Looking forward to Yaggr v1.1
Introduction to Yield-Generating Tokens (ygTKNs)
Version 1.1 of the dApp will introduce the notion of ygTKNs for liquidity staked on Yaggr to aggregate yield collected on DeFi platforms on Binance Smart Chain such as SushiSwap, Ellipsis Finance, Blackmagic Money and GYRO Money as well as Ethereum based DeFi platforms such as Convex Finance and Curve Finance.
Yield-generating tokens are also useful components for lending protocols as the potential increasing value of the wrapped liquidity representing your original stake plus yield compounded, can be collateralised.
The following tokens will be available for yield aggregation strategies on Yaggr v1.1:
- Stake NRCH receive ygNRCH yield aggregated on Yaggr
- Stake BNB-NRCH SLP receive ygBNBNRCH yield aggregated on Yaggr
- Stake NRCH-wsGYRO SLP receive ygNRCHwsGYRO yield aggregated on Yaggr
- Stake EPS receive ygEPS yield aggregated on Ellipsis Finance
- Stake UST3EPS receive ygUST3EPS yield aggregated on Ellipsis Finance
- Stake CIM-BNB SLP receive ygCIMBNB yield aggregated on Yaggr
- Stake sGYRO receive ygsGYRO yield aggregated on GYRO Money
- Stake UST receive ygUST yield aggregated on Yaggr
- Stake MIM receive ygMIM yield aggregated on Yaggr
When users redeem ygTKNs from Yaggr, they will be charged a small fee for unstaking. The fee is yet to be decided, however, fees collected will be used to buy back NRCH and distribute the NRCH to single sided NRCH staking pools.
