It Took YFI’s Ethereum Vault One Day to Garner $75m in Investment

Ethereum Vault on Yearn.Finance Garners Over $50 Million in First Day The Ethereum Vault on Yearn.Finance has seen extreme success just 24 hours after its launch. ETH is then distributed to holders of the Ethereum Vault token, yETH.

This is because YFI holders can obtain fees from users of the Ethereum Vault and ETH should see renewed demand as investors look to invest in this product. “The @iearnfinance yETH vault is an ETH stacking beast Gorilla How it works: Put ETH into yWETH vault ETH is put in @MakerDAOat 200% collat draw DAI put DAI into @CurveFinance to farm CRV recycle it all into ETH.

Timeline of Ethereum, Curve-dao-token, Dai, Multi-collateral-dai, Single-collateral-dai, Yearn-finance