Yield Yak is an auto-compounding protocol on the Avalanche blockchain. It supports many of the biggest DEXes, yield boosters, farms and money markets on the network including Trader Joe, Vector, Pangolin, Aave and Benqi.
Users can deposit their assets (base or LP tokens) into Yield Yak, which will then deposit them in the underlying protocol and start compounding rewards. Compared to managing positions themselves this allows users to save time and on gas costs. It additionally reduces exposure to the variance in reward token prices.
In addition to providing liquidity users can also earn rewards by pressing the the reinvest button to pay the gas fee for withdrawing, swapping and reinvesting tokens in the pool in return for percentage of those tokens.