yAxis is a DeFi yield portfolio that grows digital assets deposits through active management by the DAO. The v3 Canonical Vaults allocates capital across a range of farms. Allocations are governed by a DAO, where token holders vote to steer yield and ultimately direct yield strategies. .
## What Are YAXIS Tokens?
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 and allows them to boost personal and global yields.
## How Does yAxis Work?
The goal of yAxis is to create a yield portfolio which can obtain the best return by taking advantage of other existing yield aggregating platforms such as Yearn Finance or Convex Finance. yAxis operates above these platforms and can switch between deployed strategies in order to maximize yields. yAxis also serves as an auto-compounding platform to save users on gas fees.
Currently, the flagship product is the V3 Canonical Vault, supporting native and delegated strategies across BTC, ETH, LINK and more. Governance also plays a key role in determining how yAxis Project will launch new strategies and products.
## V3 Canonical Vaults
The V3 Canonical Vault is the current iteration of yAxis' flagship product. The BTC-, ETH-, LINK-, and USD-based vaults offer a base yield, whilst YAXIS holders vote to boost personal and global vault earnings.
Whenever there is a better strategy available, the vaults will deploy underlying deposits into the appropriate yield strategy to chase return optimal earnings. Users can choose to withdraw their funds anytime by withdrawing their deposits.
## Governance
Strategies are decided by the community by staking YAXIS tokens on the governance platform. YAXIS holders can also boost their personal APR on the vaults by locking into the gauges. Voting Power is awarded in return for locking YAXIS, which can in turn be used to boost global APR for the vaults. In return for participating in governance, those with Voting Power will receive a share of the platform’s performance fee.
## How Can I buy YAXIS?
YAXIS can purchased at the following cryptocurrency exchanges:
*Uniswap
You can also earn YAXIS by staking on the yAxis platform. Users can also lock their YAXIS to boost their personal APR in the Governance section.
Users may also provide liquidity for the YAXIS-ETH pair on Uniswap. LP Tokens (Liquidity Provider) can then be staked on the YAXIS app to earn additional YAXIS rewards. To learn more about this and other yield farming programs, head over to the Yield Farming Learn resource.
How to Buy YAXIS on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing YAXIS. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing YAXIS.
Step 5: Purchase YAXIS
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of YAXIS you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy YAXIS.
Step 6: Store Your YAXIS
After purchasing, you can choose to store your YAXIS in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and YAXIS assets, be sure to use a strong password and enable two-factor authentication.
YAXIS Price:yAxis is a DeFi yield portfolio that grows digital assets deposits through active management by the DAO. The price fluctuates daily, You can go to the exchange: Bybit to check the price.
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