Yield Yak introduces ARC — a decentralized revenue distribution tool creating Yak heroes

Yield Yak’s community is one of its greatest assets. Our community built the platform into the #1 autocompounder on Avalanche. And, even though YY has grown, feedback and ideas from YY users are as valuable as ever.

Today we introduce a feature that addresses one of the most common requests: greater transparency on Yield Yak revenues.

Yield Yak ARC — Automated Revenue Collector

Yield Yak ARC (Automated Revenue Collector) is based on a proof of concept created by a community developer.

Yak ARC allows anyone to distribute revenue

The new section of the Yield Yak platform gives users can easy tool to track the protocol’s daily revenues, calculated in AVAX. And, in line with our core principle of creating a platform that could run on its own without any team intervention, anyone can become a Yield Yak hero and distribute these revenues once per 24 hours.

Be a Hero for Yak

Hitting the “Distribute” button keeps staking rewards flowing. You’ll also gain the admiration of your peers with acknowledgement on the ARC site as a Hero.

Yield Yak ARC (Automated Revenue Collecotr)

Currently, collected AVAX is distributed to three wallets based on the current 33/33/33 split between stakers, contributors, and treasury. Distributions are always subject to change based on ongoing discussions and community input.

About Yield Yak

Yield Yak makes numbers go up. Ape into auto-compounded farms with quick releases and high yields. Swap on Yak, with a single click for the best prices on trades with zero aggregator fees.

Web | Twitter | Docs | Telegram | Discord

--

--

--

Earn more yield. Tools for defi users on Avalanche.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

10 Reasons Why Switzerland Is the Best Crypto FinTech Destination

Crypto Daily: EOS and Tron Comfortably Lead Daily Transactions

Perpetuals, Rebase Tokens Rise; The Week’s Top 5 Token Categories

How to Backup Your Bitcoin Wallet?

Calling Out the Willfully Ignorant

Standard Protocol IDO in 2 hours! Are you ready?

Bitlocus Referral Program, Explained — Bring Your Friends To Bitlocus

Domoovs Partnership With Exeedme

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Yield Yak

Yield Yak

Earn more yield. Tools for defi users on Avalanche.

More from Medium

Moremoney to use Yield Yak to increase yields on collateral

Platypus Successfully Passed Hacken’s Smart Contract Audit and Omniscia’s Security Analysis

Trader Joe Partners with Yeti Finance, Decentralised Borrowing Protocol Launching on Avalanche

Yeti Finance Partners with Trader Joe to offer up to 11x leverage at 0% interest on JLPs, sJOE and…