Yvboost

Yearn Finance is a suite of products in Decentralized Finance that is designed to generate yield on smart contract platforms like Ethereum. The protocol is maintained by various independent developers and is governed by YFI holders. I have deposited yveCRV with the first «Deposit» button. The balance appeared below so I had used the second «Deposit» button. Now it shows I have deposited into the yvBOOST – ETH vault, so far so good.

Second hypothesis is that https://coinbreakingnews.info/ing behavior has halted in the recent months due to an increase in ETH prices. When you’re ready to exit the pool, simply zap back into your desired token. After gas fees, you’ll get back what you put in plus any accrued yield. Finally, the yveCRV that is redeemed when burning yvBOOST shares is airdropped back to the vault, increasing the price per share and APR for all yvBOOST holders.

Supplies yDAI+yUSDC+yUSDT+yBUSD to Convex Finance to earn CRV and CVX. Rewards are harvested, sold for more yDAI+yUSDC+yUSDT+yBUSD, and deposited back into the vault. Supplies BUSD3CRV-f to Convex Finance to earn CRV and CVX. Rewards are harvested, sold for more BUSD3CRV-f, and deposited back into the vault. Supplies bBTC/sbtcCrv to Convex Finance to earn CRV and CVX. Rewards are harvested, sold for more bBTC/sbtcCrv, and deposited back into the vault.

java developer average salary in amsterdam 2022 the complete guide software development funds or migrate your balance to the v2 Curve SAAVE Pool yVault to continue earning yield. Withdraw funds or migrate your balance to the v2 Curve renBTC Pool yVault to continue earning yield. Withdraw funds or migrate your balance to the v2 Curve sBTC Pool yVault to continue earning yield. Withdraw funds or migrate your balance to the v2 Curve Y Pool yVault to continue earning yield. Withdraw funds or migrate your balance to the v2 Curve UST Pool yVault to continue earning yield.

The collective voting power of the veCRV tokens is optimized and rebalanced automatically to maximize rewards in all of Yearn’s Curve Pool vaults. As 33 of Yearns Curve LP vaults are utilizing strategies that involve depositing capital into Convex. In fact, Yearn is currently earning over 20% of the total CVX rewards that have been paid out. Like Yearn, it provides similar increases in capital efficiency, yield, and liquidity for LPs and CRV holders, with the added benefit of additional CVX rewards. The backscratcher also automatically compounds returns by reinvesting the trading fees earned from Curve back into the vault through either minting or buying more yveCRV. As the tokens in Curve pools are intended to have no or identical movements in price, the risk of impermanent loss is substantially decreased.

Welcome to The Vaults at Yearn, where you can find in-depth information about how Yearn’s yVaults operate and the actions these vaults perform. This article will maintain a one-stop location for all yVault descriptions. All version 1 yVaults have been deprecated, and any in production are now on version 2.

Yearn Finance (YFI) Climbs 16% Despite Crypto Bloodbath Elsewhere

OBTC/sbtcCRV tokens are staked in the gauge on Curve to earn CRV and BOR. Rewards are swapped for one of the underlying assets and resupplied to the liquidity pool to obtain more oBTC/sbtcCRV. This vault accepts yveCRV-DAO tokens, which grant you a continuous share of Curve’s trading fees (claimed weekly as 3Crv, Curve’s 3pool LP token). Rewards are harvested, swapped for more yveCRV-DAO (either via market-buy or mint, depending on which is most efficient at time of harvest), and deposited back into the vault. If you hold yveCRV tokens you will see claimable balance of 3crv increase weekly on yearn.finance yvecrv vault. If you hold yvBoost, the rewards get automatically converted to yvecrv and so the amount of yveCRV you can claim per yvBOOST increases over time.

Rewards are harvested, sold for more usdn3CRV, and deposited back into the vault. Supplies husd3CRV to Convex Finance to earn CRV and CVX. Rewards are harvested, sold for more husd3CRV, and deposited back into the vault. Earned tokens are harvested, sold for more tCrv which are deposited back into the strategy.

