Yak Incentives Program for DeltaPrime

Yak Incentives Program for DeltaPrime

DeltaPrime are building on top of Yield Yak to unlock liquidity across Avalanche DeFi. The potential for their products to positively impact Yield Yak is significant; it allows users to leverage up to 5x on their collateral and directly deposit on Yield Yak.

In order to further align the protocols and ensure that DeltaPrime share in the success and growth they drive to Yield Yak, we are proposing a YAK incentives program. Should the proposal pass, YAK rewards would be awarded based on a mixture of TVL and APR milestones.

The below table represents the rewards streaming rate depending on DeltaPrime’s Yield Yak TVL & average APR of this TVL.

Example: DeltaPrime are contributing $3M TVL to YY at an average APR of 17%. In this case they would be awarded YAK at a rate of 20 YAK per year.

Program Conditions:

• DeltaPrime can stake their YAK for AVAX rewards (and do with this AVAX as they like) but cannot sell their YAK tokens.

• TVL must be maintained over a 7 day period before being considered ‘achieved’

• Rewards will be in the form of linearly vesting compounding YAK which can be claimed at any time, and then unstacked to earn AVAX, instead of YAK

• Rewards rate will be upgraded or downgraded within one week of any milestone change

• Incentives program will run for 1 year before being re-evaluated