Earn 10,000% on Yield Yak by DefiDad

Before we get started, a reminder that this is not a recommendation or endorsement to buy any tokens mentioned in this tutorial.

Today, I’ll share a familiar farm aggregator from a newer protocol called Yield Yak, launched on the Avalanche smart contracts platform. 

Whether or not Avalanche should be compared with other L1 blockchains like Ethereum, Terra, or Solana, isn’t something I’m here to debate. What I can share is that Avalanche offers permissionless finance applications (aka open finance without the guarantee of the same degree of decentralization). You can also conveniently use MetaMask to interact with Avalanche DeFi applications, and your wallet addresses on Ethereum are the same addresses as on Avalanche.

Having launched its main net in September 2020, Avalanche is an EVM-compatible blockchain with smart contracts. Avalanche is self-described as:

“The fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.”

Avalanche recently kicked off a program called Avalanche Rush, with $180M in rewards to attract blue-chip DeFi applications and yield farmers. Avalanche has mentioned already committing $20M in AVAX for Aave users, $15M in AVAX for SushiSwap users, and $7M in AVAX for Curve users. More names have been announced like Paraswap and many more are expected.

Amid this rush of protocols to be added to Avalanche, there’s been a combination of new rewards incentivizing yield farmers on Avalanche protocol as well a

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