By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
  • HOME
  • NEWS
    • LATEST NFT NEWS
    • BITCOIN NEWS
    • ETHEREUM NEWS
    • BLOCKCHAIN NEWS
    • ALTCOINS NEWS
  • NFT Collection
    • RARITY TOOL BY NFTStudio24
    • UP Coming NFT
    • NFT EXPLORE
  • NFT STORIES
  • PRESS RELEASE
Search
  • About us
  • Advertise with us
  • Contact us
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: The yAxis project launches on Avalanche with an APR boost times 2.5
Share
Sign In
0

No products in the cart.

Notification Show More
Latest News
Harmony team identifies the hacker behind the 100M Horizon bridge exploit
Harmony identifies the hacker behind the $100M Horizon bridge exploit
June 25, 2022
Coinbase to launch first Nano BIT futures via third party brokers
Coinbase to launch first Nano BIT futures via third-party brokers
June 25, 2022
Christiano Ronaldo partners with Binance to debut NFT collection
Christiano Ronaldo partners with Binance to debut NFT collection
June 25, 2022
Keanu Reeves joins the NFT bandwagon
Keanu Reeves joins the NFT bandwagon
June 25, 2022
NFT.nyc 2022, NFT.Nyc, NFT.Nyc event, BeetsDAO, 90s Babes, NFT.Nyc hosts, NFT.Nyc spaekers, NFT.Nyc spaekers 2022
BeetsDAO and 90s Babes to host exclusive events at NFT NYC 2022
June 22, 2022
Aa
NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
Aa
Search
  • HOME
  • NEWS
    • LATEST NFT NEWS
    • BITCOIN NEWS
    • ETHEREUM NEWS
    • BLOCKCHAIN NEWS
    • ALTCOINS NEWS
  • NFT Collection
    • RARITY TOOL BY NFTStudio24
    • UP Coming NFT
    • NFT EXPLORE
  • NFT STORIES
  • PRESS RELEASE
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Contact us
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > PRESS RELEASE > The yAxis project launches on Avalanche with an APR boost times 2.5
PRESS RELEASE

The yAxis project launches on Avalanche with an APR boost times 2.5

PR.Dept
PR.Dept March 18, 2022 99 Views 3 Min Read
Updated 2022/03/18 at 11:01 AM
Share
3 Min Read
yaxis
SHARE

The yAxis project has announced the launch of its yAxis version 3.0 protocol on the fast-growing, high-transactions per second (TPS), low-fee Avalanche network. The move to support Avalanche represents yAxis’ first step to becoming a multichain protocol focused on revenue and ease of use.

Summary:

  • Market-leading earnings on digital assets
  • A 2.5-times APR boost available for YAXIS, the yAxis native governance token
  • Auto-compounding
  • A token bridge between Ether (ETH) and Avalanche (AVAX)
  • Two comprehensive smart contract audits.

Benefits of yAxis on Avalanche

Transaction fees —known as gas — can be prohibitive at times on the Ethereum mainnet. Decentralized finance (DeFi) users with smaller portfolios are often deterred by the costs of using yield-generating DeFi protocols.

On the Avalanche blockchain, transaction fees are lower and transaction speeds are higher by orders of magnitude.

The yAxis project’s version 3.0 can now use the benefits of its speed and low fees to offer 2.5 times more of an APR boost to new retail users.

YAxis vaults and auto-compounding

The yAxis protocol pools users’ funds, deposits them into their respective Convex pools, regularly harvests the rewards, and automatically compounds those rewards.

This auto-compounding feature maximizes earnings potential to deliver market-leading yields.

The AV3CRV and AtriCrypto vaults accept tokens found on the Curve exchange. The AVAX vault supports tokens from Aave, and the Joe vault leverages liquidity pool tokens from the Trader Joe decentralized application.

These vaults offer native yields, auto-compounding and 2.5 times the APR Boost for YAXIS tokenholders.

