Yearn Finance Newsletter #31

Week Ending May 2nd, 2021

Welcome to the 31st 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.

Summary

• Total Value Locked Has Exceeded $3.3b

• Introducing yvBOOST

• Deposit Caps Lifted for Yearn & Badger WBTC Vault

• Several New yVaults Launched

• Vaults at Yearn

Total Value Locked Has Exceeded $3.3b

Yearn total value locked is continuing to experience high growth, and has now exceeded $3.3b in assets. Total value locked is calculated between iEarn, yVaults (v1 & v2), Iron Bank, and special (experimental) vaults. We have created a dashboard that tracks and displays TVL between the above products, which you can view here. 

Introducing yvBOOST

We are proud to announce our newest revolutionary product: yvBOOST. Our “Backscratcher” vault enables you to deposit CRV and in return earn weekly 3CRV fees from the Curve DAO. You can read more about this vault in detail here. We are introducing yvBOOST that takes this vault one step further, and uses the weekly 3CRV fees earned from the Curve DAO to purchase more CRV. The purchased CRV is deposited back into the vault and gives depositors long exposure to the CRV token. This increases the vaults balance of veCRV over time, which is used to boost the APYs of all Yearn vaults that have Curve Finance strategies. 

We have launched the yvBOOST-ETH pool on @SushiSwap to create liquidity for yvBOOST and incentivize liquidity providers with higher return in the form of SUSHI rewards. You can read our full announcement on yvBOOST here and deposit to the vault here. 

Caps Lifted for Yearn & Badger WBTC Vault

We previously launched a WBTC vault in collaboration with BadgerDAO. This vault had a guestlist and deposit cap, which has now been waived. Over 3,600 WBTC has already been deposited to this vault. 

You can deposit to this vault here.  

Several New yVaults Launched

There are several new yVaults that have been launched recently, such as the crvLUSD, crvFRAX, yvUSDT v2, and crvSAAVE. You can view the latest APYs for these vaults and deposit to these vaults using this link. 

Vaults At Yearn

You can read detailed strategies of our yVaults here.