To obtain more information about managing cookies, visit is what used to be iearn.finance an automated DeFi yield aggregator that had around $8m AUM with ~10.5% aggregate yields before shipping $YFI last Saturday. However, if you block cookies, your browsing experience and the services we are able to offer you may be impacted. Because we respect your right to privacy, we give you the opportunity to opt out of cookies. The information generally does not directly identify you, but may provide you with a personalized web experience. This information may be about you, your preferences or your device and is primarily used to ensure that the website functions properly. When you visit a website, data may be stored in or retrieved from your browser, usually in the form of cookies. To learn more about how we collect, keep, and process your private information in compliance with GDPR, please view our ZENPULSAR Privacy Policy in our Corporate Policies and Procedures as well as our General Terms and Conditions. Under the General Data Protection Regulation (GDPR) (EU) 2016/679, we have a legal duty to protect any information we collect from you. In fact, not only did Yearn Finance continue to function after Cronje’s departure, but the platform has confidently retained its leadership position among DeFi yield aggregators. This is perhaps one of the best examples of how blockchain-based decentralization works - key people might come and go but the underlying decentralized protocol can operate unimpeded. It continued functioning, supported by its user activity and the underlying Ethereum blockchain. However, since Yearn Finance is a decentralized blockchain-based app, Cronje’s departure didn’t mean that the platform stopped operating. In March 2022, Cronje announced his retirement from all his DeFi projects, including Yearn Finance. In September 2021, Yearn Finance announced the introduction of the protocol’s third version. The platform’s second version, launched in early 2021, included a number of significant improvements, of which the key one was the introduction of multiple strategies per vault. Cronje’s standing as a leading DeFi figure supported much of the platform’s early success. Cronje is well-known in the world of blockchain as a key person behind a number of projects. The project’s founder is South African blockchain entrepreneur Andre Cronje. Yearn Finance was launched in July 2020 on the Ethereum blockchain. The top 5 yield aggregating DeFi protocols by Total Value Locked The protocol has grown to become the largest DeFi yield aggregator by total value locked (TVL).Īs of today, Yearn Finance has a TVL of nearly half a billion USD, confidently ahead of the second-largest yield aggregating platform, Beefy Finance (BIFI), and vastly ahead of other yield aggregators. Yearn Finance is a useful tool for crypto traders who are looking for ways to optimise their investments and reduce the time spent searching for profitable liquidity pools and other crypto income sources. There is also a management fee of 2% per year. There is a 10% performance fee, which is deducted from the returns generated by the vault. Users pay two types of fees for using the vaults. After major upgrades to the protocol, vaults can now support many strategies, diversifying the earnings optimization potential per vault. In the first version of Yearn Finance, each vault was limited to only one strategy. Vaults may use various strategies to maximise yield. Each vault has its own smart contract address on Ethereum for users to send crypto funds to. Being a decentralized smart-contract protocol, Yearn Finance manages all the deposits, fund allocations, and payouts automatically via its smart contracts. Yearn Finance users deposit their funds into so-called vaults on the platform.
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