. Once bought move back to wallet and stake.

Otherwise you can stake Algorand to get an APY in yieldly in the NLL.