Home
News
YetiSwap is a decentralized exchange operating on Avalanche, an open-source framework. Its native token, YTS, is only distributed to its community.
Decentralized Finance (DeFi) has become increasingly popular, with the number of users has grown to over 6.77 million. Moreover, Reports over the Internet provide initial evidence that DeFi is effective for expanding and strengthening networks, particularly for decentralized exchanges. Events also suggest that value-creating cybersecurity benefits drive the growth in decentralized exchanges.
What is the YTS Token?
YTS is the native governance token of the YetiSwap Exchange. It is a decentralized exchange (DEX) that operates on the Avalanche Blockchain. It employs the same automated market-making (AMM) model as Uniswap.
It can trade all tokens released on Ethereum and Avalanche. It is unique in a competitive market with several rivals, offering three key benefits. Some of these include fast and inexpensive trades, as well as fair and transparent token distribution.
How Does Avalanche Blockchain operate?
Avalanche is an open-source framework, which means that anyone can use it. It allows deploying DeFi and business blockchain applications within a single, compatible, scalable environment.
Avalanche is unique because it is the first smart contract platform to confirm transactions in under one second. The platform is designed to support all Ethereum blockchain development tools and enables millions of independent validators to participate as full-block producers.
A new global record was set by the testnet, having over 1,000 complete, block-producing nodes. Moreover, this definition highlights the importance of Avalanche for any operating crypto like YTS, Avalanche developers, and businesses. These may have to hire Avalanche developers to implement on-chain solutions for their customers.
Users can stake the AVAX crypto to secure the network. Furthermore, stakers are then rewarded with more AVAX. It provides an alternative to networks like Ethereum, combating centralization in the crypto space.
Why did YetiSwap Choose Avalanche Instead of Ethereum?
Compared to other blockchain networks, the Avalanche blockchain can throughput orders of magnitude. It includes larger magnitudes (4,500+ transactions/second) and safety levels considerably beyond the 51% requirements of other networks.
The consensus protocol is one major distinction between Avalanche and other autonomous networks, which indicates why YetiSwap chose it. Many crypto users concluded that blockchains must be sluggish to be scalable after observing current blockchains in operation.
A new method has been introduced by the Avalanche protocol, which enables it to achieve consensus and ensure safety. This method allows the protocol to attain rapid finality and high throughput while maintaining decentralization.
Thanks to its foundation on Avalanche, YetiSwap can execute trades quickly and cheaply. Users can exchange assets with transaction finality in less than a second and with transaction fees as low as a few cents. Trades on YetiSwap will often feel as fast as trades on centralized exchanges. Additionally, YetiSwap provides significant performance upgrades to the technical status.
The same institution may obtain total control over the virtual machine running its use case and the circumstances of running a node on its sub-network on the Avalanche blockchain. The Avalanche blockchain offers advantages to companies like YetiSwap and other businesses since they can create and control decentralized applications on Avalanche.
About the YTS Token
YTS tokens are not allocated to investors, advisors, or other insiders. YTS is limited to a supply of 556 million tokens, which will be distributed to the community.
The first 90% of tokens, or 500 million, will be placed in the community treasury, where they initially fund liquidity mining. Moreover, 5% of tokens, or 28 million, are dedicated to a community airdrop. The remaining 5% of tokens, or 28 million, are designated for a development fee.
The vesting schedule is algorithmically specified, starting from 250 M tokens for the first four years, the number of tokens distributed halves every additional four years. It means that the next four years contribute roughly a quarter, and so on.
This pattern continues into perpetuity. For reference, roughly 5.2 M YTS will be distributed per month to liquidity miners during the first four years.
Allocation Table of YTS
| Community – Liquidity Mining Allocation (90% of YTS) | ||
| Time | Total Distributed | YTS / Month |
| 0 – 4 years | 250 M | ~ 5.2 M |
| 4 – 8 years | 125 M | ~ 2.6M |
| 8 – 12 years | 62.5 M | ~ 1.3 M |
| 12 – 16 years | 31 M | ~ 650 K |
| 16 – 20 years | 15.5 M | ~ 325 K |
| 20 – 24 years | 7.5 M | ~ 162 K |
| 24 – 28 years | 3.5 M | ~ 81 K |
| … | … | … |
| Developer Fee (5% of YTS) | ||
| Time | Total Distributed | YTS / Month |
| 0 – 4 years | 14 M | ~ 291 K |
| 4 – 8 years | 7 M | ~ 145 K |
| 8 – 12 years | 3.5 M | ~ 72.5 K |
| 12 – 16 years | 1.75 M | ~ 36 K |
| 16 – 20 years | 875 K | ~ 18 K |
| 20 – 24 years | 437 K | ~ 9 K |
| 24 – 28 years | 218 K | ~ 4.5 K |
What is the Future of YetiSwap?
The development of decentralized exchanges like YetiSwap has the potential to revolutionize the financial landscape as blockchain technology advances and matures. Moreover, as these exchanges become more scalable, interoperable, and user-friendly, they are expected to gain more users and liquidity. It will be helpful in further enhancing their value proposition. In turn, this increased utility and liquidity is likely to make decentralized exchanges more attractive to users.
Summary
YetiSwap is a DEX that operates on Avalanche, a highly scalable platform for DeFi and business blockchain deployments. It confirms transactions in less than one second, allowing for quick and low-cost trades on YetiSwap. YTS tokens have a limited supply of 556 million and are all allocated to the community.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos, or other related indexes comes with a risk of monetary loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
