What Is yAxis Project?
yAxis is a DeFi yield portfolio that grows USD stablecoin balances through active management. A single vault that allocates capital across a range of farms. Allocations are governed by a DAO, where token holders vote to implement the best strategy available.
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.
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 Pickle Finance. yAxis operates above these platforms and can switch between deployed strategies in order to maximize yields. Currently, the flagship product is the stablecoin-based MetaVault V2. In the near-future MetaVault V3 with Canonical Vaults will support 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.
The MetaVault V2 is the current iteration of yAxis' flagship product. It allows users to deposit stablecoin assets in the form of USDT, USDC, DAI, and Curve 3pool (3CRV) into a single vault. The 3CRV is then invested in various yield farming opportunities on behalf of the user. Whenever there is a better strategy available, MetaVault will convert the underlying deposits into the appropriate asset to begin yield-farming using the more profitable strategy. Users can choose to withdraw their funds anytime by withdrawing their stablecoin and claiming their YAXIS rewards.
MetaVault V3 with Canonical Vaults
The imminent MetaVault V3 product will allow users to deposit a wide range of digital assets such as BTC, ETH, LINK, into a series of Canonical Vaults. This planned upgrade of MetaVault will include a basket of diverse, risk-weighted strategies for each digital asset.
Strategies are decided by the community by staking YAXIS tokens on the governance platform. YAXIS holders can choose from a preselected list of yield farming aggregators, and stake their tokens in the contract which they believe will provide the best return. Strategy risk, fees, and the overall DeFi market sentiment will be displayed on the governance user interface. In return for voting, the community will reward voters with a share of the MetaVault’s performance fee.
How Can I buy YAXIS?
YAXIS can purchased at the following cryptocurrency exchanges: *Uniswap *1inch You can also earn YAXIS through the staking section on the yAxis platform. Users can stake their existing YAXIS to earn a share of farming rewards. 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.