Token Info

YOLK Token:

• Network: Sonic

• Contract Address: 0x725b173519530F94bF77455B596ACb54d007bc26

• Max Total Supply: Infinite

• Backing/Fee Token: vgUSDC

• Intrinsic Value: Each YOLK token is backed by USDC that is supplied into Silo Finance's yield-bearing 'Varlamore Growth' vault, returning vgUSDC. Users may deposit native USDC to easily mint YOLK. Deposits are automatically 'zapped' into Silo to obtain vgUSDC in the YOLK contract. This pool of vgUSDC ensures that every YOLK token is secured by real, liquid value. As a result of additional vgUSDC yield, burning mechanisms and accumulated fees, the ratio of vgUSDC per YOLK can only increase!

  • Introduction to Silo Vaults: https://docs.silo.finance/docs/vaults/intro/

  • Silo Vaults Audits and Formal Verification: https://docs.silo.finance/docs/audits/#silo-vaults

• Liquidity:

  • DEX Integration: YOLK can be traded on a decentralized exchange (DEX), establishing a market that is independent of the protocol's smart contract. This may result in price discrepancies between the smart contract (intrinsic value) and the DEX (market value) trading price.

  • Incentivized Liquidity: YOLK liquidity is incentivized by reflecting a portion of protocol revenue as voting bribes on DEXs such as Shadow Exchange.