​​Yearnfinance (YFI) Yearnfinance is a DeFi protocol on the E | Crypto Great | Bitcoin | DeFi

​​Yearnfinance (YFI)

Yearnfinance is a DeFi protocol on the Ethereum network that enables users to deposit assets and earn the highest possible yield. It does this by using an algorithm to automatically move its users’ assets to the highest-yielding opportunities on Ethereum.

To expand Yearnfinance’s money-making capabilities, the team is making a few improvements to Yearn Vaults. These vaults are the investment vehicles of Yearnfinancewhere users deposit their assets to take part in yield-farming opportunities. Yield farming means finding the highest yield for your assets.

Yearn rolled out its vaults to V2 earlier this week. The new vaults will streamline strategy development, improve security, enable vaults to carry out multiple strategies, test them on handling different types of risk and volatility, and make it easier and safer for other projects to integrate Yearn Vaults.

These V2 Vaults will lead to a new wave of money entering the Yearnfinance ecosystem to take advantage of their moneymaking opportunities.

And since YFI token holders are entitled to a share of the profits each vault generates – as well as a 2% management fee – more vault deposits equal higher profits for them. And this ultimately translates to higher YFI token prices.