Price
$268.40
1/27/2023, 2:21:37 AM

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Market

Market stats

Market cap

-

Volume (24h)

$17,986.57

Circulating supply

-

All time high

$16,040.34

Price change (1h)

-0.91%

Price change (24h)

-1.36%

Price change (7d)

+9.27%

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Yield Yak is on the rise this week.

The price of Yield Yak has risen by 9.27% in the past 7 days. The price declined by 1.36% in the last 24 hours. In just the past hour, the price shrunk by 0.91%. The current price is $268.40 per YAK. Yield Yak is 98.33% below the all time high of $16,040.34.

The current circulating supply is 0 YAK.

About

What Is Yield Yak (YAK)?

Yield Yak is a community-driven project and a user-friendly tool to earn more yields from DeFi farming on the Avalanche network. Avalanche is a programmable and open smart contract platform designed for decentralized applications. Further, the project has its own token YAK that is powered by the community and has built and supported the economic and diverse auto compounder in the market. Auto-compounding is a process where yield farming rewards get automatically sold and re-added to the pool to achieve higher APY (annual percentage yield). Yield farming is a way of gaining interest in cryptocurrency, just like how individuals earn interest on any capital in the savings account. 

In order to support this yield framework, the project encompasses the following steps: 

  1. Every farm has a reservoir of deposits from the token users.

  2. Farms gain reward tokens (such as $PNG).

  3. Farms reinvest all the rewards, making everyone's deposits.

Further, Yield Yak allows all farmers to gain more yield by pooling the assets and mingling the prices compounding costs. The strategy implies much more traditional compounding, which occurs automatically. Notable Yield Yak farms compound happens every few minutes or hours. Reward tokens are transformed into deposit tokens in the name of all individuals in the pool multiple times a day, delivering users with a combined price disclosure to reward assets.

According to its whitepaper, to support this entire yield mechanism of the project, the project introduced its cryptocurrency, the YAK token. The YAK is the native utility token of the project and is used for:

  • Staking in the protocol;

  • Paying out rewards within the project;

  • Generating revenue for the project; and,

These utilities of the project ensure the development of a sound operational structure, which signifies the project is self-sufficient, where the community provides rewards, presents new strategies, offers key configuration updates, and contributes to growth. 

History of Yield Yak (YAK)

YAK has a total supply of 10,000,000,000 tokens.

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How much is 1 YAK?

Conversion Table

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Last update: 2:20 AM

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FAQ

What is the current price of Yield Yak?

We update our Yield Yak to USD currency in real-time. Get the live price of Yield Yak on Coinbase.

What is the market cap of Yield Yak?

The current market cap of Yield Yak is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Yield Yak?

The all-time high of Yield Yak is $16,040.34. This all-time high is highest price paid for Yield Yak since it was launched.

What is the 24 hour trading volume of Yield Yak?

Over the last 24 hours, the trading volume of Yield Yak is $17.99K.

What other assets are similar to Yield Yak?

Assets that have a similar market cap to Yield Yak include DAppNode, hiMFERS, Three Dildos Capital, and many others. To see a full list, see our comparable market cap assets.

How many Yield Yak are there?

The current circulating supply of Yield Yak is 0.

Can I buy Yield Yak on Coinbase?

No, Yield Yak is not currently available on Coinbase, but you can sign up to get the latest news on Yield Yak and be notified when it gets added to our exchange.