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About yAxis
Key Points
- yAxis is a DeFi yield portfolio that grows digital assets deposits through active management by the DAO.
- The YAXIS token serves as the governance token of the yAxis DAO.
- yAxis operates above existing yield aggregating platforms to maximize yields.
- The V3 Canonical Vaults allocate capital across a range of farms, governed by a DAO.
- YAXIS can be purchased on Uniswap or earned by staking on the yAxis platform.
- V3 Canonical Vaults offer a base yield, with YAXIS holders voting to boost personal and global vault earnings.
- Governance is decided by the community by staking YAXIS tokens on the governance
About yAxis
At the forefront of decentralized finance, yAxis is a pioneering protocol that empowers users to harness the full potential of their digital assets.
Introducing yAxis: A Revolutionary Project
yAxis is a decentralized finance (DeFi) yield portfolio that optimizes digital asset deposits through proactive management facilitated by a decentralized autonomous organization (DAO). The v3 Canonical Vaults strategically allocate capital across a diverse range of farms, with allocations governed by a DAO, where token holders exercise their voting power to shape yield and dictate yield strategies.
Introducing YAXIS Tokens: The Pioneering Cryptocurrency
The YAXIS token assumes a pivotal role as the governance token of the yAxis DAO, empowering stakers to assume the mantle of decentralized portfolio managers. In doing so, they are entitled to a percentage of the yield farming profits generated by the vaults, thereby augmenting both personal and global yields.
The Operational Dynamics of yAxis: A Comprehensive Overview
The overarching objective of yAxis is to craft a yield portfolio that optimizes returns by leveraging the strengths of existing yield aggregating platforms, such as Yearn Finance and Convex Finance. By operating atop these platforms, yAxis can seamlessly switch between deployed strategies to maximize yields. Additionally, yAxis functions as an auto-compounding platform, thereby mitigating gas fees for users.
Presently, the flagship offering is the V3 Canonical Vault, which seamlessly supports native and delegated strategies across a diverse range of assets, including BTC, ETH, LINK, and others. Furthermore, governance plays a pivotal role in shaping the trajectory of yAxis Project’s future product launches and strategic initiatives.
Purchasing YAXIS: A Step-by-Step Guide
YAXIS can be acquired through the following prominent cryptocurrency exchanges: *Uniswap. Additionally, users can earn YAXIS by participating in staking on the yAxis platform. Furthermore, users have the option to lock their YAXIS, thereby boosting their personal APR in the Governance section. Moreover, users can provide liquidity for the YAXIS-ETH pair on Uniswap, and subsequently stake their LP Tokens (Liquidity Provider) on the YAXIS app to earn supplementary YAXIS rewards. For a more in-depth exploration of this and other yield farming programs, please refer to the Yield Farming Learn resource.
V3 Canonical Vaults: A Novel Paradigm in Digital Asset Management
The V3 Canonical Vault represents the latest evolution of yAxis’ flagship product, boasting a robust ecosystem. The BTC-, ETH-, LINK-, and USD-based vaults provide a foundational yield, while YAXIS holders exercise their voting power to augment both personal and global vault earnings.
Whenever a more lucrative strategy emerges, the vaults will dynamically redeploy underlying deposits to capitalize on optimal returns, thereby maximizing earnings. Users retain the flexibility to withdraw their funds at their discretion, with the option to retrieve their deposits at any time.
Governance and Decision-Making Framework
Strategies are determined through a community-driven approach, wherein YAXIS token holders stake their tokens on the governance platform to shape the decision-making process. Furthermore, YAXIS holders can amplify their personal Annual Percentage Rate (APR) on the vaults by locking into the gauges, thereby earning Voting Power. This Voting Power can, in turn, be leveraged to enhance the global APR for the vaults. As a token of appreciation for their participation in governance, those wielding Voting Power will receive a proportionate share of the platform’s performance fee.