YAK is the native token to Yield Yak. YAK is a fixed-supply token that can be staked to earn platform fees (currently 70% of all platform fees are distributed to YAK holders every 24 hours).
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:
mYAK provides YAK with more liquidity while giving farmers an option to avoid impermanent loss associated with most LP staking options.
- 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)
- Total Supply:
The vast majority of the YAK token supply entered circulation following the initial distribution. On the first day,
- Circulating: 7,350 YAK
- Non-circulating: 2,650 YAK
- Team: 1,500 YAK
- Ecosystem: 1,150 YAK
Tokens will move from non-circulating to circulating based on team tokens vesting and ecosystem tokens being used for community initiatives.
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 were provided a 30-day window to claim tokens. Following the deadline, the remaining tokens were returned to the treasury.