I was recently asked for a high-level overview of @yieldyak_ and $YAK. Here goes…
Disclaimer: Not financial advice. Do your own research etc.
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.