The strategy behind the yETH vault

By GabrielHaines | Gabriel | 3 Sep 2020


The yETH vault just launched yesterday on yearn.finance

In this video, I explain the strategy behind the vault and some of the risks associated with using it. The basics is that when your ETH is placed into the yETH vault it gets put into Maker and used as collateral to take a loan in DAI. That DAI is placed into curve.fi to generate fees and the CRV token. Finally, the CRV token is sold to generate more holdings in the yETH vault. This strategy is not without risk. You can loose all of your funds that are placed in yEarn. Do you own research.

 

strategy

How do you rate this article?


5

0


Gabriel
Gabriel

I make crypto content Make sure you are subscribed on Youtube for the latest tutorials, news and interviews Youtube.com/gabrielhaines Follow me on Twitter for memes, hot takes, and more DeFi twitter.com/gabrielhaines

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.