Yearn.Finance - an ecosystem that consists of a profit-switching lender to optimize lending profitability for stable coin transactions, no capital automatic liquidations, a one-way automated market maker. The ecosystem is controlled by the YFI token.
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Description of Yearn.Finance
Yearn.Finance's goal is to create stable, leveraged coin deals. You earn extra interest on your profitable tokens and traders can create leveraged positions. The company supports:
- DAI;
- USDC;
- USDT;
- TUSD.
Users can contribute an output token when you provide liquidity for a project. Moreover, they receive a percentage from traders, creating leveraged positions.
The system allows you to deposit one-way liquidity for AMM pools. This allows you to use your idle profit, making assets like LP.
System economics
The company recommends using Aave Assets as they allow you to earn interest on the asset itself, while the base AMM receives a commission. How it works:
| Magnification | The asset price will increase, you will receive all assets you have deposited. |
| Decrease | Asset price decreases, you will receive all deposited assets + aUSD (transfer token that supports all exchange protocols). |
Over the next few weeks, the company will be adding dashboards to monitor deposits, AUM, APY and profitability, so you can make more informed decisions. Any token, supported by this platform, can be a one-way liquidity provider. The system is designed to use efficiently the number of tokens for users with a small commission, which allows deposits and withdrawals for as little as $2.
Additional information
For more information, check out Twitter or the Twitter или в company's Telegram channel. The company's chat support will help to solve any of your problems, and you will also learn about the nearest updates, the terms of promotions and contests. Moreover, you can meet other users, who can tell you about the nuances and tricks of the project