Week 3 -Yieldly No-Loss Lottery Results

The prize was 16,274 ALGO and I didn’t win…again

Photo by Steve Sawusch on Unsplash

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.

Yieldly — The World’s First No-Loss DeFi Lottery On Algorand

Back to the results:

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.

Screenshot of rewards

Last week, I took the 10.879 YLD I had earned from the prior week and staked it in the YLDY pool.

Screenshot of rewards

For that stake, I am able to claim 0.0001 ALGO and 0.30 YLDY by clicking the Claim button.

Screenshot of rewards

I will leave my claim amount here for another week to see what it looks like after the next drawing.

However, I will claim my YLDY from the lottery as I would like to increase my stake in earning ALGO.

If you are interested in how to do that you can click here:

Staking Your Earned YLDY To Earn ALGO + YLDY

So far I have had no issues and really like the simplicity of this application. There has been a great discussion on the Yieldly Reddit forum for questions and experiences using the platform.

Also, the current price on Uniswap for YLDY is $0.0059 which you can get up to date here.

Thanks for Reading!