DeFi made simple.
yearn.finance is a group of protocols running on the Ethereum blockchain that allow users to optimize their earnings on crypto assets through lending and trading services. One of a number of emerging decentralized finance (DeFi) projects, yearn.finance provides its services using only code, removing the need for a financial intermediary like a bank or custodian. To do this, it has built a system of automated incentives around its YFI cryptocurrency.
Many contend that DAOs have failed to deliver on their promises, but developers are coming up with novel solutions.
From offering quality trade predictions to identifying real-time threats to gauging market sentiment instantaneously, here’s how AI is reshaping the future of finance.
The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem, with several lending protocols rushing to minimize their exposure.