YAKA Finance is gearing up for multiple airdrops, ensuring fair token allocation to all community members. Additionally, YAKA Finance operates a points system, rewarding users for various activities such as utilizing the protocol's Swap and Liquidity features, engaging in testnet activities, and participating in the referral program.

About YAKA Finance

YAKA Finance is a DeFi protocol on the Sei Network, aiming to revolutionize DeFi with its Launchpad and DEX. Unlike traditional DEXs, YAKA Finance focuses on both user-friendliness and ecosystem integration, serving as a liquidity hub within the SEI ecosystem. It integrates the liquidity flywheel of VE (3,3) with a launchpad, creating an optimal environment for SEI trading and attracting protocol participation.

One of its innovative features is the introduction of Yaka Voyager NFTs, which offer minters and stakers a share of the YAKA token airdrops and the DEX trading fees, aligning them with the long-term vision of YAKA Finance. The protocol also won 1st place in the Code Sei Hackathon and received grants from the ecosystem, showcasing its innovation and competitiveness. Additionally, YAKA Finance implements a revenue-sharing model, allocating 50% of the funds raised for liquidity and liquidity incentives, and optimizing minting quantities to incentivize early supporters.

The platform features two tokens:

$YAKA: This serves as the utility token and is provided to liquidity providers through emissions. $veYAKA: This functions as the governance token in the format of an NFT. Liquidity providers can stake $YAKA and acquire $veYAKA, which grants them voting rights.

PROJECT UPDATES:

• Mainnet goes live on July 12, 2024