Home > NEWS > Yearn​.finance opens vault deployment access to all users

Yearn​.finance opens vault deployment access to all users

“All factory-deployed vaults have no management fees and a flat 10% performance fee,” the DeFi project wrote.

Yearn.Finance, a decentralized profit agreement, said in a post on January 9th that all customers can now build cumbersome unlicensed Vault factories on their platforms. The new version of Vault Factory works with the relatively stable currency swap platform Curve Finance and liquidity Service provider (LP) tokens and has a profit strategy with three prefabricated components.

A new unapproved vault factory allows everyone to deploy fully automated composite yVault for all curve pools that contain indicators for evaluating the liquidity of thematic activities. That's right, everyone. The electronic warehouse deployed in the factory is free of management fees and 10% fixed performance review expenses. Wow! "

According to Yearn.Finance, the first app, called "Boosted Factory", uses Yearn to host a balance of 45.1 million CRV accounts, offering consumers a maximum of 2.5 times the CRV reward. The second is the "convex factory", which gives more than a large amount of additional CRV LP tokens to the blockchain technology platform convex financial industry to receive CRV and CVX awards. In the end, the "convex FRAX factory" allows users to browse the rewards on a platform where FRAX shares a relatively stable optimization algorithm.

In most of these three strategies, all obtained tokens are picked up on time, sold with more bottom-marked Curve LP tokens, and then deposited into the game at a compound rate of return.

Yearn.Finance shows that the vault factory represents a big step forward in automation technology, enabling the company to reduce business costs. All electronic warehouses deployed with the new method will deduct 0% of the management fee and 10% of the performance fee. Previously, management fees and performance review fees were 2% and 20%, respectively. The cost of performance appraisal goes into the finance of Yearn and is calculated on the basis of profits. In addition, the storage fee for the new vault is also included in 0%, although the gas fee is still generated in interactive communication.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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