​​Yearn finance (YFI) Yearn finance (YFI) is a DeFi protocol | Crypto Great | Bitcoin | DeFi

​​Yearn finance (YFI)

Yearn finance (YFI) is a DeFi protocol that allows users to benefit from yield farming strategies.

The protocol works to generate the highest possible yield for its users. Users simply deposit assets and Yearn’s algorithms move them to the highest-yielding opportunities.

But until now, high gas fees have plagued the protocol. But that’s about to change…

Yearn’s team believes that the future of the blockchain is in multi-chain compatibility. And early last month, Yearn finance announced it will integrate with Fantom’s secure, fast, and cost-effective blockchain for transactions. This new launch offers users a simple way to get exposure to new tokens by allowing them to borrow crypto using assets as collateral.

Yearn’s first five vaults are a way to use technology to help manage your holdings. Yearn’s technology helps maximize yields by shifting capital, auto-compounding, and rebalancing deposits automatically.

Yearn is also expanding its cross-chain capabilities by creating the YFI Combinator to help grow, expand, and nurture new projects that wish to join the Yearn Ecosystem.

Thanks to the YFI Combinator mission to bring Vaults to Polygon, last month Tesseract, a diversified financial services and investment management innovator in digital assets, teamed with Yearn to bring users the best Yearn strategies specifically designed for the Polygon network. Now, users can enjoy Yearn’s high yields without paying high gas fees.

Yearn Vaults on Tesseract will run on a separate website but with YFI Combinator support. Until January 1, Tesseract will be on a review period to consider officially merging directly into the Yearn Ecosystem.

While Yearn’s future looks bright, the protocol is currently setting new all time highs in TVL. Having recently eclipsed the $6 billion mark, the protocol seems poised for even more record growth ahead.