The voice of the Oracle is thunder, and it has spoken:
Let @chainlink and Yearn be as one
$LINK + $YFI
Our builders have answered…
Let @chainlink and Yearn be as one
$LINK + $YFI
Our builders have answered…
@chainlink We have long had a Yearn vault for crvLINK (and it has more than $56 million locked atm).
But today, we’ve opened the easiest of all Chainlink vaults: native $LINK.
But today, we’ve opened the easiest of all Chainlink vaults: native $LINK.
@chainlink No need to buy or zap into an alternate form of $LINK, simply deposit your idle $LINK and start earning yield on your tokens.
No withdrawal fees, no timelocks, no maintenance needed.
No withdrawal fees, no timelocks, no maintenance needed.
@chainlink The yield comes from three strategies that operate behind the scenes:
1) Lending $LINK on platforms like @creamdotfinance $CREAM and @aaveaave $AAVE.
2) Yield farming on @vesperfi $VSP.
3) Borrowing on @aaveaave.
1) Lending $LINK on platforms like @creamdotfinance $CREAM and @aaveaave $AAVE.
2) Yield farming on @vesperfi $VSP.
3) Borrowing on @aaveaave.
@chainlink @CreamdotFinance @AaveAave @VesperFi Strategy No. 3 is the most sophisticated. The vault borrows a stablecoin like $sUSD or $USDC, which it then deposits into another Yearn vault for additional yield. Rewards from vested $AAVE and the yVault are harvested, sold for more $LINK, and re-deposited into the vault.
@chainlink @CreamdotFinance @AaveAave @VesperFi It’s like a snowball growing bigger as it rolls down a snowy mountain.
The vault automatically chooses the optimal mix of strategies to make you the most money possible. Here’s the current breakdown...
The vault automatically chooses the optimal mix of strategies to make you the most money possible. Here’s the current breakdown...
@chainlink @CreamdotFinance @AaveAave @VesperFi Our standard fees on profits apply: a 2% management fee and a 20% performance fee.
If you don’t hold $LINK, you can deposit other tokens (specifically $ETH, $WBTC, $DAI, $USDC, or $USDT) and let us convert them for you.
If you don’t hold $LINK, you can deposit other tokens (specifically $ETH, $WBTC, $DAI, $USDC, or $USDT) and let us convert them for you.
@chainlink @CreamdotFinance @AaveAave @VesperFi We announce a lot of vaults, but few are as foundational and important as this one.
It aligns to our ethos of DeFi Made Simple.
It gives new utility for $LINK, adds buying pressure on the token and grows Yearn’s TVL.
It aligns to our ethos of DeFi Made Simple.
It gives new utility for $LINK, adds buying pressure on the token and grows Yearn’s TVL.
@chainlink @CreamdotFinance @AaveAave @VesperFi Ultimately, we believe vaults like this are pushing us toward a future where we never sell our tokens… but we hold for life. The chain grows stronger and the income will sustain us.
@chainlink @CreamdotFinance @AaveAave @VesperFi Welcome, Marines. Let us do the work so you don't have to.
The gates are open: yearn.finance/vaults/0x671a9…
What are you waiting for?
The gates are open: yearn.finance/vaults/0x671a9…
What are you waiting for?
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