Review on yearn.finance II by erdi yılmaz
yearn finance II
It aims to use users to evaluate crypto assets by participating in different liquidity pools. This allows you to get the highest profit from the liquidity pools. It scans pools in the DeFi ecosystem to find the most profitable liquidity.
You can join yPools in the Curve protocol with YEarn tokens. When users enter these pools, they convert their crypto assets into stablecoin yToken such as yUSDT, yDAI, yUSDC. Thus, a share can be taken from the transactions made on the Curve platform.
The YFI token is the fastest growing DeFi project in cryptocurrency history. As we are aware of the interest shown in decentralized finance DeFi projects, the long-awaited financing was at the center of DeFi projects and therefore received a large share.
Despite its low supply, it has at times gained a reputation for being worth more than 1 BTC of the token price. The reason why the price has increased so much is that at the beginning of the project, an annual interest income opportunity of close to 40% is offered in the annual financing pools.
Pros
- YFI hiring users can vote for changes to the protocol or they can request an amendment themselves.
- Currently, there are dozens of liquidity pools in the Vaults section of yearn finance. You can connect to yearn finance with your Metamask, WalletConnect, Trezor or Ledger wallet. You can sort the pools by version numbers, by the amount you invested, by the percentage of annual earnings, by the total assets invested, by the amount of crypto assets available for investment.
- yearn finance enables profit by lending crypto assets
Cons
- Market value is only 1.6 billion dollars
