Yield Yak lets you earn native yields for securing the Avalanche Network without sacrificing DeFi utility.
Yield Yak does this by allowing users to stake AVAX and receive a new token, yyAVAX , which is an Avalanche C-Chain representation of staked AVAX on P-Chain. Thus users are able to earn both the rewards for securing the network and still take part in the Avalanche DeFI ecosystem.
Yield Yak has partnered with Geode and Eden to create a liquid staking token generating industry-leading yield.
Geode Finance is responsible for the yyAVAX smart contracts, which ensure the correct value of yyAVAX based on rewards earned on the P-Chain.
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