Discover and read the best of Twitter Threads about #avalanchedefi

Most recents (1)

I was recently asked for a high-level overview of @yieldyak_ and $YAK. Here goes…

Disclaimer: Not financial advice. Do your own research etc. $YAK
What is Yield Yak and what is the $YAK token?

Yield Yak is a yield optimizer on the Avalanche network (c-chain, specifically). You can stake your crypto assets (single asset staking) or you can LP on a DEX and deposit that LP to Yield Yak’s auto-compounder.
This takes the rewards you would earn from providing liquidity and then it sells those rewards for more LP tokens. Essentially growing your stack without having to do anything (the reinvesting is managed by the community auto-magically).
Read 19 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!