Yak Intern🔺️

Yak and Defi = Yak-fi. Feeling Yakkish || Community Run Twitter supported by Offical Yak Team || Avalanche Block Chain

[Yak Intern🔺️ @YakIntern]

#NewProfilePic

[Yield Yak 🐃 🥛 @yieldyak_]

Four years ago today, Yield Yak deployed their first smart contract on @avax and its DeFi journey began.

Thanks to everyone who has been here since the early days (and well done surviving)🫶.

[Yak Intern🔺️ @YakIntern]

@DonMegavax Test

[crypTurkey🔺️🦃🔺️ @Tales4mdacrypto]

Big news, Avalanche fam! 🚀 The **Avalanche9000 testnet** is paving the way for a mainnet upgrade that’ll slash **Layer 1 deployment costs by 99.9%** and C-Chain transaction costs by 25X! 💸 And because we like to go big..,

[brando (🐃,🥛) (🧇,🫦) @lieferbrando]

Avalanche 9000
Yak 9000

[Yield Yak 🐃 🥛 @yieldyak_]

👋 Say hello to your Yak Portfolio.

A new feature which lets you track the performance of your Yield Yak positions in one simple and intuitive place, with multiple ways to measure your returns.

🧵 Let's dive in to how Portfolio works 👇

[Yield Yak 🐃 🥛 @yieldyak_]

$PRIME @DeltaPrimeDefi available now on Yak Swap on Avalanche and Arbitrum 👍.

[Yield Yak 🐃 🥛 @yieldyak_]

A joy to see Yak Swap's footprints extending to new ecosystems. Amazing use case for it @MihaLotric 🙌.

[Miha Lotric @MihaLotric]

🛠️ Solution: Run YakSwap, an on-chain Solidity aggregator inside SUAVE, to find and execute arbitrage opportunities on the bottom of the block without leaking information to untrusted parties.

[Miha Lotric @MihaLotric]

Yak Bottom of the Block Backrunner! 🐂 🤝 🤖

As part of Flashbots' Crucible Hackathon @zeroXbrock and I built POC for bottom-of-the-block backrunning using YakSwap(@yieldyak_).

https://t.co/WZeNHq6Tfe

[The Moats 🏰 @Moats_app]

https://t.co/bjzVKhk0A5

[Yield Yak 🐃 🥛 @yieldyak_]

Yield Yak has submitted its RFP for the @LayerZero_Labs TGE.

The allocations aims to reward the $YAK community whilst weighting it towards OFT users & community members who participated in the selection of LayerZero.

You can view it here:
https://t.co/gEJVlblrD0

[Yak Intern🔺️ @YakIntern]

Bruh, this is what happens when things are done right.

Yak Yak, Yak yakky yak. YAK YAK!!! 🤣

[harry.avax 🔺 @harry_avax]

GM #AVAX 🔺

Prices may be down today, but the yield for staking $YAK on @yieldyak_ is continuing in the right direction 👀

Currently at the highest it's been since last February, it's been trending upwards since moving to distribute 100% of platform fees to $YAK stakers 📈

[harry.avax 🔺 @harry_avax]

GM #AVAX 🔺

Prices may be down today, but the yield for staking $YAK on @yieldyak_ is continuing in the right direction 👀

Currently at the highest it's been since last February, it's been trending upwards since moving to distribute 100% of platform fees to $YAK stakers 📈

[Yield Yak 🐃 🥛 @yieldyak_]

To filter by @avax Memecoin Rush boosted farms:

https://t.co/7vD7meenVw

[The Moats 🏰 @Moats_app]

We are excited to announce a strategic partnership with @yieldyak_

FortiFi utilizes Yield Yak autocompounding farms to create looped positions within the MultiYields.

[Yak Intern🔺️ @YakIntern]

@AvalancheIntern @Tales4mdacrypto Act like I'm rich teleport

[Yak Intern🔺️ @YakIntern]

$3 Billy!!!!!

[Yield Yak 🐃 🥛 @yieldyak_]

🥁 Yak Swap milestone 🔓

3 billion in trading volume since launch 🤯

98 million in user savings thanks to its multi-hop routes.

100% onchain 🫡.

[Yield Yak 🐃 🥛 @yieldyak_]

🥁 Yak Swap milestone 🔓

3 billion in trading volume since launch 🤯

98 million in user savings thanks to its multi-hop routes.

100% onchain 🫡.

[Yak Intern🔺️ @YakIntern]

@TECHimproving Yaaaaaak

[Yak Intern🔺️ @YakIntern]

Boom!

[Yield Yak 🐃 🥛 @yieldyak_]

🐃 Historic week for $YAK: proposal to move 100% of platform fees to YAK stakers.

Let's dive into the background and context for the vote and what it means for YAK holders...

It's rare in this industry that protocols provide tangible ways to take part in their growth, or meaningfully share its success with holders. From the very beginning, Yield Yak was a little different:

🪂 The Airdrop

YAK was deployed in 2021 with the initial distribution heavily weighted towards early users, with figures you don't frequently see today from a project that was generating significant fees:

70% of Supply Airdropped

💰 50% Early Depositors

🦸 15% Reinvest pushers

👪 5% Community (early Telegram users)

Plus:

🏦 15% Treasury

👷 15% Team (these tokens are now fully vested and not a single YAK has ever been sold)

YAK's initial split

🗳️ From Day 1, YAK provided platform governance with key decisions voted on by the community.

💸 It also has transparently shared platform fees, split equally between stakers, Treasury, and Contributors (33% / 33% / 33% split). This helped bolster the Treasury and onboard new Contributors, some who still remain today.

~8 months later, a vote was passed to increase stakers share of fees to a new split of 70% stakers, 15% Treasury, 15% Contributors. This was reflective of the Treasuries fast growth in good market conditions, and in this same vote the first Core Contributors were chosen who would begin to earn vested YAK. This started to reduce the burden on platform fees to reward Contributors.

Self-Sustaining Treasury

🏦 Fast forward to 2024: the Treasury has carefully navigated turbulent market conditions thanks to excellent management and savvy strategic investing which has come to bear fruit. In light of this, the Treasury can now support both its own self-sustaining growth and cover platform expenses including for marketing and community contributors.

The first ramification of this came last week when the Treasury withdrew their entire staked YAK position (~8% of supply), reducing dilution and increase the share to community holders. And now...

Moving to 100% to YAK stakers

📈 A proposal has been made to move 100% of platform fees to stakers. Voting begins at 18:30 UTC today, and the is expected to complete and (if approved) executed by the end of this week. This would mark a significant milestone towards the original vision: to build a self-sustaining DeFi protocol with no VCs or outside investment that would be truly managed by its Community & Contributors. This proposal takes Yield Yak meaningfully closer to this vision 🙌.

Snapshot Vote:
https://t.co/vpKVzoFTVF