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Yield Yak reviews

Founded 3 years ago in 2021.

Use anonymously. No KYC required.

Decentralised exchange.

Open source code can be publicly reviewed.

Reviewed by Yunis
18 October 2022 (Updated 15 April 2024)

Yield Yak Crypto Platform

Yield Yak (YY) is a community driven crypto finance platform that is built on Avalanche blockchain network. The Yield Yak is an open-source platform and its smart contracts are not audited. There is no independent audit report aboout the platform. YY is still in beta stages. It is stated that the YY is supported by Avalanche network team. But there is no detail about the platform’s founders and team members.

Yield Yak offers swap, farming, and staking services for users. You can easily swap any coin or token by using Avalanche network. Yield Yak searches thruout the other decentralized swap and trade platforms to provide the best price for a coin or token.

You can easily open the Yield Yak web app online and connect with a web wallet. The web app is MetaMask and WalletConnect compatible. But you need to set up your MetaMask on Avalanche to conect the web app. Setting up MetaMask on Avalanche is explained on Avax’s support page.

Yield Yak’s main purpose is providing excellent autocompaund yield tools. There are variety of farming pools on the Dapp and anyone can lock his idle coins in a yield farming pools. The YY doesn’t have its yield farming pools but uses other major platforms’ pools to generate the best yield. AAVE, Trader JOE, Pangolin, Echinda, Platypus, and BenQi are among the platforms that YY utilize.

YAK is the native token for the Yield Yak platform. The maximum supply of YAK tokens is 10.000 and no more YAK token will be issued. %70 of the paltform’s revenue goes to YAK stakers. YAK is also the governance token on the platform.

Pros

tick $19,263,228 USD currently invested (TVL)
tick Investments in 18 coin pairs available
tick Operating on Avalanche C-Chain protocol

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Yield Yak Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
BETS
46.2%
BETS 46.2% APY
Avalanche C-Chain
Instant Access
46.2%
BETS 46.2% APY
$11,012
AVME-AVAX
22.2%
AVME 22.2% APY
Avalanche C-Chain
Instant Access
22.2%
AVME 22.2% APY
$41,709
AVAX-PNG
16.9%
AVAX 16.9% APY
PNG
Avalanche C-Chain
Instant Access
16.9%
AVAX 16.9% APY
PNG
$52,252
EUROC-USDC
15.3%
USDC 15.3% APY
EURC
Avalanche C-Chain
Instant Access
15.3%
USDC 15.3% APY
EURC
$39,953
QI-AVAX
10.2%
QI 10.2% APY
Avalanche C-Chain
Instant Access
10.2%
QI 10.2% APY
$22,632
USDC-AVAX
9.36%
USDC 9.36% APY
AVAX
Avalanche C-Chain
Instant Access
9.36%
USDC 9.36% APY
AVAX
$17,972
GLP
5.32%
5.32% APY
Avalanche C-Chain
Instant Access
5.32%
5.32% APY
$5,443,457
WETH.E-AVAX
4.52%
AVAX 4.52% APY
Avalanche C-Chain
Instant Access
4.52%
AVAX 4.52% APY
$30,884
PNG
3.74%
PNG 3.74% APY
Avalanche C-Chain
Instant Access
3.74%
PNG 3.74% APY
$55,785
YAK-AVAX
3.67%
YAK 3.67% APY
Avalanche C-Chain
Instant Access
3.67%
YAK 3.67% APY
$79,027
USDC
3.35%
USDC 3.35% APY
Avalanche C-Chain
Instant Access
3.35%
USDC 3.35% APY
$209,684
USDT
3.13%
USDT 3.13% APY
Avalanche C-Chain
Instant Access
3.13%
USDT 3.13% APY
$334,389
AVAX
3.07%
ETH 3.07% APY
Avalanche C-Chain
Instant Access
3.07%
ETH 3.07% APY
$1,241,169
SAVAX
2.5%
SAVAX 2.5% APY
Avalanche C-Chain
Instant Access
2.5%
SAVAX 2.5% APY
$347,326
YAK
1.82%
YAK 1.82% APY
Avalanche C-Chain
Instant Access
1.82%
YAK 1.82% APY
$1,090,454
SJOE
0.97%
JOE 0.97% APY
Avalanche C-Chain
Instant Access
0.97%
JOE 0.97% APY
$598,241
JOE-AVAX
0.43%
JOE 0.43% APY
Avalanche C-Chain
Instant Access
0.43%
JOE 0.43% APY
$142,553
BTC.B
0.41%
BTC.B 0.41% APY
Avalanche C-Chain
Instant Access
0.41%
BTC.B 0.41% APY
$10,082
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Yield Yak Supported Currencies

Yield Yak supports over 4 currencies including Avalanche and Pangolin.

Yield Yak Key Data

Company
Year founded 2021
Decentralised tick Yes
Open source tick Yes
Products
Savings accounts tick Yes
Security
Know your customer cross No

Useful Links

Yield Yak Contact Details

https://yieldyak.com/

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