YLAY Explained
Last updated
Last updated
The YLAY token is the heart of the Yelay ecosystem, serving as the cental tool that powers the platform's operations and rewards its participants. As your plug-and-play ticket to DeFi yield, YLAY offers holders a range of benefits and utilities within the Yelay network.
One of the primary functions of YLAY is to facilitate access to Yelay's robust yield-generating infrastructure. Through a system of Infrastructure Credits (ICs), YLAY holders can tap into the platform's capabilities, enabling businesses to create innovative yield-funded products and services.
YLAY also serves as the backbone of Yelay's node system. Node operators, who play a vital role in maintaining and securing the network, are rewarded with YLAY emissions. This creates a sustainable ecosystem where participants are incentivized to contribute to the network's growth and stability.
Furthermore, YLAY stakers benefit from partner token emissions. As Yelay continues to expand its partnerships and integrations, YLAY holders gain exposure to a diverse array of tokens from Yelay's partner projects, enhancing the potential for returns and diversifying YLAY holders' portfolios.
Perhaps most excitingly, YLAY offers holders a share in the success of the Yelay platform. As more businesses integrate Yelay's technology and the network grows, YLAY holders stand to benefit from a portion of the revenue generated from these integrations.