Yield Yak x Geode Finance x Eden Network team up to bring liquid staking to Avalanche

Introducing yyAVAX


  • Yield Yak will be launching yyAVAX, a new yield-bearing liquid staked version of AVAX which will unlock rewards currently reserved for AVAX staked on the Avalanche P-Chain
  • Geode will provide the trustless liquid staking product with dynamic withdrawals via Yield Yak’s user interface
  • Eden Network, core infrastructure specialists who redistribute miner extractable value on the Ethereum network, will run validators on the P-Chain and reward yyAVAX holders with additional yield generated from their operations, further boosting the yyAVAX value vs AVAX
  • Geode’s Avalanche Fuji Testnet launch is in progress. Contracts are currently under audit. Launch is being targeted in coming weeks with more details on yyAVAX utility still to come

How does it work for users?

Users will be able to deposit AVAX on Yield Yak and receive yyAVAX.

How it works: yyAVAX

What is Liquid Staking?

Currently, ~60% of all circulating AVAX is locked on the P-Chain which secures the Avalanche network. Validators and delegators earn AVAX rewards in exchange for staking (for a minimum of two weeks). AVAX on the P-Chain lacks any additional utility, as it cannot also be used on the C-Chain to take part in the burgeoning Avalanche ecosystem.

What’s Next?

Geode’s liquid staking product is currently in testing on Avalanche Fuji Testnet and an audit is already in progress with the yyAVAX launch date targeted in the coming weeks.

About Yield Yak

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.

About Geode

Geode Finance provides DAOs like Yield Yak with the ability to provide a liquid staking solution to their users. By providing DAOs with the infrastructure, their own staking token derivative and exit liquidity, Geode are able to open up the opportunity for vastly improved yields and capital efficiency for users across the whole of DeFi.

About Eden Network

Eden is a priority transaction network that protects traders from frontrunning, aligns incentives for block producers, and redistributes miner extractable value. They also pioneered staker extractable value, an initiative that allows stakers of the EDEN token to earn rewards based on their trading volume. Get paid to trade.



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