The Weekly Yax #1: Token Swap & Distribution

Introducing The Weekly Yax, a weekly article for Herd members and newcomers to keep up with the yAxis Project.

Every Sunday, The Weekly Yax will highlight major news and developments, alongside key takeaways from this week’s episode of Ya Herd?, Project stats, bounties, and more.

Major News & Developments

  • April 17th marked the successful migration from YAX to YAXIS, the new upgraded ERC-677 token with Transfer and Call functionality.

Ya Herd? Week #1 Key Takeaways

  1. ERC-677: The next step in yAxis’s commitment to make DeFi more accessible. By eliminating the need for token approvals when using the YAXIS token, purchasing, staking, and claiming YAXIS is now cheaper and easier.

yAxis Project Stats of the Week

  1. MetaVault TVL up over 7440% week-over-week to $102.9 million.

Community Content Spotlight

This week’s community content spotlight goes to shadow (@sh4dowlegend on Twitter). Shadow developed a spreadsheet to help community members decide the best frequency for them to claim and restake their YAXIS staking rewards.

As a community-run & community-owned project, yAxis welcomes all community contributions and strives to make the project easy and accessible to all.

Join Us: Bounties & Jobs

Coordinated by the yAxis Champions Programme, the yAxis Bounty Board lists requests for proposals (RFPs), where community members can respond to specific Project needs and receive compensation upon task completion. If you are a believer in the Project but lack the resources to acquire YAXIS tokens, this is your chance to start your stack. If you are a passionate holder, this is your chance to not only grow your stack, but create value for the Project such that each individual token appreciates.

See the current opportunities below and check the Bounty Board frequently as more opportunities will be added over time. You have the opportunity to shape the next era of yAxis. Reflexive democratization. Powerful.

That concludes the first edition of The Weekly Yax. Thank you for reading and looking forward to many more!

Onward and upward, Yax Herd!

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