Yield Yak AVAX (YYAVAX) Coin Complete Detailed Review About Yield Yak AVAX

What is Yield Yak AVAX (YYAVAX) ?

Yield Yak AVAX is an easy-to-use tool to earn more yield from defi farming on the Avalanche network. is a community-driven project. community has built and maintained the best, cheapest and most diverse auto compounder on the market. Yield Yak is largely self-sustaining. 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.

Yield Yak AVAX Basic Point Table

Who Are The Founder Of Yield Yak AVAX (YYAVAX) ?

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YYAVAX Price Live Data

The live Yield Yak AVAX price today is $21.01 USD with a 24-hour trading volume of $9,811.36 USD. update YYAVAX to USD price in real-time. Yield Yak AVAX is down 0.86% in the last 24 hours. The current CoinMarketCap ranking is #4941, with a live market cap of not available. The circulating supply is not available and the max. supply is not available. is liquid staked AVAX on the Avalanche network. yyAVAX was launched by Yield Yak, an Avalanche-native project which builds DeFi tools for users. has partnered with Geode Finance, liquid staking infrastructure providers, and the Eden Network of validators to allow users to earn native yield from the Avalanche P-Chain via this derivative token.

Token Details

• Name: Yak Token
• Symbol: YAK
• Decimals: 18
• Address: 0x59414b3089ce2AF0010e7523Dea7E2b35d776ec7

How Does Yield Yak work?

Yield Yak auto-compounds yield farm rewards.

• Each farm is a pool of deposits from Yield Yak users
• Farms earn reward tokens (like $PNG)
• Farms reinvest all rewards, compounding everyone’s deposits

All depositors benefit from the very high frequency of Yield Yak compounding. Learn more:

Why use Yield Yak?

Earn More Yield, 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 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 Yield Yak 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.

Key Benefits

mYAK provides YAK with more liquidity while giving farmers an option to avoid impermanent loss associated with most LP staking options.

• mYAK/* pairs increase YAK liquidity and reduce slippage using dex aggregators like YY Swap
• mYAK/YAK avoids impermanent loss for risk-adverse stakers
• mYAK gives users an option to avoid unit bias by having higher core amount of tokens in their wallet (100,000 mYAK = 0.1 YAK)

Faq Of Yield Yak AVAX