yAxis introduces Vaults with market leading yields

yAxis is launching three new asset-based lockers to generate revenue on the Ethereum mainnet.

With the addition of tricrypto2, cvxETH and FRAX vaults, the multi-asset identifier revenue pool led by DAO now has a total of seven separate vaults in which users can deposit their digital assets.

summary

• Three new funds launched on the Ethereum Mainnet

• Safes based on Tricrypto2, CvxETH and FRAX assets

•  Automatic mixing without gas.

• vaults are built on top of the Convex Finance DeFi protocol.

•  Industry-leading April

•  Battle-tested bunker design

•  The code has been checked through two full audits

What yAxis Lockers Offer

Simply put, yAxis is built on the hugely successful convex finning protocol. By depositing digital assets into yAxis vaults, users not only benefit from a reliable revenue model, but also receive a healthy dose of YAXIS rewards on top. However, arguably more important is that vault users also benefit from the yAxis auto-install feature.

Save on Gas Costs with yAxis Carpooling

The yAxis protocol collects money from users, deposits it into associated convex pools, reaps rewards regularly, and then automatically multiplies those rewards. This auto-install feature helps to significantly reduce gas charges, while increasing profit potential.

Harvesting is done three times a month, so the gas savings increase quickly. yAxis manages all facilities independently, allowing users to sit back and watch their capital grow.

Don't forget to vote for power!

Another major feature of the vaults relates to the y-axis local government symbol, YAXIS. By locking YAXIS tokens into the protocol, users gain voting power in the form of veYAXIS (YAXIS Vote Guarantee).

Voting power is a key component of many cash yielding functions. First of all, the "personal reinforcement multiples (PBM)".

The PBM represents a "payment" for the Treasury bonus APR. With yAxis PBM, users can get up to 2.5 times more rewards. For example, a minimum Cash Bonus APR of 10% coupled with a maximum of 2.5x Boost will result in a Reward APR of 25%.

veYAXIS: DeFi token to judge doping

The YAXIS Token Lock also allows users to participate in the DAO-led competitive reward distribution. veYAXIS users can vote on how YAXIS rewards are routed through the various chests. Think of a seven-way tug of war with YAXIS tokens as the prize. This "gamification" of reward distribution has forced increasing amounts of YAXIS into governance contracts. At the time of writing, over 44% of YAXIS' circulating supply is limited to governance.

The multifaceted utility of the YAXIS token is making headlines in the crypto space, with Defi Pulse describing the token as a “DeFi Gov token on steroids.” TheDefiant recently highlighted yAxis as an early mover in the closed governance token model.

A vision for the future

Speaking about the launch of the vault, YAxis spokesperson Mr. El Sayed said, “We are very excited to launch three new yAxis vaults on the Ethereum mainnet. When we considered the yAxis project for the first time around, one of our main goals was to create a protocol with an infrastructure that would enable the rapid deployment of multiple vaults and strategies. With the seamless deployment of Tricrypto2, CvxETH, and FRAX vaults, the team believes that the initial vision paid off and that our initial design choices were justified.

Mr Mister continued, "What's really exciting is that we now have a proven and reliable model for expanding Vault, it's time to scale it up and expand it to other chains. That being the case Said, our next step is to deploy the battle-tested vault architecture on the fast-growing, low-end Avalanche Network. Fresh. See you soon."

What the yAxis chests offer short, yAxis is based on the highly successful Convex Finance protocol. By depositing digital assets in yAxis vaults, users not only benefit from a reliable revenue model but also receive a healthy dose of YAXIS rewards. 

Most importantly, Vault users will also benefit from the yAxis Auto Compound feature. Save on gas bills with yAxis Auto CompoundThe yAxis protocol collects funds from users, deposits them into the corresponding convex pools, collects rewards periodically, and then automatically aggregates them. This auto-connect feature will help you save significantly on gas bills while increasing your earning potential.

Harvesting occurs three times a month, so your gas savings quickly add up. yAxis does all the assembly itself, so users can sit back and watch their capital grow. Don't forget the power of your voice! Another key feature of the vaults is the native YAXIS management token YAXIS. 

By including YAXIS tokens in the protocol, users get voting rights in the form of veYAXIS (YAXIS Voting Deposit).voting rights are an important part of many profit-generating vault features. First, “Personal Enhancement Multipliers (PBMs)”.PBM represents the custom "BOOST" APR in the vault.

A future visionMrMister, Spokesperson forYAxis, said of the Vault launch: “We are absolutely thrilled to launch three new Y-Axis Vaults on the Ethereum main net. When we first envisioned the yAxis project, one of our main goals was to create a protocol with a core architecture that allows for the rapid deployment of multiple repositories and policies. With the seamless implementation of Tricrypto2, CvxETH, and FRAX vaults, the team believes that the original vision has almost come true and our original design decision was justified.

Mr. Mister continued, “What's really exciting is that now that we have a proven and reliable model for extending the vault, it's time to scale it up and extend it to other networks. With that in mind, our next step is to implement our proven Vault architecture on top of the low-cost and fast-growing Avalanche network.See you there." 

The term "y-axis" refers to the vertical axis in a two-dimensional coordinate system. In such a system, the x-axis represents the horizontal dimension, while the y-axis represents the vertical dimension. Together, these axes allow you to locate and describe points or objects within the coordinate plane.

The y-axis is typically perpendicular to the x-axis and intersects it at the point called the origin, which is denoted as (0,0). The positive direction of the y-axis is usually upwards, and the negative direction is downwards. The y-coordinate of a point on the plane indicates its vertical position relative to the origin or another reference point.

In mathematical equations and functions, the y-axis is often used to represent the dependent variable, while the x-axis represents the independent variable. This convention allows for graphing and visualizing relationships between variables. For example, in a graph of distance over time, time would be plotted on the x-axis, and distance would be plotted on the y-axis.