Yearn Finance Comic - Part 2

By xuanling11 | Crypto Learning | 22 Apr 2022


What is the Yearn vault? How is that different from the bank vault?

 

Let’s explore.

 

 

Table of Content

Bank Vault

Yearn Vault

yVault

In Conclusion

 

Bank Vault 

 

 

A vault is a secure place to store valuable goods. Vault is particularly strong to defend against any possible destruction from bank robbers. There was an arms race between banks and robbers in the past. Each side invented a new technology to defeat one other. Since assets back then were heavily stored physically in vaults, robbers targeted bank vaults frequently until digitization to move physical assets away into the network system.

 

Nowadays, many vaults repurpose into tourists attractions and restaurants. Banks may no longer need a physical place to store their valuables.

 

Yearn Vault

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Image credit: https://medium.com/iearn/yearn-finance-explained-what-are-vaults-and-strategies-96970560432

 

 

Unlike a physical bank vault to prevent robbery, a digital vault has more purposes for users. It is a secure fund pool operating through smart contracts to yield profits through different investment strategies. 

 

It is an imaginary box with many secret sauces to make funds yield profits. Opposite to exclusive robbers, Yearn vault is open to everyone to participate and explore the potential earning opportunities.  

 

yVault

4df798f1dde2a79cbaa9af74dfbdba615f4c7ff483b20d4e011523cf5ced67aa.png

Image credit: https://medium.com/yearn-state-of-the-vaults/the-vaults-at-yearn-9237905ffed3

 

yVault has been updated from version 1 to version 2. It becomes more flexible to implement strategies into yVault to create more ways to explore the yielding potential. It can include up to 20 strategies simultaneously within one vault. With different types of tokens, the vault can expand and adopt new types of tokens. The yielding potential becomes unlimited.



In Conclusion

 

Yearn vault is a digital smart contract with strategies embedded to create inclusive yielding opportunities. As opposed to a bank vault which exclusively has dangerous characters to protect their assets.


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Yearn Finance Comic
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Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.

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