🥁 Yield Yak Heads to the Mill: Token Mill Farms are LIVE, plus Yak Swap Integration
gmYAK
Yesterday, Token Mill launched on @avax from our friends @LFJ_gg. Contributors have been in the Mill exploring, and today two integrations are now live:
👩🌾 Token Mill Farms
TM has been built to nurture a positive community flywheel effect for new tokens with a significant share of fees going to creators and stakers. The default TM settings are 60% of fees to token stakers 💰.
🎡 This can now be taken to another level now with TM farms. How does it work?
1⃣ Deposit your TM token into the corresponding Yak farm
2⃣ Yak claims all rewards and automatically compounds them for more of the underlying asset.
📈 Result? The flywheel spins quicker than ever as all fees are recycled back into the token 🔥.
(URL to filter by TM farms in follow-up post)
🤝 Token Mill x Yak Swap
You can now swap from any blue-chip asset into a TM token (currently $boner and $gmYAK are whitelisted). This is the first aggregator integration of its kind 🙌 .
*Note: TM tokens don't currently have price feed support. This is a front-end display issue only. In the background Yak Swap pulls the token price directly from contracts so users receive the correct number of tokens. As always, DYOR and swap with care, these are volatile assets.
Happy MILLing Yaks. 🐃🥛