Chapter 1: Yield Yak Gazette Overview

Welcome to the Yield Yak Gazette, your go-to newsletter for uplifting news, top APYs, and all things yak-related! With the arrival of DeFi summer, we're greeted with exciting surprises and rewards! Yield boosts, additional APY, Arbitrum LTIPP rewards, Rivo points, LayerZero eligibility, and much more are on the horizon! Can Yield Yak possibly get better?

Absolutely! Yield Yak continues to advance and innovate! Selected strategies have been rewarded with up to 180,000 $ARB and 40 $YAK, focusing on auto-compounding $STG, $USDC, and $USDT for a thrilling triple-reward experience!

Our growth was illustrated by reaching a significant milestone, with Arbitrum’s total value locked (TVL) hitting $5,000,000. As the TVL rises, so do the associated fees. Currently, the $YAK Arbitrum APY remains a comfortable 6%, and the value of $YAK is steadily increasing thanks to ongoing buybacks!

Before we dive into my birthday festivities, let me summarize Yield Yak for newcomers! This platform is renowned for being the most popular optimizer on Avalanche, offering a wide array of opportunities. An optimizer aims to enhance the annual percentage yield (APY) that users can obtain while farming or staking their cryptocurrencies on various platforms.

Optimizers utilize the rewards users earn to exchange them for the cryptocurrencies being farmed or staked, subsequently reinvesting those assets back into the farm. This generates compound interest by reinvesting the rewards. Just relax and let the earnings flow!

The Yield Yak dashboard has been revamped for on-chain summer, introducing the "explore" feature. This allows the Yak Pack to investigate yield strategies and identify the highest equivalent APY for assets across Avalanche, Arbitrum, and Mantle. All similar strategies are displayed alongside their performance for easier comparison.

Yield Yak also offers one-click leveraged farming strategies tailored for borrowing and lending markets like Aave, Benqi, and more. These strategies enhance your single-asset deposits, automatically compound returns, and save you valuable time.

I personally favor long-term strategies, with auto-compounding pools being my top choice! Adding crypto is straightforward, allowing me to reap the benefits of optimized yields without wasting gas, resulting in ongoing earnings. It quickly became apparent that $YAK is a gem, motivating me to become a holder. Setting a goal of one full $YAK, I aimed to accumulate 0.1 each month.

However, a series of fortunate events expedited my journey to achieving this goal within just six months. I wanted to reward myself for my birthday and liquidated my $GNOME — $ETH LP on Harvest Finance. The APY had plummeted from an exceptional rate to 1.5% after six months of farming, but I embraced a 4x return on my investment!

I retained the ETH, a crucial asset on any blockchain, and opted to exchange some $GNOME for $YAK! Singing "Happy Birthday!" while using Rabby Wallet, I swapped 1550 GNOME for $YAK. This swift action allowed me to reach my target of holding one full $YAK, needing just 0.499 to complete the celebration!

Fast forward to my birthday, I gifted myself a completed goal! It's not a grand gesture, but it's a rewarding achievement! Now I feel like a true member of the YakPack! Moving forward with pride, my Yak journey continues. I've staked my assets, letting compounding work its magic, and I'm thrilled to watch my 1.03 $YAK flourish!

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Chapter 2: Exciting Yield Yak Integrations

I'm buzzing with excitement about my achievement and the new integrations and partnerships for Yield Yak. This summer, Avvy Domains was introduced, allowing users to see their custom domain and avatar when connecting to Yield Yak. Additionally, the $ZRO airdrop brought good news, as the infrastructure provider behind $YAK’s omnichain capabilities made many eligible for the LayerZero airdrop. It was great to see an extra $ZRO added to my allocation!

The month also brought a delightful surprise with Rivo Points! The Rivo points program's early stage included a temporary Early Points campaign designed to reward users from partner projects who interacted with smart contracts over the past year. I was one of the 3,144 fortunate users to claim points, receiving 500 Rivo points for staking AVAX on Yield Yak!

Rivo offers a diverse range of investment strategies aggregated from several trustworthy protocols, including Pendle Finance, Yearn, Silo, GMX, Velodrome, and others. Each strategy includes vital metrics such as annual percentage yield (APY), strategy token price, and total value locked (TVL).

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