Yaka Finance ($YAKA) is Sei Network’s native liquidity engine. They have confirmed the details of the airdrop (yes, multiple airdrops!). Most importantly, according to our research, this will be Fair token distribution To all community members! Here is our guide to the Yaka Finance ($YAKA) token airdrop.
Learn more about Sei Network Token Airdrop here
See our Yaka Finance ($YAKA) Token Airdrop Guide
What is YAKA Finance ($YAKA)?
Yaka Finance ($YAKA) is Sei Network’s native liquidity engine. Here are some features of Yaka Finance:
- Liquidity center within the SEI ecosystem: Yaka Finance aims to integrate the liquidity flywheel of VE(3,3) with the launchpad to create the best environment for SEI trading and attract protocol participation.
- DEX with NFT utility: Yaka Finance launches Yaka Voyager NFT, offering minters and stakers a share of the YAKA token airdrop and DEX trading fees, in line with Yaka Finance’s long-term vision.
- Code Sei Hackathon Winners: Yaka Finance won first place in the “Code Sei: Powering New Games and Defi Exchanges” hackathon and received funding from the ecosystem, demonstrating its innovation and competitiveness.
- Agreement with revenue sharing model: Yaka Finance designed its NFTs to optimize minting quantities and incentivize early backers, and will use 50% of funds raised for liquidity and liquidity incentives.
What is the Yaka Finance ($YAKA) Token?
Yaka Finance’s native token is called $YAKA. They also have a $veYAKA token. $YAKA will be the utility token of Yaka Finance, while $veYAKA will serve as the governance token in the form of an NFT.
YAKA tokens have the following uses:
- Liquidity supply: Users can earn $YAKA tokens by providing liquidity to the protocol pool.
- Governance participation: Users can lock their $YAKA tokens for up to 2 years and earn $veYAKA tokens, which are NFTs that represent voting rights and earn protocol revenue.
- Instrumented voting: Users can use their $veYAKA tokens to vote on metrics based on a dynamic reward pool allocated weekly. Users may also accept bribes from third parties for voting.
- income claims: Users can claim their share of transaction fees and bribes from the indicators they voted for after each epoch for 7 days.
- lock up: You can lock 100 $YAKA for 2 years and become 100 $veYAKA. At the same time, 100 $YAKA can be locked for 2 years, turning into 25 $veYAKA.
On the other hand, the $veYAKA token has the following uses:
- Agreement income acquisition: $veYAKA token holders can vote for indicators each week and receive 100% of transaction fees and bribes from associated pools.
- Governance participation: $veYAKA holders can participate in governance and vote on protocol improvement proposals.
- Benefits of voting: $veYAKA voters receive transaction fees generated by the pool they voted for, bribes deposited for the pool they voted for, and weekly $veYAKA distributions.
How to get the YAKA Financial ($YAKA) token airdrop?
Yaka Finance ($YAKA) mentioned several tasks that could qualify you for a potential airdrop.
Time required: 50 minutes
Here’s how to get the Yaka Finance ($YAKA) token airdrop
- Download and set up your SEI web wallet
Download and set up your Compass wallet. Connect your wallet to Yaka Finance
- Connect with Yaka Finance
Connect your Compass wallet to Yaka Finance
- Obtain testnet $SEI tokens
Please go to https://atlantic-2.app.sei.io/faucet. Connect your wallet and Discord account. Then request some testnet $SEI tokens. This will provide 5 $SEI tokens in your wallet per day. If you would like to earn more testnet $SEI tokens, please join the Yaka Finance Discord.
- Yaka Financial Swaps
Go to https://app.yaka.finance/#/swap. Testnet exchange between SEI, YAKA, USDT and USDC. Every transaction you make on the testnet will earn you 10 airdrop points.
- Increase liquidity
Go to https://app.yaka.finance/#/pools. Select a pool and add assets to the pool.
- Garx Mission
Go to the Galxe Finance page and complete the task. These are social tasks, such as joining and interacting with Yaka Finance’s social media pages. Please note that one of the quests will require you to join Yaka Finance’s Discord and obtain the Yaka Blast role by going to #special-roles and clicking on the crown emoji.
