Yield Yak AVAX

Purpose and Utility

Yield Yak is an automated yield farming protocol built on the Avalanche blockchain. YYAVAX is its native token that represents deposited AVAX tokens in yield-generating strategies. When users deposit AVAX, they receive YYAVAX tokens representing their share of the yield-generating pool.

Business Model

The protocol automatically compounds yields from various DeFi protocols on Avalanche, primarily through lending and liquidity provision. This model involves interest-based activities, as the primary function is to generate yields through lending and borrowing.

Real-World Adoption

The protocol has significant adoption within the Avalanche ecosystem, with substantial total value locked (TVL) in its various strategies. The platform continues to be actively used for yield generation on the Avalanche network.

Platform Development

Yield Yak maintains active development with regular updates to its farming strategies and security improvements. The team consistently deploys new yield strategies and maintains the protocol's infrastructure.

Token Distribution and Governance

YYAVAX tokens are minted when users deposit AVAX and burned when they withdraw. The token distribution is directly tied to user deposits and withdrawals, making it a representation of deposited assets.