GMX <> Yield Yak Collaboration

Proposals
13

Hey, yeah I see your concerns here…

Want to address them:

  1. It’s not given away but swapped for another protocols token, which is also yield generating. GMX would become the largest stakeholder in YY if this goes through and would allow them to heavily influence the direction of the project. The upside for YY is substantial and there are no more token emissions.

  2. The esGMX is going directly to a vault to boost yields, incentivizing more deposits and also compounding those rewards. This is a win-win-win for GMX, YY and depositors.

  3. esGMX wars. This looks to be the start of the wars to accumulate as much esGMX as possible. YY are in the best position (today) as they’ve already accumulated a decent stack. Makes sense for GMX to have a stake in them.

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