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Avalanche Backs Yield Yak DEX with the $100K Grant

Avalanche Back's Yield Yak DEX a $100K Grant

byKelvin Maore
September 22, 2021
in Cryptocurrency News

The program is thrilled to welcome an Avalanche native application named Yield Yak. They added through the developer support for the YY swap tool. Also, it will be the first open-sourced DEX aggregator tool.

According to the Avalanche Foundation, Yield Yak, a native Avalanche application, will enlist the Avalanche Rush initiative. They are coming up with $100,000 support for the improvement of the YY swap. It is planned to start with developer-based allocation. 

Yield Yak is a one-of-a-kind DEX. As mentioned, it is an open-sourced DEX aggregator tool. The same will be effective in finding the industry’s best options for DeFi trading users across the Avalanche ecosystem. 

YY Swap Launches On-Chain DEX Aggregator

YY swap will be seen running entirely on Smart contracts and a completely decentralized model. The entire DEX aggregator mechanism is taken care of on-chain basis. Anyone can participate in trade without getting the major party involved during the completion of the trade or while executing. 

Applications benefit from this architecture since they can create and deploy their own DEX aggregator front-ends. Developers can customize YY Swap for various use situations.

Yield Yak adds Pangolin, Trader Joe, and Yay Games as native Avalanche DApps as a part of Avalanche Rush, allowing new and current native applications to debut advancements on Avalanche. Browse this website to register for the Avalanche native DApp program as part of Avalanche Rush.

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Kelvin Maore

Kelvin Maore

Kelvin M. Maore is a seasoned crypto market analyst with half a decade of hands-on expertise. Through concise updates and a creative flair for storytelling, he demystifies blockchain developments, guiding readers confidently through every market twist.

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