4th August - Yearn News

By glennherriott | glennherriott | 4 Aug 2021

4th August

Hello and welcome! This newsletter is going to be all about Yearn Finance, a protocol that enables ethereum users to get a rate of return on their cryptocurrency.

Ecosystem News

31k users so far on Yearn, over 200k on Sushi

Andre Cronje proposes new protocol, Fixed Forex, to help solve international transfer of funds problem: https://cryptog1rl.com/yearn-finance-founder-cronje-proposes-fixed-forex-concept-in-defi/
Here’s how total value locked on Yearn looking right now:

Governance News

Proposal: Yearn and other protocols working together to create a Legal Activism DAO. Recommend reading this: https://gov.yearn.finance/t/proposal-fund-builder-first-legal-activism-dao/11280
Cripu interested in creating content. What do you think? Join the conversation here: https://gov.yearn.finance/t/proposal-create-new-youtube-account-for-newbie/11241
We’re being assessed. Can you help explain how Yearn is being governed?

https://docs.google.com/document/d/1d4Hz_bH4yYb5vFgHYe2p_cl0O5O0YVQ3TVGJEhqiv9k/edit#

Source: Yearn Governance Forum

What are people asking right now

Why should i use v2 vaults instead of v1 vaults?

V1 vaults are not harvested anymore, so to earn yield it is important to migrate to v2. This is me doing it recently:

How does yfi allocate our asset and how does it change strategy?

Have a look at https://yearn-finance.vercel.app/system and let me know if it makes sense to you!

Bits and bobs

If you’ve ever used Yearn, perhaps you have a NFT of the book ‘The Blue Pill’ waiting for you. Check out: https://twitter.com/iearnfinance/status/1420772966200135685

I am jealous of you!

Here’s one page that grabbed my attention:

Learn more about the Blue Pill from Ceazor here: https://www.youtube.com/watch?v=Iw6VF2uGc6I

New version of Yearn website coming soon. Will show you how much you have earnt so far for each Vault and an estimation for the future just like this:

Source: banteg

Did you know?

YFI is the governance token with a 36,635 supply. Its creator stated that the coin had no value, but it has traded at an all time high of around $90,000.

Weekly Challenges