rsAVAX
built on Yield Yak’s rsAVAX
rsAVAX is an LRT asset that Yield Yak issues on Suzaku Network’s restaking marketplace, helping secure Avalanche’s Layer-1. rsAVAX accrues sAVAX staking rewards and restaking rewards from Avalanche Layer-1s.
This market enables investors to farm leveraged rsAVAX yield while maintaining long $rsAVAX exposure. In exchange, YT-rsAVAX holders forgo their points exposure.
How Does This Market Work?
Yield vs Points Market
The yield and points of $rsAVAX are exchanged between PT-rsAVAX and YT-rsAVAX holders while both of them maintain their principal exposure.
Correlated Asset:
Receipt Asset:
Overview
Technical Explanation
Users are exchanging the yield and the points of the collateral asset to access leveraged points exposure or leveraged yield exposure while maintaining $AVAX exposure.
Market Expectation of Users
Users who want to earn predictable and superior yield exposure on top of $rsAVAX instead of speculative points reward can prefer this market.
The Source of Leverage Yield
As PT-rsAVAX holders forgo their yield for leveraged points exposure, YT-rsAVAX holders earn the yield that PT-rsAVAX holders forgo. This allows them to earn leveraged yield exposure.
Risks
Depeg: In case of rsAVAX depeg, users may incur losses on Stable Jack.
Counterparty Risk: Risks include any smart contract hacks against Yield Yak and Suzaku, as well as slashing risks.
Smart Contract Risk: Like every other DeFi protocol, Stable Jack is built on smart contracts, which carry inherent risks.Additional Info
Mint/Redeem Fees: There are no mint/redeem fees.
Incentives: Users are not eligible for points.Disclosures
- Maturity Date: There is no maturity date on Stable Jack, so the market will be active until the end of the Suzaku and Yield Yak Points programs.
- No Lock Up: There is no lockup period for the assets; users can easily mint/redeem the assets without delay.
YT-rsAVAX
Market
Stake Jack