YFI Earn is a core product of the Yearn Finance ecosystem.

Lastly, the launch of No Withdrawal Fee.

New yVaults Controllers (Strategist and Guardian).

Automatic vault housekeeping (Keep3r network).

The introduction of an estimated 20 strategies for every vault.

YVault V2 also recently went live with major strategic improvements. yVault also has a 20% performance and a 2% management fee structure. During withdrawal, crypto-assets can be easily swapped back to supported tokens like ETH, DAI, USDT, USDC, etc. Zapper also helps in carrying out withdrawals on Yearn Finance. The only requirement needed to Zap in assets is to ensure the token can be swapped on Uniswap with at most 1% slippage.

Interestingly, it is quite easy to deposit crypto assets into yVaults with Zapper. Which in turn searches out the highest possible yield in the DeFi space using a strategy. LPs on Yearn Finance can easily deposit their crypto assets on yVault. YVaults are quite similar to conventional saving accounts but for crypto assets. The Yearn Finance ecosystem currently boasts of several products like yVaults, Earn, Iron Bank, and Woofy.

In May 2020, the token attained its current all-time high of $90,786.89. The native token of the Yearn Finance ecosystem is the $YFI token. Some of these lending protocols include Aave, dYdX, Curve, Compound, etc.įounded in 2020 by popular crypto enthusiast Andre Cronje, Yearn Finance has been touted as one of the most truly decentralized DeFi projects. The protocol provides its users with the best possible yields by simply moving their funds across several DeFi lending protocols. Yearn Finance $YFI is an ETH-based DeFi aggregator protocol providing its users with all things DeFi. Amidst the current bearish tendencies of the cryptocurrency space, investors and crypto enthusiasts are looking to farm yields on protocols like Yearn Finance for solace.

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