Yearn Finance Newsletter #35

Welcome to the 35th 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

  • Yearn Has Purchased And Locked 1.42M CRV For The Backscratcher

  • Cumulative Protocol Revenue Reaches $22M

  • Yearn V2 Vaults Have Produced Over $50M In Revenue For Users

  • Forum Proposal: Own The Land On Which We Operate

  • Monthly AMA Concluded

  • Vaults at Yearn

Yearn Has Purchased And Locked 1.42M CRV For The Backscratcher

Yearn has purchased and locked 1.42 million CRV. This CRV has been locked in our “Backscratcher” vault (yveCRV) that will boost the APY yveCRV, yvBOOST, and all vaults with Curve Finance strategies.

Access the vaults here and here.

Cumulative Protocol Revenue Reaches $22M

Yearn has earned over $22 million in revenue, since launch (excluding the interest earned by depositors). In the past 30 days, $6.69 million dollars in revenue has been generated by the protocol. An extrapolation of this data projects annual revenue to be $81.35 million.

Yearn’s cumulative revenue and other statistics are viewable here.

Yearn V2 Vaults Have Produced Over $50M In Revenue For Users

We are thrilled to announce that, in just over four months, Yearn v2 yVaults have produced over $50 million in revenue.

A big thank you to everyone in the Yearn ecosystem, community, and of course you the end users. 

Various financial statistics can be found here.

Forum Proposal: Own The Land On Which We Operate

A new proposal has been posted on our governance forum that would use protocol earnings to buyback YFI and ETH with protocol revenue, instead of only purchasing YFI. We encourage you to join the discussion here.

Monthly AMA Concluded

The latest Yearn AMA concluded on May 26th on our Discord server. We always welcome community members to ask us any questions they may have about current Yearn products, or future ones as we value complete transparency and communication. You can read a recap of this AMA here.

Vaults At Yearn
You can read a detailed description of the strategies for all of our active yVaults here.