Yieldbay is a yield optimization application on Solana that helps users identify and maximize their yields through various liquidity pools and staking options that exist in the ecosystem. Users can choose from different protocols, each with varying risk levels and APYs (Annual Percentage Yields). Yieldbay offers both single-sided options and paired liquidity options, analyzes your portfolio and provides insights on the best yield opportunities based on the tokens held in a wallet.
What is Yieldbay?
Yieldbay Finance is a smart yield optimization platform built on Solana that helps users find the best possible returns on their assets without having to manually manage multiple protocols. Instead of users moving between different lending platforms, liquidity pools, or farming strategies, Yieldbay acts as a single gateway that intelligently finds optimized opportunities across the Solana DeFi ecosystem.
Yieldbay gifts users a free Genesis NFT that unlocks the user’s profile and records the early onchain participations of the account on Yieldbay.
After minting the Genesis NFT, complete the rest of the tasks and your user profile on the Yieldbay application is set.
How Yieldbay Works
Yieldbay does not aggregate yield, but it recommends multiple Solana-based protocols based on insights generated from their past and current performance. The platform evaluates factors like APY, liquidity depth, and the efficiency of these protocols before recommending them as potential strategies, such as lending markets, liquidity pools, or hybrid yield products.
Yieldbay provides a beautiful interface that is easy to work with. The total value of the tokens and positions held by the connected account is displayed at the top left side of the Dashboard page, along with previous activities performed using the wallet. Additionally, Yieldbay provides insights to its users by linking markets with the best yields for the tokens in the wallet. In the image below, the SOL token can be allocated to Meteora (3.3%), Jupiter Lend (4.4%), Jito (6.0%) and other protocols with the current Annual Percentage Yields 3.6%, 4.4% and 6.0%, respectively.
Yieldbay, because of its complex market comparison, suggested that the SOL in the wallet should be staked as JitoSOL instead of holding the token as native SOL. Along with the asset rebalance suggestion, Yieldbay also provides core insights and token opportunities where assets can be allocated for better APY.
Yieldbay does not automatically route funds for users because it is currently in its beta phase. When a user selects a suggestion, Yieldbay links them directly to the partner platform's application to securely complete their deposit. This functionality will transition into a native, end-to-end feature once their security audits are finalized. The dapp suggested for better yield on the SOL asset in the wallet below is Meteora.
As market conditions change, Yieldbay also updates its information to signify the current market positions and the yield that users get for the protocols supported. This makes Yieldbay especially useful for passive users who want exposure to DeFi yields without the operational overhead that comes with monitoring all their positions themselves. While the beta already includes several strong protocols, many more DeFi integrations are currently on the way.
Conclusion
Yieldbay is a Solana DeFi application that replaces manual portfolio monitoring across multiple platforms using a single interface. By providing real-time updates and suggestions based on your risk profile, it removes the need to track various protocols yourself and makes it your go-to tool for managing yields. The Yieldbay beta includes multiple Solana protocols, which will increase once the contract is fully audited.
