Token Utility

The YAXIS token serves as the governance token of the yAxis DAO and a reward for participants in the ecosystem. Users may earn tokens in three different ways: staking, providing liquidity, and depositing assets into the vault.

Users who submit the YAXIS token into the Governance protocol will gain "voting escrow" or veYAXIS that provides them:

1. Voting power in the DAO

2. Voting power in the weekly "tug of war" on bonus vault emissions

3. Used to determine portion of protocol fees for airdrops or fee sharing

Using and Investing YAXISProviding Liquidityv3 – Canonical Vaults