Yearn Finance Newsletter #47

Yearn Finance introduced Weekly Newsletter #47 to keep the Yearn and the wider crypto community informed of latest news, including product launches, governance changes, and ecosystem updates.

  • Introducing V3 of Yearn’s UI

Rebuilt from the ground up, v3 is the realization of a shared vision of a lightweight, scalable system ready for the multichain future. The core components of the Yearn V3 stack have been divided up into multiple distinct components: Lens, Meta, Subgraph, Exporter, SDK, and Front-end.

  • Check Out the New Labs Section

Introducing the Labs section on the new Yearn V3 UI, a set of experimental vaults that push the boundaries of yield in DeFi. Let’s take a look at these new vaults.

The vaults that live in the LABS section are not the usual Yearn vaults. Yearn vaults were created with the idea of being long only and that users could withdraw at any time.

  • Yearn Has Purchased $320K of YFI in September

In accordance with YIP-56: Buyback and Build Yearn, which was passed in January 2021, the Yearn Treasury has purchased an additional $320K worth of YFI.

  • Cumulative Protocol Revenue Reaches $43M

Yearn has earned nearly $43 million in revenue, since launch (excluding the interest earned by depositors). In the past 30 days, nearly $6 million dollars in revenue has been generated by the protocol. An extrapolation of this data projects annual revenue to be nearly $70 million.

  • Vaults at Yearn
  • Ecosystem News

About Yearn State of the Vaults

Yearn State of the Vaults is a weekly publication that covers news, upcoming changes, and current strategies for all of Yearn Finance’s yVaults.

📰 INFO:

https://yearn.substack.com/p/yearn-finance-newsletter-47

Yearn Finance Newsletter #32
Market Stats:
BTC Dominance: 41.71%(+0.10%/24h)
ETH Dominance: 19.55%(-0.14%/24h)
Defi Market Cap: $139.13B(-27.54%/24h)
Total Market Cap: $2464.98B(-0.42%/24h)
Total Trading Volume 24h: $110.64B(-32.74%/24h)
ETH Market Cap: $481.69B
Defi to ETH Ratio: 28.88%
Defi Dominance: 5.36%
Altcoin Market Cap: $1436.92B
Altcoin Volume 24h: $80.19B
Total Cryptocurrencies: 14873
Active Cryptocurrencies: 7745
Active Market Pairs: 49849
Active Exchanges: 436
Total Exchanges: 1545
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