Yearn Finance Newsletter #16

Week Ending December 20th, 2020

Welcome to the 16th edition of the Yearn Finance Newsletter. Our aim with this newsletter is to keep the Yearn and the wider crypto community informed of latest news, including product launches, governance changes, and ecosystem updates. If you’re interested in learning more about Yearn Finance, follow our official Twitter and Medium accounts.


  • Two new yVaults Deployed

  • Launch of the ytVault Registry

  • New Proposal to Create the ASSY Index

  • Yearn Founder Andre Cronje Named DeFi Person of the Year

  • State of the Vaults

  • Partnership Roundup

  • Ecosystem News

Two New yVaults Deployed

We are pleased to announce the launch of two new yVaults: GUSD/3Crv and mUSD/3Crv. These vaults accept liquidity provider (LP) tokens from the GUSD/3Crv and mUSD/3Crv pools on LP tokens are deposited in the liquidity gauge on and earn CRV, which is periodically sold and deposited back into the corresponding pool on Vault depositors have rights to these profits.

These yVaults are now live on our vaults homepage that you can access here.

Launch of the ytVault Registry

We are in the process of testing several v2 yVaults, however, v2 yVaults have not officially launched and the code is still under audit. These preliminary v2 yVaults are experimental and will likely be discontinued when v2 yVaults formally launch. We urge users to understand the risks associated with these vaults and use extreme caution. We are not responsible for loss of user funds related to unforeseen bugs or events. 

However, a UI has been launched that compiles all experimental vaults in one place, which you can access here

New Proposal to Create the ASSY Index

A new proposal on the PowerIndex governance forum has been created that would launch the “ASSY” index. This index would consist of AAVE, SNX, SUSHI, & YFI tokens. “ASSY” differs from other PowerIndex indices in that it would consist of the staked versions of these tokens (e.g., stkAAVE, xSUSHI, yYFI, SNX in Mintr). 

You can view the discussion related to this proposal here

Yearn Founder Andre Cronje Named DeFi Person of the Year has named Yearn founder the DeFi Person of the Year. Andre founded Yearn Finance at the start of 2020, and created the first generation yTokens. These tokens (yDAI, yUSDC, yUSDT, etc.) programmatically obtain the most optimal interest rates by switching deposits between AAVE, Compound, and dYdX with no action by the end user. The 2nd generation of these tokens eventually formed the foundation of the yPool on Curve.Fi. In July 2020, the Yearn governance token (YFI) was launched to govern the Yearn Finance ecosystem. This fair launch liquidity mining event ignited the yield-farming craze that consumed much of DeFi. Numerous projects have now emerged building upon the foundation formed by the Yearn Finance ecosystem.

You can read the full publication here. Congratulations to Andre and all the runner-ups, including Yearn developer Banteg!

Yearn State of the Vaults

You can read our weekly synopsis regarding Yearn’s yVaults, including current strategies and upcoming changes here

Partnership Roundup 

You can read our weekly partnership roundup discussing updates involving partners in the Yearn ecosystem here

Governance Roundup

There have not been notable governance proposals or changes to the Yearn ecosystem this past week. As such, there has not been a governance roundup published. 

Ecosystem News

Diagram of the upcoming yHEGIC vault

Keep3r Treasury updates

Bitcoin smashes through its all-time high

BentoBox is in the final stages of audit

Yearn Partnership Roundup translated to French

Monthly yVault stats as of December 16th, 2020 DeFi Person of the Year publication

Twitter thread introducing the ASSY index v2 test vault strategy is live

Bigbadaboom.eth has created a Yearn inspired holiday gift card

Diagram of the upcoming yDEV vault

A small dash of hopium

yGift family portrait

New yVault code released (vault not live yet)