Yearn Finance protocol
Overview
Yearn Finance operates as a DeFi protocol designed to automate yield optimisation via vaults. It consolidates and adjusts user capital across multiple DeFi platforms to pursue the best possible returns. Governance of the protocol rests with YFI token holders.
Within The Counterparty graph, Yearn Finance connects to 1 tracked entity, most strongly to Yearn DAO.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
governs | Yearn DAO | 70% |
Questions on the record
What is a yVault?
A yVault is an automated system that pools deposits from multiple users, allocates them to yield-generating strategies, and periodically rebalances the portfolio. By aggregating transactions, it reduces individual gas costs.
What are yLockers?
yLockers are vault products from Yearn that are constructed around vote-escrowed governance tokens, including yCRV and yPRISMA. They allow users to earn enhanced yield on tokens that would otherwise be locked and illiquid.