The YieldYak Gazette - Consolidating My $YAK and Climbing Peaks On Mantle
Welcome to the Yield Yak Gazette, the newsletter that will fill you up with good vibes, top APY and yak news! Have you seen the new dashboard and the Portfolio updates? Yield Yak got smoother, and the UI got enhanced with even more stats!
The "Explore" feature now shows the best available yield strategies for the selected token, highlighting the whole range of options. The switch from "All Yield" to "My Yield" is done with one click, and a new filtering system has been implemented.
The Yak Pack can explore yield strategies and see the highest equivalent APY for the asset across Avalanche, Arbitrum and Mantle. All similar strategies are displayed along their performance, making it easier to compare and highlight the best performing pools.
Summer vibes and new "Portfolio" on YieldYak! The new feature lets the YakPack track the performance of their positions in one simple and intuitive place. Portfolio gives an unified display of all cross-chain YieldYak positions on Avalanche, Arbitrum and Mantle!
The default setting is to display active positions, but this can be changed to include all historical deposits. The dashboard will show Current Value, Net Deposits, Returns and Growth. The current value will show the position value in the underlying token and USD values, and the net deposits will do the difference between what went in and the total withdrawals.
The returns are the simple percentage of the return divided by net deposits, while the growth percentage will show the growth in the position since the last transaction. APY value will display the growth annualized using the time since the last deposit and the most recent reinvest for the strategy.
Witness the power of YieldYak while browsing the portfolio! GLP grew by 3.9% in 4 months, that's the equivalent of 12.3% APY! The $AVAX stash growing up nicely as well, and the $YAK will auto-compound as well! Happy farming crypto bro!
YieldYak is the most popular and most used optimizer on Avalanche, due to the great variety of opportunities that it offers. An optimizer is in charge of maximizing the annual percentage of rewards that users can get when farming or staking your cryptocurrencies on other platforms
Last month I used the Yak Bridge to move my assets cross-chain, and it reached the destination faster than I could say Everest! The fee was low and the experience was smooth! One full $YAK was transferred to Avalanche, and even had the opportunity to vote with it!
I reached the $YAK target for 2024, but this wasn't the end of the story! l love long-term strategies that will create a stream of passive income, and the YieldYak auto-compounding pool is the best way to tap into innovative DeFi! That's why I added 0.2 $YAK into the pool, ready to tap into that sweet 16.6% APY!
When you reach your goal... set a bigger goals" is probably one of my most used quotes! I had to find a higher mountain, and the new goal for 2024 is to raise my $YAK holdings to two full tokens!
With Yield Yak I can add crypto and enjoy the full package... optimized yield, no waste on gas, and perpetual earnings. Another slice was added towards the end of the month, upgrading the total to 1.45 $YAK! Summer brings accelerate farming!
The fees on Avalanche aren't low as on Arbitrum, but the better APY will make the yield worthy! If the Yield Yak yield is great and the bridge works super, then the YakSwap must be ranked as awesome!
Swapped 3.54 USDC for $AVAX, as I was running out of gas money, and received more than I exchanged! The USDC was swapped for 0.1 $AVAX, worth $3.58 through a hop via Uniswap! Can your DEX provide such a great rate?
I said above that the new UI shows the yield strategies and the highest equivalent APY for the asset across Avalanche, Arbitrum and Mantle. There's no mistake... Yield Yak is also available on Mantle!
Mantle is also a modular Layer-2 Ethereum scaling solution and the first to leverage EigenDA for data availability. Why Mantle? Because the chain is built on top of the Ethereum blockchain, as a Layer-2 scaling solution that alleviate the mainnet issues from processing every individual transaction.
Lots of fancy words and new crypto opportunities! I claimed all my rewards earned from voting on Stratum, and swapped most for $MNT! Wrapped it and add it in the Lendle pool on Yield Yak to compound.
Mantle is one of the best capitalized Layer 2 chains being incubated by ByBit enabling a robust ecosystem of diverse projects for users to experience and a rich set of partners for Stratum's liquidity layer to support.
Mantle can securely log transactions occurring on the Layer 2 through off-chain computation, before settling the rollup of transactions on-chain. We all love modular solutions! Also Mantle has the best APR for $YAK staking!
The $YAK pool is not auto-compounding, and the 32.3% APR will generate $MNT rewards. Dusted the low valued tokens and managed to get 0.1 $YAK from the dusting! It's not a huge amount but I can have fun while climbing new mountains on Mantle!
Residual Income:
Airdrop Hunting: Layer3 / Mode / Blast / Linea
50% discount on Scroll Canvas: use code TFNWC
Content: Publish0x/ Hive / GrillApp
Play2Earn: Upland / Splinterlands / Doctor Who
Cashback Cards: Plutus Card / Crypto.com
$ZEC: PipeFlare / GlobalHive
PVM The Author - My Amazon Books
