Security at Yearn
At the heart of Yearn’s protocol, is the security of users’ funds. We’ve asked them to explain how their process of tech auditing and due diligence work.
@Corn – core contributor at Yearn.finance:
“Yearn puts security first to ensure funds are safe and not at risk, 24/7. Yearn’s risk framework evaluates seven key metrics:
- TVL impact
- Third-party audits
- Internal code review
- Longevity protocol safety
- Team knowledge
Phuture and Yearn finance
Yearn has been essential to the DeFi ecosystem since its inception, and they wanted to embed Yearn’s yield-generating protocol into crypto index funds.
They’ve been able to integrate Yearn into first index, PDI, to maximise the returns users can have when investing in the Phuture DeFi Index. They’re proud to work with such a pivotal force in the DeFi ecosystem.
“The Yearn community is proud to support Phuture’s mission to bring safe and simple crypto exposure to all investors. We were founded based on the belief that DeFi can reinvent how financial products work, and we’re pleased to be part of this reinvention within the crypto index sector.” — @Corn, core contributor at Yearn.finance
How PDI generates returns
The Phuture DeFi Index generates returns in two ways:
- Appreciation of the assets within the index,
- Additional returns by placing a portion of the underlying assets in Yearn.
PDI utilises rigorous criteria to select and manage the assets, based on:
- Token utility
- Asset safety
You can learn more about the methodology here.
Yearn Finance is a DeFi protocol that allows users to optimise earnings on their crypto assets through their yVault product. yVault uses strategies that seek out the highest risk-adjusted yield in DeFi, without the need for traditional banks or intermediaries.
Yearn is a DAO, meaning that the ecosystem is decentralised and governed by YFI token holders who submit and vote on proposals that make decisions about the platform.
YFI is also an asset within the Phuture DeFi Index, which aims to bring exposure to the top assets in DeFi.
Phuture (PHTR) is a decentralised crypto index platform that simplifies investments through automated, themed index funds on Ethereum. Accessible by anyone with an internet connection, Phuture is perfect for investors looking to upgrade their crypto investment strategy. Founded in 2019, Phuture has raised USD 3.75 million from VCs, crypto funds and investors such as the CEO of Bitcoin.com.