Yearn Finance
Revision as of 09:47, 20 April 2022 by 0xBigDaddy (talk | contribs) (Created page with "Yearn Finance is a decentralized finance protocol which began in early 2020 under the name iEarn Finance which was maintained by Andre Cronje. Originally iEarn Finance was a series of yield bearing tokens which rebalanced to the lending markets with the highest yield (usually AAVE or Compound)<ref>https://thedefiant.io/what-is-yearn-finance/</ref>. During DeFi summer, the protocol released a fair-launched governance token called YFI and...")
Yearn Finance is a decentralized finance protocol which began in early 2020 under the name iEarn Finance which was maintained by Andre Cronje. Originally iEarn Finance was a series of yield bearing tokens which rebalanced to the lending markets with the highest yield (usually AAVE or Compound)[1].
During DeFi summer, the protocol released a fair-launched governance token called YFI and rebranded to Yearn Finance. The launch is credited to have birthed the concept of Pool 2[2]. It took place on Curve Finance and Balancer.