It was a village of fishing people, who hunted small and medium sized fish available in the swamps of the area. The Yw Huts' people also hunted crocodiles to craft goods and to honor Sobek, the crocodile god, through rituals.
In 48 BCE, the Medjay Bayek of Siwa visited the village in search of Abar, the last living member of the Phylakes, who held the last key to a mysterious treasure. Abar made a deal with the Medjay: in exchange for the last key in her hands, he would have to defeat a bunch of crocodiles causing trouble in the swamps around the village. Once Bayek dealt with the crocodile infestation, Abar gave him the key he needed to open the hidden chest, that contained the Black Hood outfit.
Around the same time, Bayek also found a treasure in the village.
Behind the scenes
The word 'Yw' is an ancient Egyptian word found in hieroglyphs, which was deciphered as 'Ones', as in people; attributed to people of certain characteristic or from a specific location (a possessive noun). In other words, Yw Huts means "the Ones Huts."