YT - 100x Faster Points Farming
What Are YT Tokens?
Imagine being able to capture yields and protocol rewards from a large DeFi position while investing just a fraction of the capital. That's exactly what YT tokens enable. These innovative tokens let you participate in farming programs with enhanced capital efficiency through implied leverage.
Understanding the Risks
While YT tokens offer powerful opportunities, it's important to understand their risk profile:
Leveraged Exposure: YT tokens provide amplified exposure to yield movements. While there's no liquidation risk, market movements are magnified by your leverage.
Market Risk: YT tokens price in future protocol rewards and airdrops. Their value can fluctuate based on market expectations and actual distributions.
Smart Contract Risk: As with any DeFi product, YT tokens carry smart contract risk from both FIVA and underlying protocols.
How to Farm with YT Tokens
Step 1: Access the Market
Navigate to FIVA's market section and select your desired asset. Each market displays current leverage ratios and reward multipliers to help inform your decision.
Step 2: Purchase YT Tokens
Execute a swap to buy YT tokens. The amount of YT tokens purchased determines your farming power – remember, you're buying the right to yields and rewards from a much larger notional position.
Step 3: Monitor and Claim Rewards
Track your position through FIVA's dashboard. Accumulated yields can be claimed directly through the interface.
Step 4: Exit Position (Optional)
To stop farming, simply sell your YT tokens back to the market. Your exit price will reflect current market conditions and accumulated rewards.
Important Notes about Rewards
While some rewards are immediately visible and claimable through FIVA's dashboard, certain protocol points (like Storm, Ethena, or EVVA points) are displayed on respective protocol interfaces or distributed during token airdrops. FIVA is developing functionality to display all reward types directly in the dashboard.
Summary
YT tokens offer an efficient way to participate in DeFi farming without committing large amounts of capital. They're particularly valuable when protocols announce reward programs or yield boosts – users can quickly gain leveraged exposure through YT tokens rather than having to deploy significant capital directly.
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