The Weekly Yax #17: Gauges

  1. Added utility for YAXIS as a vault user can now generate “cash flow” from their YAXIS by boosting their yield on their vault position(s), driving inherent token value accrual.
  2. Increased scarcity for YAXIS as the locking component reduces the amount of supply actually circulating at a given time.
  3. Improved behavioral incentives by rewarding those who are willing to commit to yAxis and disincentivizing mercenary capital. Through this incentive structure, Gauges help maximize the utility and bootstrapping effect from yAxis’s emission phase, driving long-term value creation, network effect, and sticky capital — as discussed in Week 13.
  1. MetaVault TVL $4.94 million.
  2. YAXIS staking 59% APY (46% APR) and LP 37% APY (32% APR).
  3. Nearly 630 YAXIS bought back with MetaVault revenue this week for distribution in The Great Harvest.

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