Welcome to the 54th edition of the Yearn Finance Newsletter. Our aim with this newsletter is to keep the Yearn and the wider crypto community informed of the 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
Introducing Seven New Fantom Vaults
New Curve Vaults Live
Yearn Web Updates
Yearn Finance Vaults: Knockin’ on DeFi’s Door
Update on yvBOOST
Vaults at Yearn
Ecosystem News
Introducing Seven New Fantom Vaults
On Fantom, these seven vaults join the mix: WBTC, WETH, SPELL, DOLA, Curve Tricrypto, Curve Geist, and CRV
Meanwhile, with nearly $400M TVL in Fantom vaults, we're still seeing juicy APYs, up to over 45%. Most of the Fantom vaults utilize folding on Scream, with Geist Finance and Tarot Finance strategies arriving imminently
What's your move? Start depositing today at yearn.finance/vaults.
New Curve Vaults Live
On Ethereum, the following new Curve vaults are live now: CVX-ETH, CRV-ETH, 3EUR, UST Wormhole, USDPax, DOLA, and RAI - the first vault utilizing Reflexer’s custom Curve implementation
As for 3EUR, this token represents a Curve liquidity pool. Holders earn fees from users trading in the pool, and can also deposit the LP to Curve's gauges to earn CRV emissions. This pool contains agEUR, EURT, and EURS. agEUR is a synthetic Euro issued by Angle Protocol, while EURS and EURT are both centralized, hard-pegged Euro tokens issued by Stasis and Tether, respectively.
The 3EUR strategy supplies 3EURpool-f to Convex Finance to earn CRV and CVX (and any other available tokens). Earned tokens are harvested, sold for more 3EURpool-f which is deposited back into the strategy.
Check out the new vaults here.
Yearn Web Updates
This week's Yearn web update includes several first-time contributors opening PRs and improved backend logic for Iron Bank & Curve LP tokens
Upcoming updates are an updated test suite for the Yearn SDK, more descriptive simulation errors, and refactoring the API with documentation.
Check out the full new update here.
Yearn Finance Vaults: Knockin’ on DeFi’s Door
This article from BanklessDAO offers a complete summary of the features offered by Yearn and depicts how it makes DeFi easier to use.
Overall, using Yearn vaults is a bet on the protocol having the highest security of yield aggregators and being able to bring significant capital efficiency to DeFi with the amazing work of all strategists and their automations.
Check out the full piece here.
Update on yvBOOST
Most may not realize, but 1 yvBOOST collects 2.2x more weekly Curve protocol fees than 1 veCRV. yvBOOST APR is also over 100%, sustained, with 1 yvBOOST currently being 32% cheaper than 1 CRV. Even after all this, there is over $5M still to be donated to yvBOOST holders
Check out the donations here.
Vaults At Yearn
You can read a detailed description of the strategies for all of our active yVaults here.
Ecosystem News
Watch out for the upcoming Yearn x Pills collaboration
Check out a reading list on how to write strategies for Yearn