FAQ
Frequently Asked Questions
Last updated
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Frequently Asked Questions
Last updated
Was this helpful?
yAxis vaults were designed with security as a top priority. The MetaVault has been audited by several independent firms. Audits do not nullify smart contract risk, however. Before making a deposit, research and understand the risks involved.
yAxis is launching on Avalanche in March of 2022. It will be expanded to additional L2 and blockchain networks in the future.
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.
Earlier in the yAxis lifecycle (early 2021) a token swap was conducted, from YAX to YAXIS. The original YAX token has no utility within the current YAXIS space.
MetaMask
Trust
Argent
Status
Coinbase
Fortmatic
Lattice
Frame
Authereum
Magic
Portis
Torus
Ledger
Trezor
Simply locking the YAXIS token is enough to participate in governance. Votes are determined by your locked YAXIS (which is represented as veYAXIS (voting escrow YAXIS), and voting is held on Snapshot and announced in advance on social media channels like Discord, Telegram, and Twitter.
Rather than traditional staking, yAxis provides you the ability to lock up YAXIS into governance in order to participate in weekly votes for bonus emissions/interest on your investment.
If you still have questions, please watch this video or contact us in Discord.
Your first option is simply to try connecting to the yAxis dAPP (yaxis.io) on Avalanche. To do this you can visit the app, and click on the upper right. By default it will show the Ethereum diamond symbol. This will open a "chain selection" menu, where you can select Avalanche.
This will prompt you with a screen that looks like the one below.
Note: In our testing this showed a possible "error" from MetaMask saying the Chain ID is not accurate, but as long as it says 43114 you are fine. 43114 is the correct Chain ID.
If this looks good, you can click "Approve," which will add the Avalanche information to your wallet. You are now ready to use yAxis on Avalanche!
You have a section option, if you aren't comfortable letting Avalanche auto-configure your wallet. You can manually input the settings and it only takes a minute to complete.
Log into MetaMask -> Click the Network drop-down -> Select Custom RPC
Network Name: Avalanche Network
ChainID: 43114
Symbol: AVAX
If you still have questions, please watch this video or visit us in Discord.
This is a frequent question. Curve is a brilliant DEFI protocol and it's ecosystem with Convex is industry leading, which is why yAxis on Ethereum focuses heavily in bringing value to their strategies. But the Curve web app and interface is a little confusing.
In the simplest terms, you need to "Deposit" the underlying tokens into Curve's app and it will return those as a Curve token that you can invest into the yAxis vaults. Below are the steps to complete this action, using ETH as an example:
2.) Once there, you will deposit the underlying tokens that combine to create a CVXETH token - Convex and Ethereum. Once you select the number you want to create, you select "Deposit."
3.) Do not select "Deposit and Stake." That will stake your tokens into Curve directly, which means you will not get any of the perks that come from staking through yAxis.
YAXIS Address on Ethereum:
A maximum of 1 million YAXIS tokens was generated through the initial token swap from YAX. The supply will rise to a cap of 11 million over the course of a year, with the vast majority of the tokens being mined for community distribution. The current circulating supply can be found on .
The YAXIS token is available on Ethereum at .
The YAXIS token is available on Avalanche at
Instructions for investing your YAXIS can found .
Instructions for providing liquidity and staking LP tokens can be found .
Yes you can. Note that fees apply. You can use the to move tokens to Avalanche or back to Ethereum. Note there is a minimum fee of 0.1% or 11 YAXIS (whichever is greater) to bridge using Multichain.
New RPC URL:
Explorer:
1.) In this example you want to invest in the Convex vault on yAxis. The token required to do so is called CVXETH To obtain the CVXETH token visit Curve's deposit page for CVXETH here: .
4.) Once you have your CVXETH tokens, you return to and "Deposit" your tokens into the vault. This is the same process for any token.
YAXIS Address on Avalanche:
Multichain URL:
TraderJoe Address (to buy on Avalanche):
Uniswap Address (to buy on Ethereum):
Snowtrace Blockchain explorer:
