ShapeShift DAO Documentation
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Yieldies

A Yieldy is an ERC20 rebasing token that is redeemable 1:1 with the underlying ERC20 asset. The system allows a user to stake the underlying asset in order to mint a yieldy version of the asset. The underlying asset is then deployed into the DeFi ecosystem to generate yields that are redistributed to stakers in the form of rebases to a user's balance of the Yieldy asset. Users get access to simplified yield that can easily be transferred to another user without having ever to worry about un-staking and can watch rewards accrue to their wallet each week without having to perform any actions.