Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. It started out as a passion project by Andre Cronje to automate the process of switching capital between lending platforms in search of the best yield offered, as the lending yield is a floating rate rather than fixed rate. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD. For example, if a user deposits DAI into yearn.finance, the user will receive yDAI token in return, which is a yield-bearing DAI token. Later on, it collaborated with Curve Finance to release a yield-bearing USD tokens pool that includes four y-tokens: yDAI, yUSDT, yUSDC and yTUSD, it is named as yUSD. Yearn Finance debuted the vault feature after its token launch, igniting a frenzy on automated yield farming and is considered the initiator of the category of yield farming aggregator. Basically, the vault will help users to claim yield farming rewards and sell it for the underlying assets. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to have proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited.
News
PMFI’s pARBITRAGE vault now auto-stakes the Polymarket side through @robinmarkets, opening access to @yearnfinance yield. ~12% APY → ~15% APY on USDC almost 30% higher huge milestone toward the DeFi capital layer for prediction markets
New perp listings: $VANRY ( @Vanarchain ) and $YFI ( @yearnfi ) with up to 5x leverage. Earn 1.2x trading points until July 13, 23:59 UTC.
I remain an eternal bull on DeFi because of teams like @yearnfi. What a great tool to create and release into the wild! Will be looking to reference this more in the future when looking into yields 🤜🤛 https://x.com/yearnfi/status/2071966997680934938
Yearn's risk team released a new tool highlighting dependency risk across different protocols Quick explainer on how to use this new tool
DeFi Frontier is live 🚀 Inside: ✅ 30d yield, TVL changes, Benchmarks ✅ @flexmeow update ✅ @yearnfi's yvUSD - lock, loop, or liquid? ✅ A look at Black Opal from @NestCredit ✅ Redemptions for reUSDe from @re ✅ + a lot more in full piece below https://www.the-edge.xyz/p/defi-frontier-july-1
Yearn's risk team released a new tool highlighting dependency risk across different protocols Quick explainer on how to use this new tool
This is actually something which is needed incredibly much https://x.com/yearnfi/status/2071966997680934938
ironically only Solana really has "DAOs" anymore, mainly MetaDAO, which fulfills Vitalik's vision of a DAICO nearly all Ethereum DAOs (pace Curve, Lido, Yearn) have been, in effect, privatized in transactions that would be subject to "entire fairness" review & subject to appraisal rights under Dela
One newer protocol you should take a look at ASAP is @flexmeow, by the team at @yearnfi. In The Edge Newsletter this week, @Nomaticcap has an easy-to-read but fairly extensive write-up here: the-edge.xyz/p/yields-of-th… Flex is a fixed-rate lending protocol, that takes a lotta inspiration from fe
$grantr @grantr_id 主打 AI 链上钱包安全管控，依托以太坊 EIP-8141 标准，联手 #1ClawAI 研发AI 安全钱包，目前各项功能正在测试网试运行。 $PMFI @pmfi_cc 旨在成为预测市场的 Yearn Finance：一个用于套利、执行和抵押品效率的自动化资本配置层，覆盖分散的预测市场场所。 两个早期+小市值项目，邀请两位创始人分享团队规划。 @bolsaverse @alexanderchopan 主持人：@0xgerace ⏰时间： 6 月 10 日 14:00 UTC（北京时间 22:00），准时蹲守！