So far I have earned $28 in crypto just for passing quizzes and now I’m getting rewards from staking.
Okay, $28 doesn’t sound like a lot, but when you are using it to test out an application, it is enough to get you going with nothing to lose. Coinbase provides you with a free asset that in my case, increased in value. Good luck getting your local bank to do that.
In this article, I’ll show you how I was able to get the free assets, and how I was able to trade them from Coinbase to Yieldly to get…
Getting started in blockchain can be overwhelming. Everyone has an opinion on the best chain, language, or tools. Not knowing where to look or who to ask. Someone trying to sell you their blockchain class for thousands of dollars. This past year has really opened up the use of webinars and most importantly free webinars. Algorand is getting out there and providing a lot of education in this way.
If you are like me, you have limited time and limited resources. You have some coding skills to get going but need that little help to figure out where to go…
Yieldly (YLDY), launched on June 5, 2021, the first decentralized finance platform built on the Algorand blockchain, a proof-of-stake, fully decentralized, secure, and scalable blockchain founded by Silvio Micali in 2017. Already with $13.5 million in Algorand’s ALGO staked, putting Yieldly in the top 35 DeFi protocols by yield TVL according to Defillama.com.
Yieldly recently successfully passed a security audit by Halborn that is used by BlockFi, Coinbase, and Stellar.
Yieldly is simple to use once you are set up. It is also inexpensive and fast to move funds to your account as the Algorand blockchain doesn’t rely on mining.
VLookup is a useful function for searching through a spreadsheet and getting information for specific tasks. I have found INDEX and MATCH combined as useful and much less restrictive.
Example 1: Using the first name to look up the last name.
In the Gif above, I type the first name in the orange block and it returns the first corresponding last name from the Last_Name column.
Here’s how you do it:
Start with your table:
I connected to Yieldy this morning to see if I was the winner receiving 18,756.53 ALGO from the No-Loss Lottery prize pool this week and got a big surprise. No, I didn’t win, if I did I would let you know.
The surprise was I received 1 YLDY for my stake. That’s 8 less than last week for the same amount of 16 tickets I had previously staked.
For the past couple of weeks, I have written a few articles on Algorand and Yieldly. I have been excited as to the ease of the decentralized application and wanted to share my results and a few steps on how to use it. Here is the first article if you are looking to get started.
Without further delay, here are the week 3 results for my 16 lottery tickets on the Yieldy DeFI No-Loss Lottery:
I am able to claim 9 YLDY for staking 16 ALGO in the lottery.
I have found the biggest barrier to the blockchain world is just getting the correct tools and how to set them up to work with DeFi applications.
The easiest way for me to learn these tools is usually through some sort of walkthrough with some visuals as a guide. Hopefully, the following will help you.
Disclaimer: There are no affiliate links. I am not affiliated with Algorand, Rand Labs, or Yieldly. …
Hi everyone! Welcome to my Medium profile! I’m writing this article so that new and old readers alike can learn a bit about me and find links to my most popular posts.
My name is Jason Porter and I have worked and traveled all over the U.S. in various roles and occupations. I also love to write.
Aside from writing, my main interests are technology, blockchain, animals, and the outdoors. I’ve written a few posts here on Medium about a few of these topics. I am working on new ones and plan on publishing 2 new posts a week. …
I didn’t win the Yieldly lottery this week. What I did win was my YLDY rewards for entering the lottery by staking ALGO.
Last week, I entered Yieldly’s no-loss lottery with 3.78 ALGO. I wrote about this new decentralized finance (DeFi) application built on the Algorand blockchain here:
After successfully staking those ALGO, I went back and staked more, making a total of 17.47 ALGO staked. This gave me 17.47 lottery tickets that didn’t show up until after the drawing. After doing some research, I had found out that you have to leave your ALGO staked until after…
With the price of Bitcoin and Ethereum bringing attention back to the defi space, companies are looking for ways of incorporating that technology into our everyday lives. Splinterlands, a new card battle game is using that technology by giving players real world value to their game. They do that through the use of NFTs or Non-fungible tokens or ERC-721.
NFTs are tokens that unlike Bitcoin, are of unique value. The same reason two cars might not have the same value, even if they are the same make and model. Think baseball cards, comic books, or Pokemon cards.
Learning through teaching technology.