Yield Yak [Announcements]

2023-01-13 13:51:21 Yak Swap Update

Yield Yak have integrated the new WooFi sPMM v2 model which brings with it better price execution for traders on Avalanche.

Yak Swap is committed to offering the best price trade routing 100% on-chain with one click execution. It still charges no fees while operating as an #Avalanche native DEX aggregator.

Yak Swap also has features that other aggregators don’t, i.e. Yak Swap will mint tokens like Benqi’s liquid staking token sAVAX if it’s cheaper than buying from the market.

There are more upgrades in the pipeline, notably an innovative way to mint and redeem GLP, saving you on fees. Open / Comment

2023-01-13 02:14:18 Avalanche Rush Rewards for GLP are now live

Rush rewards will run for four months, with up to $100K in AVAX rewards at stake. Plus, Yield Yak’s GLP Strategy is:

Audited

Overflowing with esGMX which has been stockpiled for nearly a year and topped up via a YAK <> esGMX Treasury Swap. Track our balance here: https://debank.com/profile/0x565d72a63d3dc4a2f3dd7609fd85c4fd394523b2

Zero entry/exit fee. 10% fee on performance only.

Here’s where it gets interesting: the amount of rewards increase if specific TVL milestones are hit. How does it work?

AVAX Rewards per month:

Base: $7.5K
>$2.5M: $12.5K
>$5M: $25K

More TVL = More Rewards

You can even watch Avalanche Rush rewards being streamed in real time to the GLP Strategy here, courtesy of our friends at LlamaPay: https://llamapay.io/salaries/withdraw/Avalanche/0x53f58dce37d087c676844e76a7093455f35323fa57686f7810da7765298cf288

+ For more information on the Yield Yak x GMX partnership, visit our blog: https://yieldyak.medium.com/avalanche-rush-comes-to-yield-yak-with-up-to-100k-in-rewards-as-part-of-collaboration-with-gmx-350d8cb13893

To get started on your GLP Rush journey, head to yieldyak.com/farms Open / Comment

2023-01-11 23:58:57 Wen Avalanche Rush? Tomorrow…

Buckle up and ready your GLP

Yield Yak’s GLP Strategy is already on fire, turbo-charged and overflowing with esGMX, GMX, and Multiplier Points, boosting yields far beyond what GLP earns on its own. Yak’s vault is currently delivering 61.5% APY on an LP position made up of 50% blue chips (AVAX, WETH.e, BTC.b) and 50% USDC, it’s about to be taken to a whole new level…

What is GMX’s Avalanche Rush Campaign?

More rewards. More AVAX rewards, specifically. A $4M incentives program celebrating GMX’s decentralised perpetual trading platform, Yield Yak's GLP vault depositors are eligible for up to $100K in AVAX rewards over the course of the next four months. Uniquely, Yak's GLP vault Rush rewards increase as TVL grows, meaning that the more users and TVL in the vault the better.

Rush rewards kick off at $7K in added AVAX rewards the first month, with an increase of up to $25K/month should the vault TVL hit $5M. Tell. Your. Friends (and help us grow the YakPak)

Do I need to do anything to take part in Avalanche Rush?

Rewards will begin streaming to existing GLP vault depositors, no further action required.

What about Yield Yak’s partner projects who integrated GLP?

Yield Yak GLP users on platforms like Moremoney (and soon DeltaPrime) receive Rush rewards as well. Of course. No action required.

I want to know more

Refresher on our audited and boosted GLP Strategy and partnership with GMX: https://yieldyak.medium.com/avalanche-rush-comes-to-yield-yak-with-up-to-100k-in-rewards-as-part-of-collaboration-with-gmx-350d8cb13893

Twitter thread: https://twitter.com/yieldyak_/status/1603062474516955136 Open / Comment

2023-01-11 21:29:58 yyAVAX / AVAX Market now live on Trader Joe’s v2 Liquidity Book

After a successful governance vote passed, yyAVAX / AVAX has now been added to Liquidity Book.

yyAVAX traders will immediately benefit from reduced slippage, and added utility to LP and earn additional fees on top of native Avalanche staking rewards.

