13
edits
Difference between revisions of "Yearn Finance"
Jump to navigation
Jump to search
m
Linked to yield optimizer page
m (add to protocols category) |
m (Linked to yield optimizer page) |
||
| Line 1: | Line 1: | ||
Yearn Finance (YFI) 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|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. | Yearn Finance (YFI) 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|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. | ||
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 [[Yield optimizer|automated yield generation]] to many different crypto assets, each driven by one or more Strategies. | ||
== Yearn Vaults (yVaults) == | == Yearn Vaults (yVaults) == | ||