The YAXIS token serves as the governance token of the yAxis DAO and a reward for participants in the ecosystem. Users may earn tokens in three different ways: staking, providing liquidity, and depositing assets into the vault.
Users who submit the YAXIS token into the Governance protocol will gain "voting escrow" or veYAXIS that provides them:
Voting power in the DAO
Voting power in the weekly "tug of war" on bonus vault emissions
Used to determine portion of protocol fees for airdrops or fee sharing