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Tuesday

22 June 2021

Yearn.Finance in Miami: Developer talks new vaults, products, and verticals

Yearn.Finance in Miami: Developer talks new vaults, products, and verticals


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Flanked on all sides by clueless Bitcoiners, pseudonymous Yearn Finance vault security specialist "Doggy B" chatted with Cointelegraph about the future of the yield vault protocol — the anoles scurrying by our feet just as oblivious to the alpha being leaked as the maxis chatting about Tony Hawk and Floyd Mayweather. .

“A lot of the strategists have been playing with sidechains, re-deploying vaults on sidechains,” Doggy told Cointelegraph.

The current working model is using liquidity from two vaults — say, ETH and WBTC — and combining them to create a DEX pool position as part of the underlying vault strategies, he said.

Aside from expanding the functionality of the vaults, Yearn joins multiple other teams in exploring new verticals and products.

There is something to be said if it makes sense to have, you can kind of go for it — we just haven’t found many things where it makes sense to have one, aside from printing more money.”.

After the dissolution of a merger with insurance/coverage protocol Cover, Yearn has been in need of an insurance solution — along with the rest of the market

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