Yearn just turned 5!
Holy shit! That's basically middle aged in animal PFP years.
No matter the market value of said animal PFP, it's still a great opportunity to take a look at some highlights from the last 5 years and exciting opportunities coming up for @yearnfi.
Since DeFi Summer, Yearn has provided the highest risk-adjusted returns in DeFi with a peak of $6 billion deposited and products across multiple verticals.
Some of you were drawn away by newer, shinier things (*cough*... points) but the devs kept building...
...and the vaults never stopped earning and compounding yield.
Yearn devs were key players in the development of the ERC-4626 standard for vaults. ERC-4626 vaults currently hold billions of dollars of value and we built our flexible and battle tested V3 vaults on it.
We have existing and upcoming integrations with:
@katana
@LiquityProtocol
@AlchemixFi
@CurveFinance
@term_labs
@superformxyz
@OctantApp
@Truemarketsorg
At Yearn, we are committed to the roots and ethos of DeFi. Our vaults are always non-custodial. While many other players have moved toward trusting multi-sigs for critical operations, our devs pride themselves on minimizing touchpoints across our vaults.
While the quality of our smart contracts is non-negotiable, we know that we can't skimp on the front-end user experience.
Our devs and designers are also in the process of overhauling the site to make the experience of depositing, using, and withdrawing from yearn vaults and other products seamless and more user-friendly.
Yearn has always been at the forefront of DAO operations and management, and we are not stopping now. We are researching new ways to organize and protect contributors with BORGs from @MetaLeX_Labs while also exploring avenues to better align user, developers, and token holders.
Did someone say tokens?
Rewards are going BRRR for selected vaults, and the devs have cooked up a new vault type that makes earning them super easy. We are giving Yearn the yearn-treatment and autocompounding YFI rewards for you.
At Yearn, we are proud of the way we have represented DeFi and the work we have done in our first 5 years. Here is to another great 5 years of growth and new milestones!
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