Yearn Finance Newsletter #32
Yearn Finance introduced Weekly Newsletter #32 to keep the Yearn and the wider crypto community informed of latest news, including product launches, governance changes, and ecosystem updates.
Summary
- Yearn TVL Has Surpassed $4b
Total value locked across all Yearn products has surpassed $4b, and has only taken 32 days to double from $2b to $4b. In comparison, it took Yearn 226 days to double TVL from $1b to $2b. Yearn is continuing to see parabolic and continuous growth among it’s products with no indication of growth slowing down. The Iron Bank product has seen notable increases since the start of April, in conjunction with sustained growth of our v2 yVault product line.
- Introducing Woofy: A Blue Dog Companion to YFI
WOOFY is a blue dog companion to the YFI token. Holders of YFI can “woof” into WOOFY by using the user interface at Woofy.Finance. By “woofing” into WOOFY you exchange your YFI token for WOOFY at a rate of 1 YFI : 1,000,000 WOOFY. This exchange rate is static. You can exchange WOOFY back to YFI by using the “unwoof” button on the user interface. WOOFY is always fully backed by YFI. Some users in DeFi have expressed concern that the YFI token is very expensive, therefore, WOOFY enables people to gain exposure to YFI using a much smaller unit of account (1 YFI : 1,000,000 WOOFY).
- How to Utilize Your YFI Token
- Strategists Have Been Paid $5m in 2021 YTD
The strategists and developers at Yearn are among the most knowledgeable and tenured members of the DeFi community. These individuals work hard to find the best risk-adjusted opportunities to earn yield in DeFi in a constantly changing environment. In addition, the Strategists are constantly monitoring, harvesting, or tweaking our yVaults for your benefit so you don’t have to any work related to the tasks.
- Vaults At Yearn
What is 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.
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