Yearn Finance
Onchain Tooling
Description
Yearn Finance optimizes DeFi yield farming through products like Vaults and Earn, automating strategies to maximize user profits while minimizing complexity and gas costs. Governed by YFI token holders, proposals for protocol changes start on the Yearn Finance forum and require over 50% YFI holder approval to pass. The revamped tokenomics introduce a Vote Escrow mechanism for YFI stakers. Founded by Andre Cronje, Yearn Finance did not raise funds or reserve tokens, operating uniquely without private or public funding rounds.
Value Proposition
Yearn Finance is a DeFi platform that optimizes yield farming strategies to maximize profits for users. Yearn Finance achieves this through its core products, including Vaults, Earn, Zap, and Cover, which automate the yield generation and rebalancing process, thereby reducing the complexities and gas costs associated with DeFi investments.
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Programs
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Developers
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Superchain
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Ventures
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