Bridging YAXIS from Ethereum to Avalanche

The yAxis protocol also offers a YAXIS token bridge from the Ethereum mainnet to Avalanche. This allows existing yAxis version 3.0 users on the Ethereum mainnet to move their YAXIS tokens to the faster and cheaper Avalanche network.

New users can find YAXIS tokens on the Trader Joe exchange, allowing them to earn yields on digital assets without leaving the low-gas, high-TPS Avalanche network.

Locked veYAXIS and voting power

Users gain voting power as veYAXIS — voting escrow YAXIS — when they lock YAXIS tokens on the protocol.

Voting power is crucial for many of the vault’s yield-generating functions, such as the personal boost multiplier (PBM), which lets users receive up to 2.5-times the boost on their rewards. For example, a minimum vault reward APR of 10% coupled with a 2.5-fold boost would result in a 25% APR.

Another component is voting with veYAXIS to steer additional rewards toward users’ vaults of choice. This multi-directional tug-of-war lets users increase their vault APR by increasing the value of YAXIS tokens received.

The veYAXIS tokens are also used in project governance and to vote in key project decisions.

Learn more about yAxis version 3.0 here.

Join the conversation:

  • Twitter – Twitter.com/yAxis_project
  • Discord – Discord.gg/yAxis-project
  • Telegram – T.me/yAxisOfficial
- SUBMIT YOUR PRESS RELEASE -
Ad imageAd image

Don’t miss the Important NFT Drops

Are you tired of missing important NFT drops?

  • Just check out our NFT Collection page! Click here
  • For Upcoming NFTs projects, Click here

You Might Also Like

Huobi Global backs Cube to develop its own Web3 infrastructure

APENFT Auctions Five Vanity Fair NFT Covers

Integritee announces NETWORKD “A Crypto Happy Hour” Networking event

Froyo Games partners with WeMade and iCandy for blockchain-gaming development

Stunning Triple-Header of TDx, Bullperks and Poolz Spearhead $GOB’s IDO Launch on June 6th

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
PR.Dept March 18, 2022
Share this Article
Facebook TwitterEmail Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article lbank,bobc,bobcoin ​​LBank exchange to list Bobcoin (BOBC) March 18
Next Article inanomo Inanomo secures $6M in funding to develop innovative metaverse concept
Leave a comment Leave a comment

Leave a Reply

You must be logged in to post a comment.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News from Cointelegraph

Latest News

Harmony team identifies the hacker behind the 100M Horizon bridge exploit
Harmony identifies the hacker behind the $100M Horizon bridge exploit
ALTCOINS NEWS June 25, 2022
Coinbase to launch first Nano BIT futures via third party brokers
Coinbase to launch first Nano BIT futures via third-party brokers
Crypto and NFT NEWS EXCHANGES June 25, 2022
Christiano Ronaldo partners with Binance to debut NFT collection
Christiano Ronaldo partners with Binance to debut NFT collection
Crypto and NFT NEWS LATEST NFT NEWS June 25, 2022
- Career -
Ad imageAd image

You Might also Like

Huobi Global, Huobi Global nft, Huobi Global exchange, Huobi, Huobi Global Metaverse, Metaverse, Web3, Web3 infrastructure, Cube
PRESS RELEASE

Huobi Global backs Cube to develop its own Web3 infrastructure

June 14, 2022
Vanity Fair collection, APENFT, APENFT Auctions, APENFT Cover Auctions, NFT Auctions, NFT Cover Auctions, vanity fair, Vanity Fair, NFT cover, Vanity Fair NFT Cover, Justin Sun, Justin Sun NFT Justin Sun
PRESS RELEASE

APENFT Auctions Five Vanity Fair NFT Covers

June 12, 2022
bitcoin conference kings, bitcoinconferencekings, BCK, crypto, Integritee, NETWORKD
PRESS RELEASE

Integritee announces NETWORKD “A Crypto Happy Hour” Networking event

June 8, 2022
Froyo Game, froyo games, NFT games, games, nft, metaverse games, metaverse, play to earn games, p2e game, p2e
PRESS RELEASE

