What is yearn platform (What is yearn.finance)
Yearn is a platform built on Ethereum that functions as an automated market mak
Yearn is a platform built on Ethereum that functions as an automated market maker (AMM). Through Yearn’s smart contracts, it provides decentralized trading services for users. The platform allows anyone to create and manage their own cryptocurrency wallet as well as a variety of token portfolios. It also has the capability to adjust, rebalance, and increase liquidity based on the balance sheet. Furthermore, Yearn operates as a decentralized, open protocol. Currently, YFI has become one of the popular projects in the DeFi field.
What is yearn.finance
yearn.finance is a DeFi project based on Ethereum that automatically deposits assets into smart contracts through contracts. Users can earn YFI rewards by collateralizing their held assets. The platform supports using YFI as collateral to earn interest in various protocols without providing liquidity to anyone.yearn.finance also offers various types of portfolio strategies, including investing in the YearnFinance protocol and products, which can be used for hedging and risk management. According to the official introduction, yearn.finance’s fund pool provides users with an opportunity to participate in governance and allows them to create their own investment strategies on the platform. Additionally, there is a strategy that allows for inter-exchange among multiple platforms.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/23512/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What currency is cgc (what digital currency is cgc)
what currency is cgc According to cryptoglobe, CoinGecko, a decentralized trading platform based on Ethereum, announced that it has reached cooperation with and provided support for Cgc. According to the announcement, the platform will issue a token completely controlled by the community and freely convertible into Cryptocurrency such as Bitcoin and Litecoin. When transferring funds for users, they can use these tokens to exchange for other assets, earn profits, and automatically convert into legal currency through smart contracts. In addition, in order to enable more people to understand what type of Cgc is, it is also hoped that more investors can participate and improve the value of their investment portfolio allocation What is cgc digital currencycoinGodCoin (CGC) is a digital currency based on Ethereum network. Its characteristics are that it can be used to pay transaction costs, exchange cash or invest in Fiat money; In addition, it can also be used for purposes such as purchasing goods and services It…
-
Pocket Universe Warns of NFT Theft by Hackers Exploiting Blur Signature Vulnerability
It is reported that the Web3 security company Pocket Universe issued a warning on social media that hackers may steal NFT by using the Blur signature vulnerability. This scam will use the forged signature request to exhaust the NFT of users’ wallets. Its operation mode is to induce the victim to sign a transaction of “selling NFT in bulk at 0 ETH price”. However, there is always a message in the Blur batch list that is unreadable, As a result, users do not know what they are signing and the message cannot be translated, which will make it easier for hackers to gain access and make it more difficult to identify malicious requests from hackers. Pocket Universe said that it has provided a security solution, that is, to mark transactions that are not from the official Blur website. However, in the first cases, hackers have been found to have stolen 5 ETHs in a signed transaction. Security companies: hackers or…
-
Biden Takes a Strong Stance Against Bank Mismanagement
According to reports, U.S. President Biden said that if a bank (such as Silicon Valley Bank or Signature Bank) was taken over by the Federal Deposit Insurance Corporation of the United States, the people who run the bank should no longer work there, and the management of these banks would be dismissed. In addition, Biden also said that the investors of these banks “will not be protected”. The investors took the risks knowingly and lost funds because the risks did not get paid. （theguardian） Biden: The management of Silicon Valley Bank and Signature Bank will be dismissed Analysis based on this information:The recent reports about President Biden’s stance on banks that are taken over by the Federal Deposit Insurance Corporation (FDIC) have stirred a lot of debate and discussion. According to Biden, if the FDIC takes over a bank like Silicon Valley Bank or Signature Bank, the management should no longer work there, and the investors of these banks would…
-
What does ETH transaction mean (ETH transaction unit)?
What does ETH transaction mean? On the Ethereum network, ETH transaction refers
-
Aave Community Proposal: Launching a Vulnerability Reward Program on Immunefi
According to reports, the Aave community has initiated a proposal to launch a vulnerability reward program on Immunefi. The maximum vulnerability reward for smart contracts is $1 m
-
About 3 hours left until Ethereum Shapella upgrade
According to reports, data shows that there are about 3 hours left until the Ethereum Shapella upgrade (upgraded when Epoch was 194048, currently Epoch is 194019). The current esti
-
MathWallet Integration with Alchemy Pay’s On & Off Ramp Solution for Legal Currency Payment
On March 10, the Web3 multi-chain encrypted wallet MathWallet has integrated Alchemy Pay\’s legal currency payment solution On& Off Ramp, users can purchase…
-
Table of Contents
According to reports, US Senator Elizabeth Warren (D-Mass.) and a colleague urged the US audit supervision agency to take action against the \”false audit\” of cryptocurrency compani
-
What can CPU mining machines mine (Can CPU mining machines be purchased?)
What can CPU mining machines mine? This article is provided by GPUPooler.Accord
-
Coinglas Data Shows Significant Sales in Cryptocurrency Network
According to the report, according to the data of Coinglas, the entire network has sold out US $990.772 million in the past 24 hours. Among them, Bitcoin and E…
-
The Future of National Supercomputing Internet in China
On April 17th, it was reported that this morning, the National Supercomputing Internet Work Kickoff Meeting was held in Tianjin. The conference initiated the establishment of the N
-
Coinbase Launches Ethereum L2 Network and Commemorates Launch with Free NFT
It is reported that Coinbase has recently launched the Ethereum L2 network base. To commemorate the launch of the network, Coinbase created an NFT that can be …
-
Celsius Settlement Agreement with Unsecured Creditors Reached
On March 29, the Official Committee of Unsecured Creditors of Celsius (UCC) tweeted that Celsius, UCC, and the Account Retention Team had reached a settlement agreement to provide
-
#Federal Reserve Chairman Powell: No Interest Rate Cuts Expected This Year
According to reports, Federal Reserve Chairman Powell: Participants believe that there will be no interest rate cuts this year. This year\’s interest rate cuts are not our basic exp
-
The Legal Battle Over Cryptocurrency Mixer Tornado Cash: Blockchain Association’s Support
On April 13th, the encryption advocacy organization Blockchain Association submitted a new court document on Wednesday to support a six person group suing the US government and rel
-
Layer1 Blockchain Buys Back FTX Equity for $96 Million: What Does This Mean for Sui Tokens?
According to reports, the team behind Layer1 blockchain Sui, Mysten Labs, paid $96 million to repurchase FTX\’s equity, which also includes FTX\’s right to purchase Sui tokens. The r