WAGMIswap Acquisition Positions Yieldly As Algorand’s Leading DeFi Suite

The merger and acquisition will create a branded AMM built into the Yieldly platform, solidifying the platform as the go-to destination for all things DeFi and GameFi on Algorand

SINGAPORE / ACCESSWIRE / May 13, 2022 / Yieldly, the first decentralized finance (DeFi) ecosystem built on the Algorand blockchain, today announces the merger and acquisition of WAGMIswap – an Algorand-based, community-driven decentralized exchange with fast settlement and low transaction fees. The acquisition, and subsequent integration, will expand Yieldly’s product suite, cementing its position as the number one DeFi ecosystem on the Algorand blockchain.

Completion of the WAGMIswap integration will see Automated Market Maker (AMM) functions added to the platform, giving Yieldly customers a comprehensive suite of earning initiatives. Users can expect an overhauled interfaceincorporating a bespoke wallet with built-in staking functions and an integrated AMM alongside an NFT marketplace.

Yieldly will conduct thorough technical due diligence as part of the acquisition process, including third-party audits executed on WAGMIswap’s code.

“We are thrilled at the prospect of this acquisition. It…

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