Arbitrum Summer comes to a close

Alas, boosted $ARB and $YAK rewards for YY's Stargate vault depositors have now finished. Gas refunds for Yak Swap Arbitrum users have been issued. With this, Arbitrum Summer comes to an end.

To recap a hugely successful Arbitrum Summer for Yield Yak:

✅ 50 YAK and nearly 180,000 $ARB was awarded to depositors over the course of the past three months.

✅ Over $7 Million in TVL was achieved in Arbitrum Summer Stargate Vaults, deepening liquidity for Arbitrum bridgers. Demand for these strategies was incredibly high, with Yield Yak hitting its TVL milestones within the first week of launch 🔥.

✅ Overall YY Arbitrum TVL reached new heights this summer, peaking at over $9M.

✅ Yak Swap users paid zero gas during the period, on top of receiving the best price for their swaps 💪.

💙 A huge thank you to @arbitrum delegates for their support and faith in Yield Yak.

For existing depositors, @StargateFinance APYs continue to be competitive even without added incentives. Currently:

$ETH: 7%
$USDC: 9%
$USDT: 7.5%

The yield grind continues ✊ .