Yfi vaults3/19/2023 ![]() As the system AUM and usage grows, so does the fees, and respectively the rewards pool. ![]() It is the choice of the YFI holder when they wish to redeem. So if there is 1 aDAI in the contract, and 1 token, burning the 1 token will reward 1 aDAI. The amount redeemed is equivalent to the share being burned / total supply of the token. The vault contract normalizes the rewards to aDAI (Aave’s wrapped interest-bearing DAI) via 1split.eth (1inch.exchange’s on-chain dex) and sends the funds to the rewards contract.Ġxcc9EFea3ac5Df6AD6A656235Ef955fBfEF65B862Īt any given point in time, YFI holders can claim their share of rewards by burning their YFI tokens. So far as far as I can tell my returns are 0. At the time of writing, the price of YFI is 32,762 while that of bitcoin is 32,784. I’ve had some yfi in yearn v2 vault for 2 weeks now I think. In fact, at the end of August 2020, the YFI token surpassed the all time high of BTC and nearly doubled that milestone reaching 39,238. This debt-based strategy opens a Maker Vault, locks up YFI, draws DAI and earns yield by depositing into Yearn DAI Vault. Once claimed they are distributed to the vault contract. This strategy lends the YFI on various lending platforms such as CREAM, AAVE or ALPHA HOMORA to gain yield. These fees will be collected on a daily/weekly basis and can be requested by the governance contract. These include, but are not limited to yearn.finance interest, COMP from compound, CRV from curve.fi, curve.fi/y trading fees, ytrade.finance leverage fees and liquidation bonuses, yswap.exchange underlying system fees, yliquidate.finance liquidation bonuses, system dust (unassigned interest or fees). The yearn.finance ecosystem earns rewards.
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