Yieldly, the first Defi project launched on Algorand, has been operational for a few weeks now. It currently has a little more than $17.7 million TVL. It currently features no-loss lotteries (to win ALGO and YLDY tokens) and YLDY staking.
HOW DOES THIS RELATE TO ETHEREUM?
Yieldly is set to launch the first ASA-ERC20 bridge (and the first Algorand bridge) soon. This will allow wrapped YLDY to be be purchased through Uniswap and bridged to Algorand for staking and participating in the no-loss lottery.
The details: https://yieldly.finance/yieldly-bridges-a-world-first/
Other items on the near term roadmap: Bridge to BSC and POLY, NFT lotteries and multi-winner lotteries.
Security audit performed by Halborn.
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