1/7
@yieldyak_ just launched a proposal to transfer voting power of veJOE, vePTP and likely other veTokens in the future to $YAK , with all the benefits that come with it. This is huge, wanna know why? Read this 🧵
@yieldyak_ just launched a proposal to transfer voting power of veJOE, vePTP and likely other veTokens in the future to $YAK , with all the benefits that come with it. This is huge, wanna know why? Read this 🧵
https://twitter.com/yieldyak_/status/1522215796000190465
2/7
The first veTokenomics was launched by @Platypusdefi with $vePTP and then followed by @traderjoe_xyz with $veJOE.
You accumulate vePTP or veJOE over time by depositing $PTP and $JOE respectively and the more you have the higher your booster when you farm on their platform
The first veTokenomics was launched by @Platypusdefi with $vePTP and then followed by @traderjoe_xyz with $veJOE.
You accumulate vePTP or veJOE over time by depositing $PTP and $JOE respectively and the more you have the higher your booster when you farm on their platform
3/7
And they’ll have governance power. Protocols like @yieldyak_ started to accumulate $vePTP and $veJOE to offer these advantages to their community, getting inspired by @ConvexFinance and #CRVwars
And they’ll have governance power. Protocols like @yieldyak_ started to accumulate $vePTP and $veJOE to offer these advantages to their community, getting inspired by @ConvexFinance and #CRVwars
4/7
On @ConvexFinance the governance power they accumulated by their locked $CRV is transferred to their native token, $CVX however, that is an inflationary token, so your voting power gets diluted over time..that’s where the beauty of $YAK comes in..
On @ConvexFinance the governance power they accumulated by their locked $CRV is transferred to their native token, $CVX however, that is an inflationary token, so your voting power gets diluted over time..that’s where the beauty of $YAK comes in..
5/7
.. $YAK is non-inflationary and scarce (only 10k). You’ll always own the same share of veJOE and vePTP that @yieldyak_ owns. So if you’re a protocol like @Moremoneyfi you’re much better off by buying $YAK tokens and start depositing $veJOE or $vePTP the same if you’re a whale
.. $YAK is non-inflationary and scarce (only 10k). You’ll always own the same share of veJOE and vePTP that @yieldyak_ owns. So if you’re a protocol like @Moremoneyfi you’re much better off by buying $YAK tokens and start depositing $veJOE or $vePTP the same if you’re a whale
6/7
A very simple strategy is buying $YAK tokens and then depositing $PTP or $JOE -> staking yyPTP or yyJOE and use the revenues to compound. In the meanwhile you stake your $YAK in @yieldyak_ autocompounder and your share of YAK, so voting power +/- bribes..
A very simple strategy is buying $YAK tokens and then depositing $PTP or $JOE -> staking yyPTP or yyJOE and use the revenues to compound. In the meanwhile you stake your $YAK in @yieldyak_ autocompounder and your share of YAK, so voting power +/- bribes..
7/7
..will increase overtime as well, without having to hold an inflationary token with all the risks that would come with it.
This is why you should always bet on @yieldyak_ 😉 #PTParty #JOEwars #LFJ
..will increase overtime as well, without having to hold an inflationary token with all the risks that would come with it.
This is why you should always bet on @yieldyak_ 😉 #PTParty #JOEwars #LFJ
Like and RT the first tweet if you liked the thread and follow for more alphas 😉
https://twitter.com/maurog_crypto/status/1522247881436155906
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