Buy Yield Yak (YAK)
What is Yield Yak?
Yield Yak is a platform designed for decentralized finance (DeFi) users, especially those operating in the Avalanche ecosystem. It provides a selection of tools, including auto-compounding yield farms, to simplify and enhance earning opportunities in liquidity mining programs.
How does Yield Yak work?
Yield Yak works by leveraging the Avalanche blockchain's capabilities, specifically on the C-Chain. It utilises an auto-compounding mechanism, smart contracts, and automated market maker (AMM) algorithms to optimize user returns. The platform automates the compounding of rewards, which is executed using open-source smart contracts. This efficiency helps reduce gas costs and saves time compared to manual compounding methods, while ensuring users gain average prices for their reward assets over the compounding duration.
What are the potential use cases for Yield Yak?
Yield Yak facilitates yield farming, allowing users to earn rewards by lending or staking assets. It enhances liquidity provision through its DEX aggregator and liquid staking tools. Auto-compounding ensures users maximize their earnings from deposited assets. The platform supports various DeFi projects, leading to applications in yield aggregation and liquidity pools, particularly with assets like USDC and Avalanche tokens. Yield Yak has also formed notable partnerships, such as with the Avalanche Foundation and Arbitrum, to expand its reach and functionality.
What is the history of Yield Yak?
Launched in 2021, Yield Yak began on the Avalanche blockchain, initiated by an anonymous team. It quickly gained traction with significant campaigns like the GMX Rush Campaign, which significantly boosted its total value locked (TVL). Yield Yak has continually evolved, expanding to other networks like Arbitrum and incorporating advanced technologies like LayerZero OFT to enhance interoperability. The fixed supply of its YAK token ensures there are no emissions, with a focus on community-driven initiatives and stability. Yield Yak has reached milestones such as a peak TVL of $755 million, underpinning its importance in the DeFi landscape.
Coin Contract Addresses
Related Assets
Resources
Learn More About Yield Yak
Frequently Asked Questions (FAQs)
What is the current price of Yield Yak (YAK)?
The Yield Yak price is $736.88 AUD, representing a -10.61% from the day prior.
Where is the best place to buy Yield Yak (YAK) in Australia?
The best place to buy Yield Yak (YAK) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Yield Yak (YAK) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Yield Yak (YAK)?
The trading volume of Yield Yak (YAK) is $10.4K AUD in the last 24hrs, representing a -10.61% from the day prior.
How can I buy Yield Yak (YAK)?
Yield Yak (YAK) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Yield Yak (YAK)?
The current market cap of Yield Yak (YAK) is $7.3M AUD.
Can I convert Yield Yak (YAK) to cash?
Yes - With Coinstash you can convert your Yield Yak (YAK) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Yield Yak (YAK) are there?
The current circulating supply of Yield Yak (YAK) is 10.0K.
Is Coinstash a safe place to buy Yield Yak (YAK) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Yield Yak (YAK) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.