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yAxis news
About yAxis
What Is yAxis Project?
yAxis is a DeFi yield portfolio that grows digital assets deposits through active management by the DAO. The v3 Canonical Vaults allocates capital across a range of farms. Allocations are governed by a DAO, where token holders vote to steer yield and ultimately direct yield strategies. .
What Are YAXIS Tokens?
The YAXIS token serves as the governance token of the yAxis DAO. Stakers play the role of a decentralised portfolio manager. This earns them a percentage of the yield farming profits from the vaults and allows them to boost personal and global yields.
How Does yAxis Work?
The goal of yAxis is to create a yield portfolio which can obtain the best return by taking advantage of other existing yield aggregating platforms such as Yearn Finance or Convex Finance. yAxis operates above these platforms and can switch between deployed strategies in order to maximize yields. yAxis also serves as an auto-compounding platform to save users on gas fees.
Currently, the flagship product is the V3 Canonical Vault, supporting native and delegated strategies across BTC, ETH, LINK and more. Governance also plays a key role in determining how yAxis Project will launch new strategies and products.
How Can I buy YAXIS?
YAXIS can purchased at the following cryptocurrency exchanges:
*Uniswap
You can also earn YAXIS by staking on the yAxis platform. Users can also lock their YAXIS to boost their personal APR in the Governance section.
Users may also provide liquidity for the YAXIS-ETH pair on Uniswap. LP Tokens (Liquidity Provider) can then be staked on the YAXIS app to earn additional YAXIS rewards. To learn more about this and other yield farming programs, head over to the Yield Farming Learn resource.
V3 Canonical Vaults
The V3 Canonical Vault is the current iteration of yAxis' flagship product. The BTC-, ETH-, LINK-, and USD-based vaults offer a base yield, whilst YAXIS holders vote to boost personal and global vault earnings.
Whenever there is a better strategy available, the vaults will deploy underlying deposits into the appropriate yield strategy to chase return optimal earnings. Users can choose to withdraw their funds anytime by withdrawing their deposits.
Governance
Strategies are decided by the community by staking YAXIS tokens on the governance platform. YAXIS holders can also boost their personal APR on the vaults by locking into the gauges. Voting Power is awarded in return for locking YAXIS, which can in turn be used to boost global APR for the vaults. In return for participating in governance, those with Voting Power will receive a share of the platform’s performance fee.
The live yAxis price today is $2.45 USD with a 24-hour trading volume of not available. We update our YAXIS to USD price in real-time. yAxis is up 5.27% in the last 24 hours. The current CoinMarketCap ranking is #1293, with a live market cap of $2,287,433 USD. It has a circulating supply of 931,896 YAXIS coins and a max. supply of 11,000,000 YAXIS coins.
If you would like to know where to buy yAxis at the current rate, the top cryptocurrency exchange for trading in yAxis stock is currently 1inch Liquidity Protocol. You can find others listed on our crypto exchanges page.