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Yearn fiance

DeFi is in a tailspin.
Many tokens are down by at least 18%… ending the year on a sour note for investors
One project attempting to combat this is Yearn.Finance

They recently announced changes to their tokenomics that may turn it into a “black hole” for their own token…
A change that could lead the next phase of evolution within the entire defi industry.
Let’s break this down so we can make better sense of the proposal, and understand the scope of the opportunity.

This video, by the way, was not sponsored by Yearn and is not financial advice, so do your own research before you throw down your moneybags.
Add bot creation clip

What is Yearn.Finance?
Yearn is a DeFi protocol
The protocol was created by Andre Cronje in early 2020 before yield farming as a concept was plastered on every DeFi website’s banners.

The thing Cronje wanted to make was a way to automate the strategy he was using to find the highest earning lending pools

This led to Yearn.Finance building out functions for earning money.
The first is aptly called Earn… This is a yield aggregator that shifts between other protocols like Aave, Compound, and Curve.

Investors use Earn to deposit their stablecoins and let the algorithm do the work of “rebalancing” investments between the protocols, saving users the time it takes to hunt down the highest yield.

Schedule one-on-one business consulting with me here: https://max-maher.teachable.com/p/1hr-consultation-call

*I am not a financial advisor. This is not financial advice*

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