YieldClub unveiled its mobile app designed to make high-yield crypto savings simple and accessible, announcing an upcoming public launch alongside a $2.5 million pre-seed funding round. Aiming to bridge the gap between traditional finance and the high-return potential of decentralized finance (DeFi), YieldClub provides an intuitive platform where users can easily earn up to 12% Annual Percentage Yield (APY) on stablecoins, significantly outpacing traditional savings accounts.

YieldClub was founded by CEO Mahesh Vellanki and CTO Michael Li, veterans of successful consumer tech companies Rally (creator economy) and Kabam (mobile gaming unicorn, ~$1B exit). Their mission is to demystify DeFi and package its benefits into a consumer-friendly savings product. YieldClub achieves this through a sleek app interface, seamless social login onboarding, and regionally optimized methods for converting cash to stablecoins. Crucially, YieldClub operates on a non-custodial model, meaning users always retain full control over their funds.

"DeFi offers yields far outpacing traditional savings, but accessing them has been unnecessarily complex – often challenging even for crypto insiders," said Mahesh Vellanki, CEO of YieldClub. "YieldClub changes that. We've distilled sophisticated DeFi yield strategies, the kind often used by 'smart money,' into an incredibly simple and secure mobile app. Anyone can now tap into significant yield potential in just a few clicks. We essentially built the straightforward, high-performance savings tool we wished existed for everyone, including ourselves."