Rewards are swapped for one of the underlying assets and resupplied to the liquidity pool to obtain more yDAI+yUSDC+yUSDT+yBUSD. This vault accepts deposits of BUSD3CRV-f tokens obtained by supplying BUSD, DAI, USDC, USDT, to the liquidity pool on Curve here. BUSD3CRV-f tokens are staked in the gauge on Curve to earn CRV rewards. Rewards are swapped for one of the underlying assets and resupplied to the liquidity pool to obtain more BUSD3CRV-f. This vault accepts deposits of bBTC/sbtcCrv tokens obtained by supplying either BBTC, renBTC, wBTC or sBTC to the liquidity pool on Curve here. BBTC/sbtcCrv tokens are staked in the gauge on Curve to earn CRV rewards.

Curve LUSD Pool yVault (yvCurve-LUSD)

And a majority of that relies on Curve’s yield as its foundation. To my surprise, a total of 1000 USD was spent in fees claiming 0 USD in rewards – not very cost efficient indeed. In the graph below, I plotted the number of users vs number of transactions that has paid for fees despite claiming rewards that have no value . A peculiar incident I came across is that there has been transactions that are paying fees to claim zero rewards. I did not know that claming 0 rewards is possible but there has been 89 transactions doing so since the launch of yveCRV vault.

Deposits USDC to the DAI-USDC-USDT Stable Pool on Balancer.fi, BAL is harvested, sold for more USDC, and deposited back into the strategy. Stakes wETH at Lido.fi to mint stETH which accumulates ETH 2.0 staking rewards. This strategy will buy stETH off the market if its cheaper than staking.

All the 3CRV earned from the yveCRV vault is sold to CRV and deposited back into the vault, increasing yvBOOST’s balance of yveCRV. If you lock CRV here, it will claim the protocol rewards and automatically buy more yveCRV. But, Yearn runs a simulation and votes to maximize yield across all vaults. Vote locking, «Boosties», or «Vote boosting» is a Curve Finance feature where CRV is locked into the Curve DAO. Market capitalization of Yearn Compounding veCRV yVault is – and is ranked #N/A on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of YVBOOST tokens .

How to zap from CRV or yCRV to any of the 3 types of reward tokens

In the strategy descriptions below, vaults that are boosted are indicated with a ?. Yearn, itself, deposits 10% of all CRV earned into this vault and gives its 3crv rewards to vault token holders which is where the boosted weekly rewards come from. The amount of veCRV locked per yveCRV is also higher than one.

• Rewards are swapped for one of the underlying assets and resupplied to the liquidity pool to obtain more BUSD3CRV-f.
• Many Yearn vaults have strategies built on Curve pools and therefore use CRV token to optimize them by voting to direct reward allocations towards those pools.
• Rewards are swapped for WETH and resupplied to the liquidity pool to obtain more steCRV.
• For the yvBoost vault, this may have been due to withdrawals being higher than deposits, or it could be due to the USD value of yveCRV-DAO tokens dropping.
• Earned SCREAM is harvested, sold for more wFTM, and deposited back into the strategy.

Rewards are swapped for one of the underlying assets and resupplied to the liquidity pool to obtain more MIM-UST-f. This vault accepts deposits of EURN/EURT-f tokens obtained by supplying either EURN or EURT to the liquidity pool on Curve here. EURN/EURT-f tokens are staked in the gauge on Curve to earn CRV rewards.

Curve RSV Pool yVault (yvCurve-RSV)

We see that the first 2 months after yvBoost’s launch, we still see a high number of manual claiming before seeing a sharp decline in claims. The first metric we can look for is how many claims are still happening before and after yvBoost launched. In the graph below, blue represents period of time before yvBoost while green represents after yvBoost’s launch.

RenQ Finance (RENQ) shines in presale while metaverse tokens like MANA struggle

Rewards are swapped for one of the underlying assets and resupplied to the liquidity pool to obtain more bBTC/sbtcCrv. This vault accepts deposits of saCRV tokens obtained by supplying either DAI or sUSD to the liquidity pool on Curve here. SaCRV tokens are staked in the gauge on Curve to earn CRV rewards. Rewards are swapped for one of the underlying assets and resupplied to the liquidity pool to obtain more saCRV.