Article Summary, Automatically Generated By AI
Summary of Yield Yak
- Community-driven project
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Community involvement:
- Compounding rewards
- Suggesting new strategies
- Proposing key configuration updates
- Contributing to development
- Farms can run indefinitely without team involvement
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Staked $YAK rewards:
- Receive $AVAX
- YY network revenue converted to AVAX and distributed to stakers
About Yield Yak
In the realm of decentralized finance, Yield Yak is a pioneering protocol that empowers users to optimize their cryptocurrency portfolios through a seamless and intuitive interface.
At its core, this is a community-driven endeavor. Our vibrant community plays a pivotal role in compounding rewards, proposing innovative strategies, and suggesting key configuration updates, ultimately contributing to the project’s development. Notably, Yield Yak farms are designed to operate autonomously, perpetuating indefinitely without the need for team intervention.
Staked $YAK holders will be eligible to receive $AVAX. The YY network revenue, typically collected in tokens, will be converted into AVAX and subsequently distributed among stakers.