The Weekly Yax #2: Champions Programme & Bounty Board
The Weekly Yax is a way to keep up with the yAxis Project.
Every Sunday, we highlight the major news and developments, alongside key takeaways from the week’s episode of Ya Herd?
Major News & Developments
- April 26th Vfat, the popular DeFi farming tool provider, integrated yAxis.
- April 27th yAxis Analytics Dashboard went live on Dune Analytics.
- April 28th kicked off the The Great Harvest Forum discussion.
- April 29th Yearn v2 DAI strategy went live in MetaVault.
- April 30th marked the 2nd episode of Ya Herd?
- May 1st introduced the first successful MetaVault harvest and YAXIS buyback.
Ya Herd? Week #2 Key Takeaways
- Champions Programme: The Champions Programme and Bounty Board enable yAxis to incentivize and leverage its community to remain resilient, nimble, and true to its roots. Passion for the Project and democratizing access to DeFi above all else.
- yAxis Analytics Dashboard: The yAxis Analytics Dashboard is the first major output from the Bounty Board, helping to validate the success of this approach and highlighting the talent in the yAxis community. The Dashboard, created by sh4dow (@sh4dowlegend on Twitter), helps the community accurately track the growth of yAxis over time. Sh4dow was moved to contribute to yAxis by its community focus and welcomes community feedback and suggestions to add new metrics in the future.
- Smart Contract Interactions: The yAxis MetaVault currently does not allow smart contract interactions to mitigate flash loan risk and ensure the highest level of security. TransferAndCall, Solidity Developer and Head of Security at yAxis, has developed a solution for enabling smart contract interactions while retaining the same level of security, an innovation that will launch with Canonical Vaults. By enabling smart contract interactions, yAxis could choose to whitelist vetted project partners and open up additional capital sources to deposit into its Vaults, driving TVL and revenue.
- Bitcoin Bridge for v3: Bobby, Team Lead at yAxis, is in the process of securing a partnership with a Bitcoin bridge provider to bridge native BTC to the BTC Canonical Vault in v3. This Bitcoin bridge would reduce user friction, expand yAxis’s addressable pool of capital, and onboard more of the Bitcoin community to DeFi.
The full recording of this week’s episode can be found here.
yAxis Project Stats of the Week
- MetaVault TVL up over 63% week-over-week to $166.6 million.
- MetaVault 71.17% APY.
- YAXIS staking 3,512% APY (360% APR) and LP 3,575% APY (420% APR).
- yAxis Project Discord members up nearly 15% on the week to over 3,100 members.
Community Content Spotlight
This week’s community content spotlight goes to Silver Bone (@silverbonegg on Twitter). Silver Bone had a MetaVault withdrawal issue, and the yAxis team worked swiftly to resolve this issue in a fair and transparent manner. He shared his experience below:
In the yAxis Project Discord, Silver Bone also added: “You guys are awesome! I’ve deposited back in — this team has my faith.” As a community-owned & community-run project, yAxis always strives to be honest and responsive to its users. This mission-driven ethos and value set is truly what sets yAxis apart.
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. 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.
Completed Bounties
- Analytics & Insights Dashboard
Bounties in Progress
- Content Writer
- Graphic Designer
New Bounties Added
- Community Networking Champs
- Strategy Developer
- Partnership & Collaboration Opportunities
That concludes the second edition of The Weekly Yax. Thank you for reading and looking forward to many more!
Onward and upward, Yax Herd!
