Revealing launch details for yyAVAX, Yield Yak's liquid stakin | Yield Yak [Announcements]

Revealing launch details for yyAVAX, Yield Yak's liquid staking solution coming to Avalanche (very) soon.

As yyAVAX gets closer, we've published a new Medium article outlining the benefits of yyAVAX and its upcoming launch. TLDR:

Opening Ceremony to have a cap of 100K yyAVAX starting at a 1:1 minting ratio. yyAVAX will immediately start earning yield generated from the Avalanche P-Chain.

Users can provide liquidity for yyAVAX pairing it with AVAX in our native dynamic liquidity pool. This pool serves as liquidity to allow for instant withdrawals and minimal slippage.

LP providers can stake their LP tokens on Yield Yak to receive 5% of yyAVAX’s yield. Stacked Yield.

yyAVAX will be available to trade using Yield Yak Swap (but trade with caution vs waiting to mint should cap have been reached)

Opening Ceremony launch date & time to be announced soon

Head to the blog for more info on why we believe our liquid staking solution will deliver better yield and lets you realise this yield in an efficient way.

https://yieldyak.medium.com/yyavax-to-launch-soon-with-capped-100k-yyavax-token-opening-ceremony-and-rewards-for-lps-d5844ac24e9a