Yearn Finance Initiated V3 Proposal To Provide More Secure And Reliable Infrastructure
The revenue aggregator DeFi Yearn Finance community initiated the YIP proposal to launch Yearn V3, intending to establish a complete V3 system, allowing anyone to deploy treasury and V3 strategies without needing a V3 strategy to ask for permission. The proposal states that the core goal of V3 development is to provide a major upgrade to V2. The final state of V3 should be a fully decentralized protocol that provides a more secure and reliable infrastructure for on-chain capital allocation.
Regarding the basic structure of V3, budget and strategy are entirely independent, Vault is compatible with ERC 4626 in V3. The relationship between V3 vaults and their strategy has completely changed and is now completely separate. This means that vaults can not only deploy funds to multiple strategies, but strategies can also accept funds from various vaults (as well as non-vault sources such as direct deposits from users). By complying with 4626, the strategy interface is instantly standardized with multiple protocols in DeFi. This allows any 4626-compliant protocol to connect to the V3 library now, requiring no new implementation or policy code. This dramatically reduces the complexity of budget accounting and also reduces gas costs.
Source
https://t.me/Bitcoin_Crypto_Coin_Calendar
