Yield Yak

What is Yield Yak?

Generate increased farming rewards with Yield Yak's auto-compounding feature, allowing you to maximize earnings from your deposited assets. Explore auto-compounding pools such as USDC and USDT stablecoin pools, native Avalanche tokens, and enhanced farms on Trader Joe. Additionally, Yield Yak offers a decentralized exchange (DEX) aggregator named Yak Swap, a liquid staking tool, and Yak Pools to enhance your decentralized finance experience.

This initiative is both diverse and community-centric. The community actively compounds rewards and proposes novel strategies and configurations, actively participating in the advancement of Yield Yak. The platform's operational model is designed to function independently of direct team involvement.

Yield Yak, facilitated by the community's auto-compounding structure, addresses persistent user concerns, including:

• Elevated gas costs associated with claiming rewards and compounding farming rewards.
• Time-consuming processes when consistently compounding at higher frequencies.

Benefits of Yield Yak

Yield Yak farms have the capability to auto-compound at intervals of just a few minutes or hours. The resulting rewards are transformed into deposit tokens within the pool, furnishing users with a combination of both the blended price and reward assets.

When utilizing Yield Yak, users have the opportunity to earn the average price for rewards throughout the compounding duration, mitigating the risk of price fluctuations. Yield Yak determines rewards by taking into account both actual and recent performance:

1. Simple APY (Annual Percentage Yield) is calculated based on recent performance, annualized without compounding.
2. Compound APY factors in the growth and compounding of your farming assets, representing the simple daily ROI compounded over a year.

Notably, the compounding APY provided by Yield Yak surpasses that of other platforms within the Avalanche ecosystem, such as Pangolin.

The YAK Token

YAK serves as the native token for Yield Yak. It's a fixed-supply token eligible for staking to receive platform fees, with 70% of all platform fees distributed to YAK holders every 24 hours.

The total supply of YAK is capped at 10,000, and no additional YAK can be minted, either presently or in the future. Anyone has the ability to distribute platform revenue through Yak ARC.

Yield Yak Partnerships

The Yield Yak universe holds many notable names, such as Curve, DeFi Llama, Aave, Avalanche, GMX, The Graph, Pangolin, Platypus, Benqi...

Yield Yak Project Development

The most recent major updates in Yield Yak was at the end of 2022:

• Up to $100k in AVAX Avalanche Rush rewards were introduced to Yield Yak. Rewards were distributed to Yield Yak’s GLP strategy depositors over the course of four months.
• YY launched a novel upgrade to Yak Swap, which added GLP as a tradeable asset. Trades were routed in and out of GLP via the most under- or over-balanced assets if slippage was less than fees, helping maintain assets’ target weights. The adapter could be seamlessly integrated into other protocols, including GMX.
• YY and GMX communities completed a YAK <> esGMX treasury swap aimed at aligning financial interests, with esGMX going towards further boosting Yield Yak’s GLP vault.

Yield Yak Price Analysis

As of November 24 2024 Yield Yak has a marketcap of $5.3M. This is {{percentagefromath}} from its all time high of $16.31934K. In terms of its tokenomics, there's a total supply of 10K with 100% currently outstanding. Keep in mind Yield Yak has a fully diluted value of $5.3M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude