Read on Twitter
1/ We've been busy shipping this weekend! 
METAVAULT IS LIVE! 
TVL is >$7M. Vault is capped at $10M initially!
Been out of the loop? Here's an update on what's happening at yAxis
(and a cool video from @pplpleasr1 )
METAVAULT IS LIVE! TVL is >$7M. Vault is capped at $10M initially!
Been out of the loop? Here's an update on what's happening at yAxis
(and a cool video from @pplpleasr1 )
2/ The MetaVault is our flagship product
It operates a layer above other farming/aggregator projects.
Users can deposit different stable coins and will receive the same share of the vault and the same APY.
It operates a layer above other farming/aggregator projects.
Users can deposit different stable coins and will receive the same share of the vault and the same APY.
3/ Initial MetaVault strategy: 
pJar 0c + p3crv $PICKLE farming + $YAX rewards
80% of farmed PICKLE and re-invested in the vault
MetaVault depositors earn 4k YAX per week currently!
pJar 0c + p3crv $PICKLE farming + $YAX rewards
80% of farmed PICKLE and re-invested in the vault
MetaVault depositors earn 4k YAX per week currently!
4/ What can you do with your YAX? 2 things:
1. Stake YAX in our staking contract:
20% of harvested PICKLE is sold to YAX then distributed to stakers
Staking also gets more YAX rewards! (6k YAX / week)
All rewards are auto-compounded for the user! No need to waste gas!
1. Stake YAX in our staking contract:
20% of harvested PICKLE is sold to YAX then distributed to stakers
Staking also gets more YAX rewards! (6k YAX / week)
All rewards are auto-compounded for the user! No need to waste gas!
5/ 2. Provide liquidity for YAX/ETH pair on uniswap 
In addition to profits from fees, we are incentivizing LPs with 9k YAX/week currently!
In addition to profits from fees, we are incentivizing LPs with 9k YAX/week currently!
6/ Rewards summary 
Currently 19k YAX distributed weekly as follows:
21% MetaVault Depositors
32% YAX stakers
47% liquidity providers (YAX/ETH)
Rewards will taper over 6 months
Currently 19k YAX distributed weekly as follows:
21% MetaVault Depositors
32% YAX stakers
47% liquidity providers (YAX/ETH)
Rewards will taper over 6 months
7/ What’s next this week?
1. Clean up and simplify our UI
2. Publish 2 independent reviews of our MetaVault code (reviewers will receive 10 ETH bounty). These will NOT be "official" audits, but we are working towards that soon.
1. Clean up and simplify our UI
2. Publish 2 independent reviews of our MetaVault code (reviewers will receive 10 ETH bounty). These will NOT be "official" audits, but we are working towards that soon.
8/ Is it safe?? 
We are in unaudited beta so please DYOR and use caution but..
-Share price is calculated with “get_virtual_price()” (prevents recent flashloan exploit)
-We don’t allow smart contract interaction with MetaVault at this time.
-We have a $10M deposit cap.
We are in unaudited beta so please DYOR and use caution but..
-Share price is calculated with “get_virtual_price()” (prevents recent flashloan exploit)
-We don’t allow smart contract interaction with MetaVault at this time.
-We have a $10M deposit cap.
9/ We are currently working on v2 MetaVault which can change between whitelisted strategies based on governance decisions. No additional interaction from vault depositors!
The "average" investor is a passive investor (who isn't here yet). We are building for them too!
The "average" investor is a passive investor (who isn't here yet). We are building for them too!
