Weekly Yax #4

  1. The Great Harvest (GH) Components:
  2. The Winter Stash: 200k YAXIS boost to staking and LP rewards for the autumn and winter seasons of Era 1, which is currently live.
  3. The Merkle Drop: 200k YAXIS to be shared by eligible addresses relative to their staked amount at the time of the drop in August.
  4. Era 2 Gauges: 600k YAXIS boost distributed proportionate to the time stakers choose to lock in Era 2.
  1. Motivation, Goals, and Value Proposition for GH: The motivation and goals for the GH are to reward early supporters, help grow their YAXIS stack, and generate opportunities to compound these rewards in future Eras by earning a larger share of yield farming profit. The value proposition for the Project is to help limit selling pressure, support the token price, and attract even more TVL in v3, driving revenue for holders.
  2. Eligibility for GH:
  3. Winter Stash: Any LP or staker through the end of Era 1.
  4. Merkle Drop: Only stakers, as they govern the Vaults and the Drop represents a boosted distribution of yield farming revenue, who staked by 11:59 pm UTC on May 15th through July 17th and do not withdraw from the address, sell YAXIS or sell YAXIS rewards of any kind. Attempts to game the system with late transfers or otherwise can expect to be excluded.
  5. Gauges: Only stakers with a time-lock component starting in Era 2. The time lock simulates vesting. More details to be released closer to launch.
  6. Bottom Line for GH: The GH presents a unique opportunity to grow your stack and leverage these gains in future Eras, especially with the game-changing nature of Canonical Vaults launching in Era 2. Follow the Merkle Drop eligibility guidelines provided and stay within the spirit of the program, and you will be rewarded.
  7. Sneak Peek at the Road Ahead: Questions discussed during this episode provided a sneak peek into the yAxis Partner Programme, which will help drive Vault TVL, and built-in vault deposit insurance, which will offer higher yield to those depositors willing to secure the deposits of others. More details on these initiatives will be communicated closer to their respective launches.
  1. MetaVault TVL $131 million, earning 38% APY.
  2. YAXIS staking 1,414% APY (273% APR) and LP 2,112% APY (353% APR).
  3. Over 2,920 YAXIS bought back with MetaVault revenue this week for distribution in The Great Harvest.

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