The primary objective of Yieldmos is to provide users with an easy-to-use platform to automatically compound their various rewards across the cosmos, both from staking & other sources like LP pools. For staking, it supports most Cosmos SDK based chains, including The Cosmos Hub, Osmosis, and many others. Users can stake these assets without worrying about manual compounding, allowing them to earn a higher yield with minimal effort. Additionally, Yieldmos is non-custodial, meaning that users maintain control over their assets while using the platform.
How Yieldmos Works
To help users maximize their staking rewards, Yieldmos employs multiple strategies that automatically compound rewards. Once on the platform, the steps to do so are simple:
Connect wallet: First, users must connect their supported wallet to the Yieldmos platform. The platform supports Keplr, a popular wallet for the Cosmos ecosystem, as well as MetaMask, and additional wallet support is planned for the future.
Select a strategy: Users can choose from a variety of auto-compounding strategies tailored to different assets in the Cosmos ecosystem. Each strategy aims to maximize yield for the specific asset or liquidity pool.
Stake/Bond assets: After selecting a strategy, users can stake/bond their assets in the chosen yield generation opportunity. Yieldmos will handle the automatic compounding of rewards, boosting the user’s overall yield.
Monitor performance: Users can track their staking performance and earnings through the Yieldmos platform. This allows them to assess their chosen strategy’s effectiveness and make adjustments as needed.
Supported Assets and Networks
Yieldmos supports various cryptocurrencies within the Cosmos ecosystem, including ATOM, OSMO, JUNO, STARS, AKT and many others. Users can stake these assets and benefit from auto-compounding strategies provided by Yieldmos. As the platform continues to evolve, additional assets and networks may be supported to increase its utility.
For a full list of supported assets at any given time, see their strategies page, here https://www.yieldmos.com/strategies.
Yieldmos offers Ledger support for users who prefer hardware wallets for added security. Ledger support on the platform is continuously being expanded, and compatibility with additional networks is expected as more networks upgrade to Cosmos SDK v0.46 or add Ledger support for authz. For networks where Keplr does not support Ledger and authz compatibility, users can refer to the Ledger Support Using the CLI documentation.
Comparison with Other Staking Solutions
Yieldmos distinguishes itself from other staking solutions, such as Restake, through its focus on auto-compounding and non-custodial nature. Yieldmos enables users to retain control over their assets while enjoying the benefits of automatic compounding. Furthermore, Yieldmos supports multiple staking strategies to cater to different user preferences and investment goals, meaning it supports not only staking, but also Dapp yeild generation opportunities like LP farming.