yAxis Staking

YAXIS can be staked in the yAxis Governance Portal. There is no minimum requirement.

Go to the yAxis Governance dAPP and choose the preferred lock-up period to stake your YAXIS.

Then confirm the transaction. You will receive interest-bearing veYAXIS.

Please note that YAXIS is not accessible during the lock-up time and there is no early withdrawal function.

By locking YAXIS tokens, users gain a % of Voting Power or (veYAXIS — voting escrow YAXIS).

Voting Power is a key component in many of the vault yield generating functions.

Users can receive up to MAX 2.5x Boost on their rewards. For example, a Minimum vault reward APR of 10% coupled with a MAX 2.5x Boost would result in a 25% Reward APR.

In addition, locking YAXIS also gives users a share of the Protocol Performance Fees, which are taken from a vault’s base strategy yield

What is even more exciting, the longer you lock your YAXIS tokens, the more Voting Power you gain. Tokens can be locked from 1 week to a maximum of 1 year.

There is some risks when Staking YAXIS including smart contract risk and lock up periods.

Please consider these risks before investing.

The YAXIS token serves as the governance token of the yAxis DAO. Stakers play the role of a decentralised portfolio manager. This earns them a percentage of the yield farming profits from the vaults.