Yield Yak officially joins Phase 1 of Memecoin Rush

Memecoin Rush is coming to Yield Yak. Prepare yourselves for some big yields on your favourite memecoins thanks to liquidity-mining incentives brought to you by the Avalanche Foundation, who recently announced a $1M Memecoin Rush program as an extension of their ongoing Avalanche Rush campaign.

How will it work?

Memecoin Rush rewards will target Yield Yak's Trader Joe v1 pools, which help create deeper liquidity for users in pools which aren't subject to as much impermanent loss as their concentrated liquidity counterparts.

AVAX rewards will be distributed to LPs for the following pairs, and will run for a minimum of two weeks.

$COQ / $AVAX

$KIMBO / $AVAX

$TECH / $AVAX

$GEC / $AVAX

$NOCHILL / $AVAX

$MEOW / $AVAX

$KOVIN / $AVAX

$KONG / $AVAX

For the announcement of the official start time be sure to follow Yield Yak on X.

Community Funded Incentives Continue

Last week, Yield Yak unveiled memecoin auto-compouding pools with a new innovation: the ability for communities & teams to create liquidity mining programs for their token in under 2 mins with no code. Built on top of TraderJoe V1 pools leveraging LlamaPay functionality, these farms provide ultimate reward management flexibility.

Setup is just a couple of transactions:

1. Create a balance on Llamapay and deposit your incentives token of choice to. You can deposit and incentivise with ANY token. Llamapay is built by the Defillama team and provides amazing flexibility in how you stream rewards.
2. Create a new stream with the Yak farm contract as the receiver. You can choose your streaming rate and change or pause it any time.

And that's it. Yield Yak will detect and pick-up any number of LlamaPay streams and tokens and compound them into the underlying farm.

Any communities wishing to fund their own incentives farms are welcome to reach out to Yield Yak on any of its channels and a Core Contributor will be happy to assist.

Happy MemeCoin Rush YakPak!