The live Yield Yak b is $10,699.92 USD with a 24-hour trading volume of $4,363,739 USD. Yield Yak has no change in the last 24 hours. The current CoinMarketCap ranking is #2719, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
It is a community-driven project. Yield Yak Coin community compounds rewards, suggests new strategies, proposes key configuration updates and contributes to development. Yield Yak farms can run forever, without the team’s involvement. Staked $YAK will receive $AVAX. YY network revenue (collected in tokens, usually) will be converted to AVAX and distributed to stakers.
Yield Yak is an easy-to-use tool to earn more yield from defi farming on the Avalanche network.
This is a community-driven project. The community has built and maintained the best, cheapest and most diverse autocompounder on the market.
Yield Yak Coin is largely self-sustaining. Thee community compounds rewards, suggests new strategies, proposes key configuration updates and contributes to development. The farms can run forever, without the team’s involvement.
How does Yield Yak work?
The auto-compounds yield farm rewards.
Each farm is a pool of deposits from users
Farms earn reward tokens (like $PNG)
Farms reinvest all rewards, compounding everyone’s deposits
All depositors benefit from the very high frequency of compounding. Learn more:
How do get started?
Before you start using Yield Yak, you will need:
AVAX on the Avalanche C-Chain subnet in your MetaMask account
For help getting started, please see this guide from Ava Labs.
Why use Yield Yak?
Earn More Yield Yak Coin , Save Time, and Reduce Variance.
Save Time and Earn More Yield
Many defi protocols pay rewards to users in the form of tokens (farming rewards). Farmers who claim rewards often and compound their deposits maximize their rewards and farming yield. However, most farmers do not reach an optimal level of returns for two reasons:
Prohibitive gas costs to claim and compound farming rewards
High time commitment to frequently compound
Yield Yak Coin helps all farmers earn more yield by pooling assets and socializing the costs of compounding. This means much more frequent compounding, which happens automatically.
Reduce Variance on Reward Asset Prices
Popular The farms compound every few minutes or hours. Reward tokens are converted into deposit tokens on behalf of all users in the pool many times per day, providing users with a blended price exposure to reward assets.
Consider an example: A farmer stakes $50 of LP tokens into a farm. The farmer receives rewards worth 0.05 AVAX per day. That means, on average, the farmer only generates enough value from claimed rewards to pay the gas costs by waiting for days or weeks.
During this period where the farmer is waiting for the rewards to be worth claiming and compounding, they are at risk of the reward asset price shifting.
Farmers who use instead, will earn the average price for rewards over the period while enjoying compounding effects on their deposits.
The vast majority of the YAK token supply is circulating from the first day.
Circulating: 7,350 YAK
Non-circulating: 2,650 YAK
Team: 1,500 YAK
Ecosystem: 1,150 YAK
Tokens will move from non-circulating to circulating based on team tokens vesting and ecosystem tokens being used for community initiatives.
Yield Yak Coin Early users took considerable risk using a new platform. Their feedback influenced the product. Their deposits grew the platform. Therefore the initial distribution of YAK tokens is heavily weighted toward early users:
50% Depositors (airdrop)
15% Reinvest pushers (airdrop)
15% Team (vested)
5% Community (airdrop)
Where Can Buy Yield Yak Coin
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