Yearn.finance’s $140M yETH vault proves investors are ravenous for DeFi By Cointelegraph

Yearn.finance’s $140M yETH vault proves investors are ravenous for DeFi


Yearn.finance’s $140M yETH vault proves investors are ravenous for DeFi

Yearn.finance, an automated DeFi yield-farming protocol, has recently launched the latest yvault strategy, yETH. yVault strategies are a set of predefined actions that allow users to deposit funds and have them automatically sent to liquidity pools where high-yield interest and additional token rewards are earned.

The yETH vault was launched on September 2, along with the yWETH vault and a few other updates. The yWETH vault is equivalent to the yETH vault but uses wrapped ETH, an ERC-20 token pegged and backed by ETH.

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