Strong believer that crypto and decentralisation are the future | Autocompound your way to financial freedom | YAK Guide @yieldyak_ | AVAX🔺 $YAK 🐃 $Qi $CLY
May 5, 2022 • 8 tweets • 5 min read
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 🧵
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
May 4, 2022 • 10 tweets • 4 min read
1/9 Liquid staking, what is it? How does it work? What are the risks?
A 🧵
2/9 The consensus mechanism of #Avalanche use a Proof of Stake mechanism to secure the network, which means that people lock their $AVAX to participating into validating transactions; in exchange they receive a certain amount of $AVAX to compensate for it.
Apr 24, 2022 • 10 tweets • 6 min read
1/9
You might be wondering where is the best place for staking your $AVAX and get some nice returns. Let’s see some options using @yieldyak_2/9 1. Delegating $AVAX on p-chain (APR 9 - 10%): The safest option which offers you 9-10% of yield if you lock them for 1yr. Bad thing obviously is that you’ve to lock them up for 1yr but you’re contributing to network’s safety 😉
Apr 23, 2022 • 8 tweets • 2 min read
1/7 I’ve seen that for many people it is not too clear what determines APR in #DeFi Why when you stake early you see a very high APR and then that start going down?
There are basically two things that determine shown APR: calculation method and distributed rewards
2/7 CALCULATION METHOD:
Usually APR is determined comparing $ value of farmed token to $ value of your staked asset. So if:
- $ value of your asset goes down, APR will go up even though you’re receiving same amount of $
- $ value of farmed token goes up: APR goes up because..
Apr 18, 2022 • 7 tweets • 3 min read
1/6 A recurring question on @yieldyak_ is regarding APY calculations
I’ll explain first the difference between APR and APY and then why sometimes, even though you’re seeing lower APY on YY you’re actually getting higher return
2/6 APR is the return without compounding (so linear return)
APY is the return when compounded (this is how you get rich usually, since it grows exponentially).
That’s it, is that simple
Apr 18, 2022 • 7 tweets • 3 min read
1/7 There are >8M$ in the boosted @traderjoe_xyz AVAX/Stable farms right now, offering an APY of ~31-65% on @yieldyak_
Why do people offer liquidity in these pools? Aren’t they gonna suffer IL?
A 🧵 2/7
As we all know IL is called like this because it gets realised only when you take out your liquidity. We all are very bullish about $AVAX and think that will moon at some point, but do we think it’s gonna do that in this market conditions? Likely not.
Apr 17, 2022 • 6 tweets • 3 min read
1/6 Many users in @yieldyak_ community every now and then ask about gas fees. Those are determined by #Avalanche network. But why sometimes are higher than the others, and why the cost to interact to different strategies differ?
A 🧵:
2/6
Cost of gas fees, everytime you interact with the blockchain, depends basically on two parameters:
- Gas Cost
- Gas Limit
Apr 16, 2022 • 10 tweets • 4 min read
A 🧵 about @Moremoneyfi an interest-free loan platform on #Avalanche1/8 An interest-free loan platform allows you to deposit a token as a collateral as guarantee of your solvency. You will then be able to borrow a stablecoin - $MONEY - against that collateral, up to a maximum defined by the Loan-to-Value (LTV)
Apr 10, 2022 • 9 tweets • 4 min read
1/8 @yieldyak_ recently launched strategies to maximise your returns with veJOE farms.
However you might be looking to increase your returns even more. If that’s the case you may want to look into @Moremoneyfi
A 🧵 on how to leverage your JPL tokens to maximise your returns:
2/8 MoreMoney is a platform that allows you to use LP tokens as collateral to borrow $MONEY (a stablecoin). The beauty of this platform is that they deposit your JPL tokens into YieldYak, so even though they’re locked to guarantee your solvency, they keep accruing yields
Apr 9, 2022 • 11 tweets • 4 min read
1/10 On #Avalanche there are around 10B $ in TVL in DeFi, but only around 500m $ are using an autocompounder like @yieldyak_
A 🧵 on what a yield optimiser is and what are the advantages and disadvantages of using a yield optimiser (i.e. why you should definitely use one 😉):
2/10
Yield optimisers like yield yak autocompound farmed tokens making your return increasing exponentially.
So by depositing liquidity pool tokens into @yieldyak_, the platform will sell those farmed $JOE tokens for you and buy more of the liquidity token and stake for you…
