YAxis (YAXIS)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:
• From CoinGecko (24-6-2021):

"yAxis markets itself as a meta yield farming aggregator that is able to switch the underlying assets when deploying strategies. Yield farming strategies are governed by a DAO, where token holders vote regularly to implement the best strategy out of a selection of strategies provided by multiple yield aggregators."

Token

Token Allocation

• 10% of YAX tokens is saved into a community treasury which could be deployed via a governance vote (24-6-2021).

Utility

• The YAX token is yAxis’s native governance token.

Technology

• Whitepaper can be found [insert here].
• Code can be viewed here.

Implementations

• Built on: Ethereum, yEarn, Pickle Finance

How it works

• From CoinGecko (24-6-2021):

"The goal of yAxis is to create a meta yield aggregator which can obtain the best yield by taking advantage of other existing yield aggregating platforms such as yearn.finance or Pickle Finance. In other words, it operates above these platforms and can switch between platforms that offer better yields."

Governance

Treasury

• 10% of YAX tokens is saved into a community treasury which could be deployed via a governance vote (24-6-2021).

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found here (4-6-2021) with 50K or over.
• Got a score of 43% on DeFi Safety (4-6-2021): "yAxis has had a Quantstamp audit and Haechi audit on Feb. 19th 2021 for their MetaVault V2 which was launched on Feb. 22nd 2021. Clearly the Quantstamp audit was done after deployment, found real concerning weakness which were not addressed by re-deployment. For this reason the 70% score is reduced to 50%." With the comment: "Kinda weak across the board.  No docs, limited testing and concerning audits done after deployment.  More work and communication preferred."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

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