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yyAVAX is a yield-bearing liquid staking token created by Yield Yak. yyAVAX will start with a supply limit of 100,000 yyAVAX. Because yyAVAX accrues yield right after deployment, its value keeps rising relative to AVAX, meaning it is not minted on a strict 1:1 basis. Rewards are produced through staking on the Avalanche P-Chain, combining fee savings with additional income from validator operations.
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