1/ 📢 Announcing Yearn Partners!
If we hold 1 value above all others, it’s decentralization. It’s building a new global financial system that benefits all.
We know we can’t build it alone.
So today, we’re excited to announce Yearn Partners 🧵👇
If we hold 1 value above all others, it’s decentralization. It’s building a new global financial system that benefits all.
We know we can’t build it alone.
So today, we’re excited to announce Yearn Partners 🧵👇
2/ TLDR: Yearn Partners aims to make Yearn vaults accessible from virtually anywhere. Any protocol that integrates Yearn vaults can earn up to a 50% profit share from their contributed TVL.
Think of it like a white-label solution for yVaults.
Think of it like a white-label solution for yVaults.
3/ Example of how it will work:
Step 1: You deploy “Wrapper Token” contracts that wrap the regular yVault token for each vault.
Step 2: Your users receive this Wrapper Token rather than our standard yVault token when they deposit. 🎁
Step 1: You deploy “Wrapper Token” contracts that wrap the regular yVault token for each vault.
Step 2: Your users receive this Wrapper Token rather than our standard yVault token when they deposit. 🎁
4/ Step 3: Your users can then deposit/withdraw to yVaults from your interface.
There’s no need to send them anywhere else or charge extra fees on top when you send your users to Yearn! 🚀
There’s no need to send them anywhere else or charge extra fees on top when you send your users to Yearn! 🚀
5/ Step 4: The wrapper allows us to easily verify your contributed TVL, and use that to give you a share of net revenue of up to 50%.
Step 5: Yearn Partners will collect payments on a monthly basis.
It’s a system designed to align incentives between Yearn and Partner. 🤝
Step 5: Yearn Partners will collect payments on a monthly basis.
It’s a system designed to align incentives between Yearn and Partner. 🤝
6/ Important note: becoming a Yearn Partner doesn’t mean we’ll be reviewing your code.
Users who interact with Yearn products directly with our site rely on our codebase and the oversight of our developer team.
Users who interact with Yearn products directly with our site rely on our codebase and the oversight of our developer team.
7/ Users who deposit into Yearn through one of our Partners, rely on their codebase and team. 👫
8/ That’s important for end-users to know. Yearn does not take responsibility for any negative events that may occur as a result of interacting with a Partner’s interface to our products.
As always DYOR and exercise caution and judgement. ⛑
As always DYOR and exercise caution and judgement. ⛑
9/ We believe Yearn is much bigger than any one team or project, and we plan to show the world that with Yearn Partners. The bank of tomorrow won’t be headquartered in one country, in one city with one giant, gold-plated door that requires a retinal scan to enter.
10/ The bank of tomorrow will be right here: on the internet. It will have thousands of entrance points. And those entrances will be open to anyone.
11/ The Partnership program is being tested, audited, and we’ll commence a gradual release with selected Partners over the coming months. 🔜🔵
12/ If you are interested in partnering with us, we’d love to hear from you! 👏 Please reach out to us here: j3keenukwzq.typeform.com/to/uP7xOJUN
Let’s build the future of finance together. 🚀 🚀
Let’s build the future of finance together. 🚀 🚀
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