What is yAxis?
yAxis (YAXIS) is a decentralised finance (DeFi) yield portfolio platform that optimises digital asset deposits through active management by a Decentralised Autonomous Organization (DAO). It utilises v3 Canonical Vaults to allocate capital across a range of yield farming opportunities, aiming to maximise returns for depositors.
How does yAxis work?
yAxis operates as a DAO-governed platform that implements active yield optimisation strategies. The key components include:
- v3 Canonical Vaults: These vaults manage and allocate capital to yield farming opportunities across DeFi protocols.
- DAO governance: The community governs the selection and management of yield strategies.
- Active yield farming: Utilises automated strategies to maximise returns for depositors.
Although the platform's technology is not fully detailed, it is likely based on Ethereum and relies on smart contracts for vault operations and strategy execution.
What are the potential use cases for yAxis?
Applications:
- Yield optimisation: Automatically allocates digital assets to high-yield farming opportunities.
- Decentralised asset management: Offers an alternative to traditional centralised asset management.
- Automated yield farming: Simplifies the process for users to earn returns on digital assets.
Industries:
- Decentralised Finance (DeFi)
- Asset Management
- Cryptocurrency Investing
What is the history of yAxis?
Key Milestones:
- v3 Canonical Vaults: Developed to improve capital allocation and yield farming efficiency.
- DAO governance: Implemented to decentralise the management of yield strategies.
Market Presence:
- Total supply: 11,000,000 YAXIS
- Circulating supply: 931,900 YAXIS
- Max supply: 11,000,000 YAXIS
yAxis is focused on providing decentralised, efficient, and actively managed yield optimisation solutions for the DeFi ecosystem.