YAxis (YAXIS)

From CryptoWiki

Basics

"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."

History

Token

Launch

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.

Other Details

Coin Distribution

Technology

Implementations

How it works

"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."

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Privacy Method

Compliance

Oracle Method

Their Other Projects

Governance

Admin Key

DAO

Treasury

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

Upgrades

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."

Bugs/Exploits

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].

Funding

Partners

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