- Get a role on the Yaka Finance Discord
Join the Yaka Finance Discord to earn Yaka Blast roles by visiting #special-roles and reacting to the crown emoji. Then, interact with the community and get roles on Discord such as Yaka Lad, Yaka Gent, Yaka Aquaman or Meme Master. You will need to obtain these roles to gain whitelist access.
- Complete whitelist tasks
Once you join Yaka Finance, you can participate in their whitelisting round to gain a seat at the public sale. You can choose from different roles, such as Twitter influencer, meme creator, or community member. Follow each character’s instructions and complete required tasks to earn points.
- Interact with the community
Becoming an active member of the Yaka Financial Community can also help you earn points. Join their Discord channel or other social forum. Interact with other community members, contribute valuable insights and participate in discussions. Yaka Financial values community participation and rewards active members accordingly.
- Check your airdrop points
Connect your wallet to Yaka Finance and enter the “Airdrop” page to view your airdrop points.
- Mint Yaka Voyager NFT
Once you have obtained the Yaka Blast character, return to their Galxe page and connect your SEI wallet. Then mint your Yaka Voyager NFT. Note that you will need some $SEI to cover transaction fees. But it’s quite cheap.
- Staking Yaka Voyager NFT
After the SEI EVM mainnet is online, you can stake your Voyager NFT on Yaka Finance DEX and earn part of the transaction fees and royalties from secondary sales.
- Earn rewards!
Yaka Voyager NFT holders and stakers are entitled to receive an airdrop of $YAKA tokens, with the total airdrop fixed at 6 million YAKA. Additionally, Yaka Voyager NFT stakers will receive a portion of YAKA DEX transaction fees.
- Participate in the second season of Yaka Financial Test Network
To participate in Yaka Finance Testnet Season 2, connect your Compass wallet to https://v2.yaka.finance/campaign and you will see a UI that allows you to approve the EVM version of Yaka Finance. Find your SEI native address (you can find it in your SEI wallet) and EVM address.
- Obtain testnet SEI and YAKA tokens
Go to the SEI Arctic 1 faucet and paste your EVM address, which will provide you with two testnet SEI tokens. You will then be able to claim some testnet YAKA tokens. Please note that you need to sign a transaction in your Compass wallet to receive YAKA testnet tokens.
- complete swap
Exchange your testnet tokens for SEI/USDT, SEI/YAKA, YAKA/USDT, SEI/SEIYAN and USDC/USDT pairs.
- Increase liquidity
Adds liquidity to the SEI/USDT, SEI/YAKA, YAKA/USDT, SEI/SEIYAN and USDC/USDT currency pairs.
- Lock $YAKA
Click “Go” and create a lock. You only need to invest 0.1 $YAKA and there is no lock time requirement. Then, click “Lock” and approve the transaction.
- Vote with $YAKA
Go to the poll and choose any pair. Make sure you enter 100% and vote. Finally, the transaction is approved and verified.
- Invite friends
Once you complete at least 1 exchange and add liquidity to at least 1 pool, you will be able to unlock the invitation link. Then, use your invite link to invite friends to earn extra points. However, your friend must complete at least 1. redeem, deposit, lock or vote to earn points.
YAKA Finance ($YAKA) Airdrop Review
When reviewing airdrops, there are several factors to consider. First, there is the possibility that the project will even be airdropped first. Then, look at how many tokens the project intends to allocate to the airdrop campaign, and how difficult it is to participate in the airdrop. It’s also important to look at the utility of the token so that participating in the airdrop has an actual use and purpose. Finally, one of the factors to consider when reviewing airdrops is whether there is a lock-up period for the airdropped tokens.
Airdrop probability: Yaka Finance ($YAKA) airdrop is now live!
Airdrop token distribution: Yaka Finance has confirmed that it will reserve 12 million tokens (6% of its token supply) for the airdrop event, with a lock-up period of 1 month.
Airdrop difficulty: The Yaka Finance airdrop requires participants to interact with the testnet and complete simple social tasks on the Galxe page. The only real asset you need is a small amount of SEI dollars to pay for the gas fee to mint the NFT.
Token utility: The Yaka Finance ($YAKA) token will be used to provide liquidity, governance, and rights to rewards.
Token lockup: Airdropped Yaka Finance ($YAKA) tokens will be locked for 1 month following the token generation event.
