YOP and AllianceBlock Bridge Traditional & Decentralised Finance
DeFi technology platform YOP is very proud to announce its partnership with AllianceBlock, aiming to be a layer 2 blockchain agnostic protocol that will bridge decentralized finance and traditional finance that will act as a liquidity mining service provider to YOP, while also facilitating the pooling and spreading of liquidity across multiple asset pools.
YOP is a Yield Optimization Platform and Protocol: 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 cryptocurrency. YOP provides custody, insights and custom parameters all in one single application.
By implementing custom feature sets in our smart contracts, we provide more value to users, our network and the YOP token. YOP is chain-agnostic and focuses on integrating DeFi protocols across seven blockchain networks including (but not limited to) Ethereum, Polkadot, Binance Smart Chain, and Solana.
The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 protocol that bridges traditional and decentralized finance, automating the process of converting any digital or crypto asset into a bankable product. AllianceBlock’s solution digitalizes real-world assets such as real estate and commodities so they can be represented by digital tokens. The infrastructure layer will allow seamless transfer of assets between traditional and digital markets while staying compliant to using best-practice international standards, effectively unlocking trillions of dollars in idle capital. The interconnecting tools will operate through APIs to support YOP and also in standalone access point products.
AllianceBlock is also creating an ecosystem of stakeholders across the full spectrum of traditional and decentralized finance. Industry stakeholders and service providers can become a ‘node’ in the AllianceBlock Ecosystem and propose their services while being compliant with multi-jurisdictional regulations and also seamlessly plugging into legacy TradFi systems.
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 determine the full scope and process of implementation working to ensure a smooth and efficient integration.
YOP On AllianceBlock Partnership
“AllianceBlock is a key partner to open the bridges of capital flow from traditional financial markets,” says Atif Yaqub, Founder of YOP. “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.”
AllianceBlock on YOP Partnership
“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.” Commented Rachid Ajaja, CEO of AllianceBlock.
YOP and AllianceBlock are both strategically positioned projects operating in the digital asset space that have a strong footing in both traditional capital markets and cryptocurrency. Each platform is working to facilitate different areas of the transition to a fully integrated digital financial ecosystem that can bring new solutions and innovations to finance.
Both YOP and AllianceBlock are also dedicated to providing best-in-class, market-leading functionality that can streamline the digital asset experience. This is critical for both the end-user and institutions who want to add blockchain technology to their portfolios, platforms, products, and services.
This is one of many partnerships that YOP is set to reveal before launch, including alliances with premier cryptocurrency projects such as Ankr and DEXTools, and traditional institutes like Pello Capital as a corporate advisor. Our partnership with AllianceBlock is a huge step in facilitating YOP’s mission of linking cryptocurrency with traditional capital markets.
Working with strong partners such as AllianceBlock will ultimately allow YOP to bring better products to our users and we look forward to revealing more exciting partnerships.