DeFi News

Interview with Merunas Grincalaitis, CEO of Yeld.Finance

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Today, we are pleased to announce that we had the opportunity to speak with Merunas Grincalaitis, the founder behind the new YELD DeFi token. One of the few yearn products that have a known, experienced and non-anonymous developer. 

More than three years of experience programming with Solidity, with two published books on the matter and a great desire to build a long-term solution within the DeFi space.

Merunas Grincalaitis

We hope you enjoy it!

Question. Tell us about yourself; who are you?

Answer. My name is Merunas. I was born in Lithuania, moved to Spain when I was 4 years old, and I’ve been programming blockchain applications for more than 3 years in many startups and banks. I’ve been programming for close to 6 years, and most of what I know has been self-taught. Also, I wrote 2 Ethereum books (Amazon link) for those of you that want to learn Solidity.

Merunas Grincalaitis wrote 2 Books

I love programming and creating the future of money. I believe the blockchain is here to stay and will continue gaining importance to replace banks with fairer technology. When it comes to my personal life, I love to play games (Apex), watch youtube videos, social media, and doing all sorts of sports in my free time.

Q. What is your involvement with the Blockchain community? Why did you start a project on DeFi?

A. I’ve been helping startups create their Smart Contracts and dApps for all sorts of things like ICOs, MVPs, utilities, and more, which made me very familiar with how companies work internally. After a while, I realized the potential of the DeFi revolution; I even tweeted about it and wrote some emails to my email subscribers, gaining quite some attention. 

That’s when I realized I had to do something to contribute to the community. So I started my project based on yearn’s successful product and called it Yeld.finance because it sounds cool and because it’s a simple name that people can recognize easily.

I made some important improvements to the protocol, mainly to reward stakers that decided to extract their locked funds from the protocol. It’s only fair to reward people that believe in your product, so a lifetime of rewards is the fairer option.

Q. What makes you different from the other Y DeFi coins that are currently in the market?

A. The fact that we’re providing innovative algorithms to make our coin more valuable over time while also rewarding holders. That way, we’re continually increasing its value making it one of the most attractive coins out there. Besides, we’re focused on providing the best yield for stakers, so our token plays a big part in that.

Yeld.Finance Logo

Most other Y products focus on delivering the maximum APY to people, which is not bad, but we go beyond that to grow our coin by reducing its supply and rewarding holders. That makes our protocol even more profitable for short-term and long-term investors alike.

Q. Who is in the team? Are you planning to expand it? 

A. Right now, 2 other guys are working with me, helping manage all the social media channels, articles, communication with the public, etc. It’s a very time-consuming job, so I’m grateful for what they are doing.

When it comes to expanding the team, my answer is a clear yes: we’re looking to expand our team by getting more developers and people that can grow Yeld’s vision to provide the most value to our community. So if you’re a Solidity developer, you’re more than welcome to send us a message on our discord server: https://discord.gg/MrCYvZY since it’s the main place where I hang out.

Q. Is YELD a plain copy of YFBETA?

A. Yeld is a separate product. We took some inspiration from them, but we’re definitely moving towards our own direction. That’s why after releasing our yield platform dApp we’ll implement governance to let the community decide which new protocols to implement for the highest ROI on their DeFi investments. 

Q. When is the Yield Farming application going to be released?

A. We expect it to be finished within the next 2 weeks, but we can’t know for sure since we have yet to test the Smart Contracts and do the audits will take some time, so don’t expect anything before October. There is a chance that we will release the product while it is being audited. It will be functional but not secure at 100%.

We’re dealing with complex contracts, and the development started after the private sale, do not get surprised if the release takes a bit of delay. Be patient. Great products take time.

Yield Farming (Source: CoinTelegraph)

 Q. What is the roadmap for YELD?

A. Right now, with our successful token sale, we’re focusing on completing the application to yield stablecoins. Once that is finished, 2 external companies will audit it. After that, we’ll work on creating our governance platform for people to decide which new features to implement to maximize their DeFi yields. 

After that, it’s a continuous effort to grow the community and optimize our yield platform into a separate product focused on long-term rewards for stakers. We also plan to create more innovative DeFi solutions from scratch.

Q. Will YELD able to subsist through the long-term?

A. Absolutely yes. Even if the price can be volatile, with the team set in place and a clear vision, we’ll continue growing and expanding with new and exciting DeFi products.

As long as we’re building and growing, the project will continue expanding and increasing its value for years to come. Many skeptics thought the project would be a rug pull, but we’ve proved them wrong and will continue delivering value to the DeFi community.

Q. Are you going to list the token in more exchanges?

A. Yes, we want to get our YELD token listed in as many places as possible to trade it and make a healthy profit.

That was the interview and the words Merunas has given us regarding his project and the vision that he has for it. We wish him the best of luck in his journey. 

Interview with Merunas Grincalaitis

Remember, you can find more information about the project in the following links. He loves participating in the Discord channel, make sure to join it!

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