Froyo Games partners with WeMade and iCandy for blockchain-gaming development

June 2, 2022
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

Recent Posts

  • Harmony identifies the hacker behind the $100M Horizon bridge exploit
  • Coinbase to launch first Nano BIT futures via third-party brokers
  • Christiano Ronaldo partners with Binance to debut NFT collection
  • Keanu Reeves joins the NFT bandwagon
  • BeetsDAO and 90s Babes to host exclusive events at NFT NYC 2022

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance

Quick Link

  • ABOUT US
  • CAREER
  • CONTACT US
//

Subscribe to our newsletter to get our newest articles instantly!

NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

  • bitcoinBitcoin(BTC)$21,238.00-0.09%
  • ethereumEthereum(ETH)$1,202.85-0.87%
  • tetherTether(USDT)$1.000.17%
  • usd-coinUSD Coin(USDC)$1.000.11%
  • binancecoinBNB(BNB)$234.94-2.08%
  • rippleXRP(XRP)$0.363901-2.03%
  • Binance USDBinance USD(BUSD)$1.000.30%
  • cardanoCardano(ADA)$0.488448-3.34%
  • SolanaSolana(SOL)$40.87-0.31%
  • polkadotPolkadot(DOT)$8.00-1.97%
  • dogecoinDogecoin(DOGE)$0.066787-0.90%
  • Shiba InuShiba Inu(SHIB)$0.0000114.08%
  • daiDai(DAI)$1.000.05%
  • tronTRON(TRX)$0.064701-1.66%
  • AvalancheAvalanche(AVAX)$20.574.48%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$21,221.00-0.07%
  • leo-tokenLEO Token(LEO)$5.922.29%
  • Lido Staked EtherLido Staked Ether(STETH)$1,157.49-0.35%
  • matic-networkPolygon(MATIC)$0.58-2.46%
  • litecoinLitecoin(LTC)$55.40-2.17%
  • FTXFTX(FTT)$27.453.12%
  • chainlinkChainlink(LINK)$6.96-3.42%
  • OKBOKB(OKB)$12.650.21%
  • CronosCronos(CRO)$0.125364-0.08%
  • stellarStellar(XLM)$0.125152-1.67%
  • NEAR ProtocolNEAR Protocol(NEAR)$4.119.79%
  • UniswapUniswap(UNI)$5.34-6.64%
  • cosmosCosmos Hub(ATOM)$8.22-0.05%
  • algorandAlgorand(ALGO)$0.343599-2.39%
  • moneroMonero(XMR)$123.31-2.90%
  • ethereum-classicEthereum Classic(ETC)$16.17-2.57%
  • bitcoin-cashBitcoin Cash(BCH)$113.32-5.94%
  • ChainChain(XCN)$0.0893953.37%
  • Theta FuelTheta Fuel(TFUEL)$0.0551622.00%
  • vechainVeChain(VET)$0.0250520.21%
  • FlowFlow(FLOW)$1.713.02%
  • HederaHedera(HBAR)$0.072147-4.37%
  • Internet ComputerInternet Computer(ICP)$6.07-0.68%
  • The SandboxThe Sandbox(SAND)$1.157.06%
  • Axie InfinityAxie Infinity(AXS)$17.625.84%
  • decentralandDecentraland(MANA)$0.963.60%
  • theta-tokenTheta Network(THETA)$1.411.53%
  • FraxFrax(FRAX)$1.000.28%
  • ElrondElrond(EGLD)$61.34-4.35%
  • tezosTezos(XTZ)$1.49-1.65%
  • filecoinFilecoin(FIL)$5.95-1.64%
  • ApeCoinApeCoin(APE)$4.42-2.45%
  • true-usdTrueUSD(TUSD)$1.000.27%
  • bitcoin-cash-svBitcoin SV(BSV)$63.43-1.55%
  • HeliumHelium(HNT)$11.435.97%
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?