DeltaPrime Savings Accounts on Yield Yak, allow users to benefit from Yield Yak’s familiar method of tracking historical returns vs project. No fees for depositing via Yield Yak.

The DeltaPrime Savings Pools across both the Avalanche and Arbitrum ecosystems, making the pools available to all Yield Yak users directly within the platform. Savings Pools offer high yields on blue chip assets on both blockchains, requiring single-sided deposits and avoiding impermanent loss. DeltaPrime Savings Accounts on Yield Yak

The increased exposure of Savings Pools should increase liquidity in DeltaPrime, allowing users to utilize various integrated protocols within their accounts and pay lower borrowing fees when the supply on the Savings side increases.

The Savings Pools are attractive to depositors as they offer high yields across a range of blue chip assets on both blockchains, and only require single-sided deposits so are not exposed to impermanent loss.

Why should I deposit with Yield Yak?

The Savings Pools on Yield Yak are simple proxies to DeltaPrime, and charge no fees for their use whatsoever, including no deposit, withdrawal or performance fees. This means that it is equivalent to depositing directly on DeltaPrime, but with some added benefits:

• APY calculations based on actual and recent performance
  • Whilst DeltaPrime uses a forward looking calculation for their APR, Yield Yak bases APY calculations on returns realised from deposits to the pools.
• Advanced reporting available through Yield Yak Analytics
  • This allows you to track and monitor things such as the TVL and APY of the pools over time, rather than just the current status.
• Simplified portfolio and position management
  • If you have existing deposits with Yield Yak then you can now use and manage your positions in the DeltaPrime Savings Pools all from the same place, rather than having to switch between platforms.
• No fees whatsoever are charged
  • Yield Yak usually charges a small performance fee on the yield in most pools, however the DeltaPrime Savings Pools have no deposit, withdrawal or performance fees at all.

Yield Yak now has the following pools available on Avalanche:

• WAVAX
• USDC
• USDT
• BTC.b
• WETH.e

Arbitrum:

• WETH
• USDC
• DAI
• ARB
• WBTC

About DeltaPrime

Providing secure undercollateralized loans, redistributing assets with a focus on maximum capital efficiency. Being built on the strong foundation of the Avalanche network, Prime users are ensured of fast and reliable transactions for their most important investments.

Website | Twitter

About Yieldyak

The post DeltaPrime Savings Accounts on Yield Yak appeared first on Smart Liquidity Research.

Avalanche’s top two DeFi protocols, Yield Yak and GMX, have announced a number of partnerships that will assist both ecosystems develop and better synchronize the two communities going forward.

TL;DR

• Up to $100k in AVAX Avalanche Rush rewards are coming to Yield Yak. Rewards will be distributed to Yield Yak’s GLP strategy depositors over the course of four months.
• YY will be launching a novel upgrade to Yak Swap which adds GLP as a tradeable asset. GLP transactions will go via the most under- or over-balanced assets if slippage is less than fees. The adapter is compatible with GMX.io and other protocols.
• YY and GMX communities have completed a YAK <> esGMX treasury swap aimed at aligning financial interests, with esGMX going towards further boosting Yield Yak’s GLP vault.

Avalanche Rush comes to Yield Yak

Launched in August 2021 by the Avalanche Foundation as a liquidity mining incentive program, Avalanche Rush aims to expand the Avalanche Ecosystem, with $4 Million in AVAX allocated to support GMX. Via this allocation, Rush is arriving at Yield Yak with up to $100k in AVAX rewards for its GLP vault.

Depositors will get rewards proportionately over four months. The vault’s 7-day average TVL will decide the month’s prizes. Avalanche GMX traders profit from TVL milestone rewards, which drive GLP development throughout the ecosystem.

Yield Yak’s Approach to GLP

Yield Yak’s GLP strategy was the first of its kind, with a strategy to continuously stake esGMX in perpetuity in order to maximize GLP rewards for all depositors.

Specifically, here’s how it works:

• AVAX rewards are compounded back into GLP
• Earned esGMX are staked forever to increase total vault rewards

Yield Yak’s GLP vault depositors get esGMX without vesting it, increasing their GLP payouts (which requires staking a significant amount of GMX).  The method benefits GMX and Yield Yak users.

About GMX

GMX is a permissionless and decentralized exchange system that provides a capital-efficient on-chain alternative for hedging Bitcoin, Ethereum, and AVAX.

Website | Twitter

About GLP

GMX’s liquidity provider token, GLP, receives 70% of the protocol’s blockchain fees. GLP’s value depends on many things, including the platform’s liquidity pool tokens. BTC.b, WETH, and AVAX make up the GLP pool’s remaining 50%. When leverage traders lose, GLP holders win, and vice versa. Past PnL data, GLP price chart and other stats can be viewed on https://stats.gmx.io.

About Yield Yak

Yield Yak builds tools for DeFi users on Avalanche. Yield Yak Farms auto-compounds rewards for you. Yak Swap finds the best price execution for dex trades. yyAVAX is Avalanche’s highest yielding liquid staking token.

The post Yield Yak Collaboration with GMX appeared first on Smart Liquidity Research.

To increase yields on CAI, the Colony Avalanche Index, Yield Yak has long been a top autocompounder on Avalanche and a crucial supporter of DeFi inside the ecosystem. Naturally, they sought to increase the rewards their consumers could access while investing in the index by integrating Yield Yak’s yield-generating protocol into our future product CAI

How will CAI utilize Yield Yak?

 CAI minimizes that by depositing a portion of each asset into yield bearing vaults on Yield Yak.

As investors mint and burn CAI, it changes the quantity of assets held by the index, so CAI will periodically refresh the balances it holds on Yield Yak to ensure it is adhering to its target percentage.

Having funds available outside of Yield Yak allows CAI to easily support redemptions and rebalancing without withdrawing from Yield Yak. This improves gas costs for users and ensures CAI maintains a consistent APR on the assets it manages.

The yield bearing vaults that CAI will utilize must adhere to several key standards:

• Temporary loss doesn’t affect returns.
• The protocol that is used to generate yield must pass our security check.
• Leverage must be low risk by lending and borrowing the same asset.
• Funds held by the vault must always be redeemable without lockups.

Once a vault has passed all the above criteria, it becomes whitelisted for use on CAI. At launch, each asset will support exactly one Yield Yak vault, but in the future they intend to support multiple vaults for each asset to diversify CAI’s exposure to any one vault

About Yieldyak

Yield Yak makes numbers go up. Ape into new autocompounder farms with quick releases and high yields. Swap on Yak for the best prices on trades with zero aggregator fees. Sit back and just earn, including big APYs on stablecoin farms.

The post CAI Partnership with Yield Yak to Boost Yields appeared first on Smart Liquidity Research.