Mini YAK (mYAK) is a wrapped version of YAK. Mini Yak introduces no changes to the YAK supply or tokenomics. Read more about Mini YAK:
Mini YAK
Medium
Conversion Rate
mYAK is pegged at a 1,000,000:1 ratio with YAK. The conversion rate is always available in a smart contract for both direction, although you may find better rates with YY Swap.
Key Benefits
mYAK provides YAK with more liquidity while giving farmers an option to avoid impermanent loss associated with most LP staking options.
mYAK/* pairs increase YAK liquidity and reduce slippage using dex aggregators like YY Swap
mYAK/YAK avoids impermanent loss for risk-adverse stakers
mYAK gives users an option to avoid unit bias by having higher core amount of tokens in their wallet (100,000 mYAK = 0.1 YAK)
Early users took considerable risk using a new platform. Their feedback influenced the product. Their deposits grew the platform. Therefore the initial distribution of YAK tokens is heavily weighted toward early users:
50% Depositors (airdrop)
15% Reinvest pushers (airdrop)
15% Team (vested)
15% Ecosystem
5% Community (airdrop)
Airdrop Recipients
The full list of airdrop recipients is available here.
Unclaimed Airdrop Tokens
Airdrop recipients were provided a 30-day window to claim tokens. Following the deadline, the remaining tokens were returned to the treasury.