Thread by @iearnfinance

Behold the power of yveCRV, Yearn’s most radical and advanced vault

It’s time to pull back the curtain on exactly how it works…

🧵👇

*But, wait... before that, what’s CRV?*

CRV is Curve.fi’s governance token. You can lock the token at Curve for up to 4 years and that gives you the ability to vote and claim protocol fees 🤑

*So why would I use Yearn to lock CRV?*

Simple: more rewards! 💰

*How?*

Yearn periodically donates some of the farmed CRV to the yveCRV vault. So in addition to normal CRV rewards, you will be able to claim Yearn’s portion of Curve’s protocol fees.

*Ok, what’s the catch?*

You can’t vote on Curve. But, Yearn runs a simulation and votes to maximize yield across all vaults. So automation is actually doing the job for you. 👀

*Rewards are better, how better?*

More than double. Yes, read again, more than 100%

And it gets even better… say hello to yvBOOST

This is the compounding version of yveCRV

*Simple words, please!*

If you lock CRV here, it will claim the protocol rewards and automatically buy more yveCRV. Compounding is powerful as your investment grows.

*Can I vote?*

No, as with yveCRV, you can’t vote but Yearn will do it automatically to maximize yield across all vaults.

*Can I claim protocol fees?*

You can’t, but no worries... the vault does it automatically for you. Deposit and enjoy sipping mojitos on the beach 🏝

*All good, but now I want to get stables or something I use to buy mojitos. How can I do that?*

Great question. You can swap yveCRV and yvBOOST on Sushiswap.

*My mind is… 🤯. There’s just one issue. I don’t have any CRV.*

Thanks to Yearn Zaps, you can deposit virtually any crypto in your wallet into these vaults. And Yearn’s smart contracts will automatically convert your tokens to yvBOOST

The power is real. All you have to do is seize it.

All built with 💙 by Yearn