Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Yearn Vaults (stylized as yEarn Vaults) are one of the more exciting things happening in the decentralized finance (DeFi) space right now. Yearn Vaults are the brainchild of Yearn Finance, and comes as a response to the recent yield farming and liquidity mining trends. Specifically, Yearn Vaults are pools of funds following certain strategies, which attempt to provide passive income streams through competitive yield farming strategies.
Keeping this in mind, Yearn Vaults mainly appeal to risk-tolerant traders. However, before we jump into the specifics of Yearn Vaults, let’s do a quick rundown of the yearn.finance protocol and see exactly what it does.
In need of a refresher on Yearn Finance? The Ivan on Tech Academy blog has an extensive guide to Yearn Finance, and if you are looking to learn more, countless Ivan on Tech Academy courses are just a click away! Choose between loads of cryptocurrency and blockchain courses and supercharge your blockchain education!