As Yearn.Finance’s yield vaults grow, ‘crop’ projects define boundaries
Alchemix and Yearn.Finance appear to be squaring off with Curve and PoolTogether, but for now there appear to be harmonious solutions. With millions and even billions of dollars at stake, industrial-scale yield farming is leading to pockets of resistance as some projects refuse to be left with the chaff. In the past week, team members from no-loss lottery project PoolTogether and exchange liquidity pool provider Curve Finance have proposed ways to reduce the load Yearn.Finance strategies place on their protocols and governance tokens. In a Tweet on Sunday, PoolTogether co-founder Leighton....
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Yearn.finance (YFI), a leading decentralized finance protocol, has been hyping up the launch of its v2 Vaults. While Yearn.finance is an umbrella DeFi ecosystem, it is currently best known for its Vaults product. Vaults are contracts where users can deposit cryptocurrencies such as Ethereum, USDC, YFI, and others to earn a regular yield paid in […]
Bitcoin in DeFi gets a promising boost as two major yield vault projects join forces Today, Bitcoin-on-Ethereum yield vault project BadgerDAO and fellow yield vault platform Yearn.Finance announced a partnership designed to bring Yearn’s sustainable vault expertise to Badger. “Today we’re excited to develop a partnership that will bring our teams together to further accelerate best in class BTC vaults for the industry,” BadgerDAO said in a blog post. “This is a step to further secure users funds as we continue to introduce more Yearn developed, maintained and secured vaults to our....
DeFi protocol Yearn has taken Pickle onboard to create new vaults and strategies. Decentralized finance protocol Yearn has announced a partnership with Pickle Finance to bolster yield farming incentives, and compensate victims of the recent Pickle exploit that resulted in the loss of almost $20 million in Dai.According to an announcement from Yearn founder Andre Cronje, the move is designed to reduce duplicate work, increase specialization, and leverage shared expertise. Pickle Finance vaults, or ‘Pickle Jars’ as they’re known, are cloned versions of Yearn’s v1 yVaults so the code is....
Yearn.finance’s price has been caught within the throes of an intense downtrend throughout the past week, which came about due to various factors. The weakness seen throughout the aggregated DeFi sector certainly contributed to the decline Yearn.finance’s governance token – called YFI – has seen as of late, but it appears to have been sparked […]
Scam websites posing as famous crypto projects ask for private keys so they can steal users' funds. Decentralized finance yield farming platform Yearn Finance has a doppelganger that is tricking visitors into sharing the private keys of their cryptocurrency wallets.The scam website of Yearn Finance perfectly copies almost every aspect of the original yearn.finance website down to its design, website copy and even domain name. The scammers behind the website chose the domain name “yaerm.finance,” making it look extremely similar to “yearn.finace.” They have also promoted their landing page....