Yearn Finance Newsletter #28

Week Ending March 29th, 2021

Welcome to the 28th 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.


  • Yearn TVL All Time High & Release of Yearn.Science

  • Launch of the Iron Bank yVault

  • Governance Discussion over EPS Airdrop

  • Second Epoch of Coordinape Commenced

  • Update to Our Snapshot

  • 1INCH Integrates YLA Swaps

  • State of the Vaults

  • Partner Roundup

Yearn TVL All Time High & Release of Yearn.Science

Yearn total-value-locked (TVL) has experienced explosive growth recently, and we are proud to announce it has surpassed its all-time-high set in September 2020. This is largely due to the release of our v2 yVaults in January, additional v1 yVaults, and growth in Iron Bank deposits. Several TVL reporting sites have been inaccurately reporting Yearn’s TVL. We have released Yearn.Science to accurately report our TVL for users and the wider DeFi community. Please update your inaccurate TVL figures!

As of the date of this publication, Yearn TVL has surpassed $1.74b. You can view Yearn.Science here

Launch of the Iron Bank yVault

We are pleased to announce the launch of our latest yVault for the Iron Bank. Liquidity providers of the Iron Bank pool on Curve Finance can now utilize this yVault to automatically earn CRV rewards, harvest them, and have them sold to one of the underlying tokens. Users will earn interest from holding the underlying Iron Bank tokens as well as yield from the CRV rewards. 

As of the date of this publication, the Iron Bank yVault is earning 28.35% APY. You can deposit to this vault and see all our yVaults with this link

Governance Discussion over EPS Airdrop

Ellipsis Finance is an authorized fork of Curve Finance on Binance Smart Chain (BSC). Ellipsis launched this past week and has committed to airdropping 25% of it’s supply over the next 12 months to veCRV holders. Yearn is among the largest veCRV holder with a balance in excess of 11m veCRV. We have already received a fairly substantial airdrop, and will be receiving more airdrops weekly. A new discussion is on the governance forum to determine what to do with these airdrops. We encourage you to join the discussion here

Second Epoch of Coordinape Commenced

The second epoch of Coordinape has begun and we encourage all eligible users to participate. Coordinape is a newly introduced system that is used to distribute half of the Yearn monthly community grants budget. Our aim is to decentralize the community grant distribution process into the hands of our contributors. Anyone has received a grant from Yearn in the past is eligible to participate and is allocated 100 GIVE tokens. These tokens are allocated to any contributor in the Yearn ecosystem and will determine the amount of grant they will receive that month. 

You can access and vote in the second epoch here

Update to Our Snapshot Page

Our Snapshot has undergone an upgrade and you can now vote on governance proposals with YFI held in your wallet, yvYFI, Bancor, Balancer, Uniswap, or SushiSwap. Our new Snapshot also supports vote delegation, enabling you to delegate your YFI votes to another wallet. 

There are also some YFI still held in our governance staking contract. We urge these users to withdraw from this contract and the v1 yvYFI and migrate to the v2 yvYFI. 

Check our the new Snapshot page here

1INCH Integrates YLA Swaps

The Yearn Lazy Ape Index (YLA) offered by PowerIndex has been integrated by the 1INCH dex aggregator. The YLA is a diversified cash-flow generating portfolio of several v1 yVault tokens that dynamically adjusts weights according to TVL. 1INCH is now the most optimal platform to swap between the v1 yVaults in the YLA. The YLA consists of yvCurve-Compound, yvCurve-3pool, yvCurve-GUSD, yUSD, and yvCurve-BUSD. 

You can deposit to the YLA on PowerIndex here, and swap on 1INCH here

State of the Vaults

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

Partner Roundup

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