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Yield Yak is the most popular and most used optimizer on Avalanche, due to the great variety of opportunities that it offers. An optimizer is in charge of maximizing the annual percentage of rewards that users can get when farming or staking your cryptocurrencies on other platforms.
The optimizers use the rewards users receive to exchange it for the cryptocurrency or cryptocurrencies you are farming or staking. The next step is to put those cryptocurrencies back into the farm. The compound interest is obtained by using the rewards and reinvesting them in the farm. Sit back and earn!
Yield Yak offers one-click leveraged farming strategies for borrowing and lending markets like Aave, Benqi, and others. These strategies optimise your single-asset deposits, automatically compound your returns, and save you time
I like long-term strategies, and auto-compounding pools are my favorite pools! I can add crypto and enjoy the full package… optimized yield, no waste on gas, and perpetual earnings. I seen the power of auto-compounding with my staked $AVAX, and I was thrilled when Yield Yak launched on Arbitrum.
Popular Yield Yak farms compound every few hours, and the reward tokens are converted into deposit tokens on behalf of all users in the pool many times per day. Yield Yak on Arbitrum meant that I was finally able to stake my lazy $ARB tokens. Found a good pool that offered 3% APY, and moved them all when the deltaprime pools were added. The APY was considerably bigger, often going above 10%.
I explored the available pools and found a better option for $GLP! The APR on GMX was 8%, while the $GLP pool on Yield Yak had 37% APY! Always go for APY instead of APR, as the auto-compound will always generate more rewards. The tokens are pilling-up automatically without any additional effort…. No need to check… no need to worry!
I am telling you nice and early… 2024 is the year of the Yak! To fully understand the success of the optimizers, we have to look at the $YAK tokenomics and how the token powers the whole ecosystem.
YAK is the native token to Yield Yak, with a fixed-supply set at 10,000 $YAK. The token can be staked to earn platform fees, and no additional YAK may be minted now…
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