TVL: $963,799,222 (-4%) PRICE: $18,006.26 (-9%)
Product:
v2 Vault Design
The team held a dev call yesterday to go over the v2 specs. You can find a link to those specs here as well as a link to the formal proposal under the Governance section below.
Also, check out the new vaults logo that @futurefund has been working on:
Yearn Ecosystem Stats
This was posted in our community telegram group and I thought it was worth sharing. Consider it a one stop shop for all stats related to the yearn ecosystem.
Dune Analytics
Yearn API
You can also use this API for your own queries.
Defi Marketcap
Use this to check out the Yearn Ecosystem marketcap
Vaults ROI Stats
Yield Farming
Yearn.Party - To see your value increase in real-time
Governance:
Proposal: Vaults V2 Design
This YIP proposed by fubuloubu is a redesign of the Yearn Vaults system to accommodate several improvements meant to increase the robustness, security, and flexibility of the Vaults moving forwards
Proposal: Create a New Strategy to Farm SWRV
franklin would like to create a new strategy (or vault, if applicable) that would deposit stablecoins (DAI, USDC, USDT, TUSD), to farm SWRV.
General Chat: Yearn Reimagined - As Governance Token Participant vs. Dumper
redarmanino suggested that instead of dumping Governance tokens like CRV and UNI, let’s bring them back into their respective Vaults and keep the “yield” as a paper yield, as an Unrealized Gain.
Those who wish to sell their UNI or CRV are free to do so. And those who like to keep their Governance tokens are also free to do so.
Proposal: Aave lending pools Vault
Ceazor proposed an idea for deposits of a single coin (say ETH) to be spread across all the aave lending opportunities. The spread would be based on the yield opportunities therein. However, if the vault got too big it would saturate all the lending opportunities found there.
Community:
There were several tweets about the yearn ecosystem that caught my eye yesterday. Check them out below:
Two ways to farm the $YFI vault pool tokens right now.$YAX and $SNOW.$YAX seems to be doing well. Great APRs in 70-100% across ETH/BTC/stable/BTC with little IL risk.$SNOW the APR is a bit of an unknown but suspect will also be good in the end, we won't know until Oct 12th.
— Cryptoyieldinfo.YFI (@Cryptoyieldinfo) October 6, 2020
I’m pretty sure the $YFI community is going to really like the V2 approach.
— $YFI Blue Bull (@yfi_bull) October 6, 2020
The real (non speculative) demand for $YFI will exceed by multiples all time highs in the next 2-4 weeks.
Don’t let me tell you I told you so...
Think yETH, yBTC, rewards in $YFI...
yOctober is here
Honestly don’t mind that Andre is silent. The guy deserves his rest. @bantg has been absolutely lights out on comms and is proof that @iearnfinance is not reliant on a single individual. $YFI all day.
— ChadDaddyDeFi (@ChadDaddyDeFi) October 6, 2020
Media:
Read: Yearn.finance’s (YFI) loudest bull, Blue Kirby, distances himself from the Ethereum protocol
Random:
If you are not yet convinced that you should NOT be approving infinite tokens to some random smart contract/Dapp, here’s a story of how Jhon Doe lost $140K worth of UNI in their sleep.
— Alex Manuskin (@amanusk_) October 5, 2020
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