Yaka Finance ($YAKA) Token Airdrop Guide: The Fairest Airdrop!

Yaka Finance ($YAKA) is Sei Network’s primary liquidity engine. They have already confirmed the details of the airdrop (yes, multiple airdrops!). Most importantly, our findings show that Fair Token Allocation To all community members! The following is the Yaka Finance ($YAKA) token airdrop guide.

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Check out our Yaka Finance ($YAKA) token airdrop guide.

What is Yaka Finance ($YAKA)?

Yaka Finance ($YAKA) is Sei Network’s primary liquidity engine. Some features of Yaka Finance include:

• Liquidity hub within the SEI ecosystem: Yaka Finance aims to create an optimal environment for SEI trading and encourage protocol participation by integrating VE(3,3)’s liquidity flywheel with Launchpad.
• DEX with NFT utility: Yaka Finance introduces the Yaka Voyager NFT, which aligns with Yaka Finance’s long-term vision by providing Minter and stakers with YAKA token airdrops and a portion of DEX trading fees.
• Codesay Hackathon Winners: Yaka Finance demonstrated its innovation and competitiveness by taking first place in the “Code Sei: Powering New Gaming and Defi Exchanges” hackathon and receiving grants from the ecosystem.
• Protocol with revenue sharing model: Yaka Finance designs NFTs to optimize issuance quantity and provide incentives to early supporters, as well as allocate 50% of funds raised for liquidity and liquidity incentives.

What is Yaka Finance ($YAKA) token?

Yaka Finance’s native token is known as $YAKA. They also have $veYAKA tokens. $YAKA will be Yaka Finance’s utility token, and $veYAKA will be a governance token in the form of an NFT.

The uses of YAKA tokens are as follows:

• Provide liquidity: Users can earn $YAKA tokens by providing liquidity to the protocol pool.
• Governance Participation: Users can lock their $YAKA tokens for up to two years and receive $veYAKA tokens, which are NFTs representing voting rights and access to protocol revenue.
• gauge vote: Users can use $veYAKA tokens to vote on a pull-in gauge that provides dynamic rewards based on weekly allocations. Users may also receive bribes from third parties in exchange for their votes.
• Claim your proceeds: Users can claim their share of transaction fees and bribes from the gauge they voted on after every epoch, which lasts for 7 days.
• lock: If you lock up 100 $YAKA for 2 years, it becomes 100 $YAKA. Meanwhile, 100 $YAKA can become 25 $veYAKA, locked up for 2 years.

On the other hand, $veYAKA tokens are used for the following purposes:

• Protocol Revenue Access: $veYAKA token holders can vote on the gauge every week and receive 100% of the trading fees and bribes for the relevant pool.
• Governance participation: $veYAKA holders can participate in governance and vote on protocol improvement proposals.
• Voting benefits: $veYAKA voters are entitled to transaction fees generated by the pool they vote for, bribes deposited into the pool they vote for, and weekly $veYAKA distributions.

How to receive Yaka Finance ($YAKA) token airdrop?

Yaka Finance ($YAKA) mentioned several actions that could potentially qualify for the airdrop.

Yaka Finance ($YAKA) Airdrop Review

There are several factors to consider when reviewing airdrops. First, there is a possibility that the project will conduct an airdrop in the first place. We will then look at how many tokens the project will allocate to the airdrop campaign and the difficulty of participating in the airdrop. It is also important to look at the utility of the token to ensure there is a real use and purpose for participating in the airdrop in the first place. Lastly, a factor to consider when reviewing an airdrop is whether a lock-up period applies to the airdropped tokens.

Airdrop possibilities: Yaka Finance ($YAKA) airdrop has begun!

Airdropped token allocation: Yaka Finance confirmed that it will reserve 12 million tokens (6% of the token supply) for the airdrop campaign with a one-month lock-up period.

Airdrop Difficulty: The Yaka Finance airdrop requires participants to interact with the testnet and complete simple social tasks on the Galxe page. The only real-world asset needed is a small amount of $SEI to pay for the gas fees for issuing NFTs.

Token Utility: Yaka Finance ($YAKA) tokens are intended for providing liquidity, governance, and eligibility for rewards.

Token Lockup: Airdropped Yaka Finance ($YAKA) tokens will be locked for 1 month after the token creation event.