Message from our CEO, Tim Frost: "The year 2022 has come to an end, and what an eventful one it has been for the crypto industry

31 Dec 2022, 13:26

Message from our CEO, Tim Frost: „The year 2022 has come to an end, and what an eventful one it has been for the crypto industry. Most crypto investors, and even those with little knowledge of the space, will naturally remember the bad news. Yet I’d like to take a moment to focus on the positive developments this year has brought. It has often been said that downturns in the crypto markets are the perfect time for building and hiring in preparation for the next phase of growth. This is exactly what we have been doing at Yield App throughout 2022, and we have exciting plans that we intend to reveal to our community early next year. This downturn, like others before it, has caused the collapse of many crypto companies, including those that were considered stalwarts of the space until very recently. This brought with it inevitable redundancies and job losses across the board. While devastating in the short term, this opens up an opportunity for talented people to move on to better things, while providing companies like ours with fertile ground to hire the very best talent. We have taken advantage of this, with 36 new hires brought on board in the last 12 months, and we don’t plan to stop here. Together with these new recruits and a solid team of incumbent world-class experts, we are well on our way to building the world’s leading comprehensive digital wealth platform. This year has taught the industry many lessons. For us, it has reinforced our belief in the importance of robust risk management frameworks and the need to spend significant amounts of time and effort on due diligence. Throughout the turmoil we experienced this year, beginning with the collapse of the Terra ecosystem in May, this strategy has shielded us from volatility and losses. As this tumultuous year comes to an end, I’m pleased to report that we stand strong and ready for 2023. Our plans for 2023 include new product launches, the continued development and expansion of our digital wealth platform, and so much more. The key pillars to all of this development will be security, due diligence, and proper risk management – all the things that, if executed correctly, could have prevented this year’s crypto market downturn. We firmly believe that the frameworks we have developed are next to none and are fit for purpose for retail and institutional investors alike. In addition, we remain mindful of regulatory developments at all times and compliant with the highest global standards. Armed with these tools, we look forward to delivering the products and services that this industry requires to mature and finally move into the mainstream. We don’t know what next year will bring for the crypto market – we don’t have a crystal ball. But we are confident that our strategy is best positioned to succeed as the market recovers, and we will focus all our energy on building a market-leading platform in the meantime. Here’s to a prosperous and successful 2023!”

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YIELD AppYLD #1845

01 Jan 2023, 08:29

Happy New Year to all our loyal and supportive customers! It was a pleasure to serve you in 2022, and we are looking forward to another year together. Here's to a successful and prosperous 2023! 🚀 #HappyNewYear2023 #YieldApp

Happy New Year to all our loyal and supportive customers.