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Difference between revisions of "Yearn Finance"
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The current user-facing core product of Yearn is yVaults, which provides 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 provides automated yield generation to many different crypto assets, each driven by one or more Strategies. | ||
= Yearn Vaults (yVaults) = | == Yearn Vaults (yVaults) == | ||
The short way to name a Yearn Vault is yVault. In Yearn’s current version (v2) these are the characteristics of a yVault: | The short way to name a Yearn Vault is yVault. In Yearn’s current version (v2) these are the characteristics of a yVault: | ||
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* yVaults tokens implement the ERC20 standard, this means that they can be easily moved between wallets and markets and can be used by any app that communicates with this standard (like decentralized exchanges) | * yVaults tokens implement the ERC20 standard, this means that they can be easily moved between wallets and markets and can be used by any app that communicates with this standard (like decentralized exchanges) | ||
= Strategies and Strategists = | == Strategies and Strategists == | ||
Strategists are people that build one or more underlying Strategies for yVaults | Strategists are people that build one or more underlying Strategies for yVaults | ||
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* Over the year 2% of the vault’s total assets are taken as fees which go to Yearn to pay for expenses like gas, developer grants, and other services. | * Over the year 2% of the vault’s total assets are taken as fees which go to Yearn to pay for expenses like gas, developer grants, and other services. | ||
= | == Links == | ||
* '''Website:''' https://yearn.finance/ | * '''Website:''' https://yearn.finance/ | ||