Yearn.Finance has emerged as the premier yield aggregator in the DeFi landscape, offering individuals, DAOs, and protocols a convenient and effective way to deposit assets and generate yields. This innovative platform is governed by YFI token holders, ensuring a decentralized approach to yield generation.
Yearn vaults are capital pools that generate yield based on a variety of strategies and opportunities. By utilizing Curve Finance liquidity provider (LP) tokens, Yearn vaults maximize yield generation. These strategies are evaluated against eight factors: Audit, Code Review, Complexity, Longevity, Protocol Safety, Team Knowledge, Testing Score, and TVL Impact. By combining multiple strategies, Yearn vaults maintain a robust and balanced risk score.
The recent V2 update introduced several improvements to the Yearn platform, including support for up to 20 strategies per vault, new controllers known as Strategists and Guardians, automated vault housekeeping through the Keep3r network, and the elimination of withdrawal fees.
Yearn’s yCRV is a new and improved veCRV wrapper system designed to tokenize various benefits associated with Yearn’s veCRV positions. Users can enter activated tokens using their yCRV, which in turn offer rewards and multiple use cases.
Benefiting yCRV holders, Yearn provides incentives to those holding one of its activated tokens. These tokens encompass st-yCRV for staking rewards, lp-yCRV for liquidity pool rewards, and vl-yCRV for Curve gauges voting power.
Recently introduced, the yBribe platform enables veCRV holders to obtain compensation from buyers looking to enhance CRV emissions directed towards their Curve pool’s gauge.
To optimize yields for users, Yearn.Finance partners with platforms like CoW Swap and implements strategies such as CRV vote locking.
Reply