As Liquidity Book pools are already integrated into Yak Swap, yyAVAX will now be checking this pool for best prices.

To become an LP, head to:

https://traderjoexyz.com/avalanche/pool/v2/0xf7d9281e8e363584973f946201b82ba72c965d27/AVAX/5 Open / Comment

2023-01-11 21:24:51 Surprise Surprise.

We’re back.

https://twitter.com/yieldyak_/status/1613213891550449678?s=20&t=8svbHsrtiBKEdWnct7bwWw

And there’s a bunch of announcements on the way. LFG . Open / Comment

2023-01-09 14:40:38 Chatting DeltaPrime’s imminent Launch on Yield Yak’s Discord today at 17:00 UTC / Noon ET.

Join us later today in the Yield Yak Discord where we’ll be hosting a Live Video AMA with DeltaPrime who are set to launch their under-collateralised loans product tomorrow which is set to unlock liquidity and open up truly exciting DeFi strategies in the Avalanche Ecosystem.

DeltaPrime will be featuring several Yield Yak farms as white-listed strategies upon launch, which we’ll go through during today’s conversation.

The Event will be taking place here:
https://discord.com/events/834452068034150440/1060567695139012799 Open / Comment

2023-01-05 18:37:35 Calling all $JOE holders

Voting is live to add yyAVAX / AVAX as an eligible market on Trader Joe’s Liquidity Book.

We need your help to reach the 1M JOE quorum and get it over the line.

To vote with any JOE in your wallet:

https://snapshot.org/#/joegovernance.eth/proposal/0xefe45b6671e018d1de29e9f9a83db00409fe8754ab6d0447b699c6ee852d1c09 Open / Comment

2022-12-31 22:58:57 Happy New Year YakPak!

A huge thanks to the entire Yield Yak community and its stellar Yak Contributors who are still standing after what has been a very challenging year for DeFi (and our Twitter Account).

As we look forward to 2023, there is a lot to be excited about and we're humbled to have you all along for the ride. Notably in the near future:

Avalanche Rush finally drops on Yield Yak's GLP strategy

If there is yield out there, Yak will find it (Hint: Cross-Chain Expansion) #FollowTheYield

Return from Twitter Exile? Plus more Yak Art from superstar artist Axel Crossway .

You can also count on Yak Contributors continuing to build DeFi tools to help the Yak community benefit from the burgeoning DeFi landscape on Avalanche and beyond. If you're interested in becoming a Yak Contributor in 2023, there is no better time to get involved.

See you in 2023, friends. Open / Comment

2022-12-31 16:35:27 Proposal to add yyAVAX / AVAX to Trader Joe’s v2 Liquidity Book

A new proposal has been put forward through Trader Joe’s Governance Forum to add yyAVAX as a whitelisted asset for Trader Joe’s Liquidity Book markets, starting with yyAVAX / AVAX.

If you’d like to support or make your voice heard on the proposal, head to their Discord Governance Forum to take part in their ongoing poll:

https://discord.com/channels/830990443457806347/1057373767120195704/1058556199861223474

Should it pass the polling stage, the proposal will then go to Snapshot voting for JOE holders to vote on.

Why add yyAVAX to Liquidity Book?

Adding a yyAVAX / AVAX market would help reduce slippage for users of yyAVAX and is another step towards increase its broader adoption in the Avalanche Ecosystem. It also adds additional utility for yyAVAX holders who could take LP positions with AVAX to earn trading fees. Open / Comment

2022-12-23 18:41:00 Merry Yakmas! What’s that in Santa Yak’s bag? Some front-end Farm page improvements!

As we head into the holiday season, the Farms page has gotten a facelift to make it easier to navigate your festive yield opportunities. What’s changed?

A new Featured area which allows us to highlight more complex strategies. Currently the GLP farm holds this spot, highlighting that GLP is:

Audited

Receiving boosted yield

Has no entry/exit fees

Wen Rush? Soon

We’ve also updated how individual farms are displayed in order to place more focus on the farm-type and asset and improve discoverability.

Let us know what you think in any of our Community channels. Open / Comment