Soneium is a layer 2 extension solution developed to improve Ethereum's scalability and efficiency, offering lower fees and faster transaction processing compared to Ethereum's mainnet.
YAY (Governance Token) is originally issued as an FT on the Ethereum blockchain under ERC-20; issuing limit of 10 billion tokens.
$YAY on Soneium is meant to provide users the networks benefits of lower fees and faster transaction processing.