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== History == | == History == | ||
Originally, iEarn was a series of yield bearing tokens which rebalanced to the [[lending markets]] with the highest yield (usually [[Aave|AAVE]] or [[Compound]]).<ref>https://thedefiant.io/what-is-yearn-finance/</ref>During [[DeFi Summer|DeFi summer]], the protocol released a fair-launched governance token called [https://www.coingecko.com/en/coins/yearn-finance YFI] and rebranded to Yearn Finance. The launch is credited to have birthed the concept of Pool 2<ref>https://www.coindesk.com/markets/2020/12/08/andre-cronje-defi-expressionist/</ref>, it took place on [[Curve Finance]] and [[Balancer]]. Today the protocol is maintained by various independent developers and contributors of the Yearn DAO and it is governed by $YFI holders. | Originally, iEarn was a series of yield bearing tokens which rebalanced to the [[Lending|lending markets]] with the highest yield (usually [[Aave|AAVE]] or [[Compound]]).<ref>https://thedefiant.io/what-is-yearn-finance/</ref>During [[DeFi Summer|DeFi summer]], the protocol released a fair-launched governance token called [https://www.coingecko.com/en/coins/yearn-finance YFI] and rebranded to Yearn Finance. The launch is credited to have birthed the concept of Pool 2<ref>https://www.coindesk.com/markets/2020/12/08/andre-cronje-defi-expressionist/</ref>, it took place on [[Curve Finance]] and [[Balancer]]. Today the protocol is maintained by various independent developers and contributors of the Yearn DAO and it is governed by $YFI holders. | ||
[[File:Yearn.png|thumb|Yearn Finance]] | [[File:Yearn.png|thumb|Yearn Finance]] | ||
The current user-facing core product of Yearn is yVaults, which provide [[Yield optimizer|automated yield generation]] to many different crypto assets, each driven by one or more Strategies. | The current user-facing core product of Yearn is yVaults, which provide [[Yield optimizer|automated yield generation]] to many different crypto assets, each driven by one or more Strategies. |
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