yAxis Project
Token Swap
YIP-08 was a governance proposal for the transition from YAX to YAXIS. The full proposal is detailed here.
YIP-08 had the following aims:
  1. 1.
    Upgrade to an ERC-677 token for additional functionality.
  2. 2.
    Draw TVL to the vaults with emissions.
  3. 3.
    Further develop the yAxis DAO with a community budget.
After a community vote on Snapshot, the proposal was overwhelmingly approved with the support of 97.18% of voters.

How It Works

The governance token YAX has migrated to YAXIS in a 1:1 swap. Each exchanged YAX token returns one YAXIS token.
Owners of the YAX token are prompted to complete a transaction to swap their YAX into YAXIS in the app. The transaction has been available since the 17th of April.

Holders and Stakers

Holders and stakers simply have to complete the transactions to upgrade their YAX. It will not be necessary to unstake tokens.

Liquidity Providers

LPers have to unstake their LP tokens and withdraw from the liquidity pool on Uniswap/Linkswap to be able to exchange their YAX into YAXIS.

Vault Depositors

Users with YAX rewards in the MetaVault have to claim the rewards in order to upgrade them into YAXIS.
Last modified 7mo ago
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How It Works