Yearn Lazy Ape is a cash-flow generating index composed of four Yearn v2 stablecoin Vaults LP tokens. Each Vault LP token accumulates interest over time in stablecoins. YLA offers diversified exposure to Vaults in a single token.
How yield is accumulated?
yEarn vaults accumulate profits inside the YLA pool, which means that Net Assets Value (NAV) inside the pool is constantly growing; hence the price of YLA is appreciating and earning you returns by just sitting in your wallet.