• YAKA Finance is a DeFi protocol that seeks to create an innovative DeFi product, focusing on a Launchpad and a versatile DEX.
• According to its developers, they saw the “incredible opportunities” offered by Sei’s blockchain infrastructure.
• Thus, the team concluded that they wanted to make YAKA a comprehensive liquidity solution that would meet Sei’s immediate liquidity needs and support its long-term ambitions.

Most decentralized exchanges are user-centric, which means that their features allow users for seamless trading. But there is a DEX that is both user-friendly and ecosystem-oriented, as it claims to unite launchpads and trading for the next liquidity hub on the Sei Network. 

(Read more: Ultimate Sei Network Airdrop Guide and Ecosystem List and 15+ Potential Crypto Airdrops to Watch Out For in 2024)

YAKA Finance Introduction

YAKA Finance (https://app.yaka.finance/) is a DeFi protocol that seeks to create an innovative DeFi product, focusing on a Launchpad and a versatile DEX.

“YAKA Finance’s strategic collaboration with the Sei Foundation aimed to leverage Sei’s liquidity grants and combine them with Yaka’s innovative mechanisms. Together, they aimed to redefine the possibilities of DeFi on Sei, moving beyond traditional DEX models to drive robust ecosystem growth,” its whitepaper read. 

According to its developers, they saw the “incredible opportunities” offered by Sei’s blockchain infrastructure, thus, harnessing it using  YAKA Finance could effectively enhance Sei’s prominence.

“In the dynamic world of DeFi, the Sei ecosystem thrived, yet a remarkable opportunity remained untapped—Sei’s innate potential for DeFi innovation. Recognizing this unique advantage, YAKA Finance emerged as the catalyst to unlock Sei’s full potential.” 

This is where the team concluded that they wanted to make YAKA a comprehensive liquidity solution that would meet Sei’s immediate liquidity needs and support its long-term ambitions.

The protocol has two tokens: 

• $YAKA: The utility token of the protocol and is distributed to liquidity providers through emissions.
• $veYAKA: The governance token in the form of an NFT. Liquidity providers can stake $YAKA and receive $veYAKA to receive the right to vote. 

YAKA Finance Airdrop

YAKA Finance currently has an ongoing points system, depending on the users’: 

• activities by using the protocol’s Swap and Liquidity features, 
• testnet activities, and
• referral program.

To be eligible to its airdrop program:

To use the protocol’s Swap Feature: 

• Step 1: Go to https://app.yaka.finance/#/swap.
• Step 2: Choose the tokens to be swapped (ingoing and outgoing). 
• Step 3: Type in the desired amount. 
• Step 4: Confirm the transaction. 

To provide liquidity:

• Step 1: Go to https://app.yaka.finance/#/pools. 
• Step 2: Choose between the pools listed. 
• Step 3: Type in the desired amount to be staked. 
• Step 4: Confirm the transaction. 

To join the testnet program: 

• Step 1: Go to https://app.yaka.finance/#/airdrop?bindAddress=c2VpMXR2MmEwYWFuejB3aHlmdXJ2bWtkNGh1bTZmZWtzcXpzMjc5M2o3.  
• Step 2: Change to testnet.
• Step 3: Get a faucet from https://atlantic-2.app.sei.io/faucet. 
• Step 4: Use the Swap or Liquidity feature. 

This article is published on BitPinas: Sei Blockchain’s YAKA Finance Airdrop and Points System Guide

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