The YETI index is tied to a basket of eight tokens of the Yearn ecosystem
The popularity of indices for DeFi tokens is growing
Yearn team reports third quarter earnings
International consortium of news organizations developing transparency standards.
A new financial instrument has appeared in the Yearn Finance ecosystem – an index linked to all project tokens
The PowerPool Meta-Management Protocol has released the Yearn Ecosystem Token Index (YETI). The new tool will allow investors to diversify their portfolio within the Yearn ecosystem. This is reported in the project blog.
The PowerPool Project released the first PowerIndex on November 30th. In nine days, the instrument attracted investments of almost $ 9 million.
YETI is a new index for the Yearn token ecosystem: YFI, SUSHI, CREAM, AKRO, COVER, K3PR, CVP and PICKLE. YFI accounts for 35% in it, SUSHI – 17%, and all other tokens – 8% each.
DeFi indices are gaining popularity
The YETI Index is the first tool in the market focused on tokens combined into one ecosystem. Most of the projects presented there, such as SUSHI, CREAM, COVER and PICKLE, have recently become part of Yearn Finance. PowerPool remained independent but partnered with Yearn.
The total supply is 1.68 million YETI. Trading on decentralized exchanges has not yet begun, but fake YETI tokens have already appeared on Uniswap.
Real $ YETI was spotted today here: https://t.co/k4nC9L3nRW
People say, that it is also dwells on Balancer: https://t.co/PdK9mSTDmi
The meta-governance approach applied to the @iearnfinance ecosystem https://t.co/MzmNydkW8m$CVP $ PIPT $ YFI #PowerIndex #MetaGov #PowerPool
– Power Pool (@powerpoolcvp) December 9, 2020
YETI holders will be able to vote on all proposals to manage the Yearn ecosystem using a single token As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More and interface. It will also be included in new pools and storage facilities within the ecosystem, and will allow profitable farmers to generate additional income..
DeFi serviceDecentralized finance (DeFi) is a blockchain-based financial service that offers users access to an open, efficient and … More Pulse has also launched its own index token called DPI, which consists of ten DeFi tokens and is now traded on level slightly above $ 100.
Quarterly report on Nailed Yearn
Yearn Finance recently released an unofficial financial report for the third quarter, according to which the protocol generated a net profit of $ 3.8 million between August 20 and October 20..
YEARN FINANCE And YFI Token Explained | DeFi, Ethereum
Yearn community members have created an informal quarterly report that you can view below. This report does not constitute financial advice, and has not been audited by a third-party professional accounting firm.https: //t.co/oLFCPzxC6s
– yearn.finance (@iearnfinance) December 9, 2020
The report also says that 65% of that amount, or $ 2.46 million, is paid to stakers involved in the management. Expenditures such as salaries, security and grants were just over $ 300,000. Gross profit for this period was $ 4.1 million, including proceeds from Uniswap UNI, which brought Yearn about $ 69,000..
Most of this income comes from a 0.3% withdrawal fee from yVaults, with yUSD becoming the most popular. The launch of yETH in September seemed successful as it attracted a lot of collateral, but the project fell apart. It had to be suspended due to risks. Today this storage receives less than 1%.
After the launch of vaults version 2.0, Yearn Finance will introduce a new fee structure.
All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..
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