What is yearn platform (What is yearn.finance)
Yearn is a platform built on Ethereum that functions as an automated market mak
Yearn is a platform built on Ethereum that functions as an automated market maker (AMM). Through Yearn’s smart contracts, it provides decentralized trading services for users. The platform allows anyone to create and manage their own cryptocurrency wallet as well as a variety of token portfolios. It also has the capability to adjust, rebalance, and increase liquidity based on the balance sheet. Furthermore, Yearn operates as a decentralized, open protocol. Currently, YFI has become one of the popular projects in the DeFi field.
What is yearn.finance
yearn.finance is a DeFi project based on Ethereum that automatically deposits assets into smart contracts through contracts. Users can earn YFI rewards by collateralizing their held assets. The platform supports using YFI as collateral to earn interest in various protocols without providing liquidity to anyone.yearn.finance also offers various types of portfolio strategies, including investing in the YearnFinance protocol and products, which can be used for hedging and risk management. According to the official introduction, yearn.finance’s fund pool provides users with an opportunity to participate in governance and allows them to create their own investment strategies on the platform. Additionally, there is a strategy that allows for inter-exchange among multiple platforms.
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