yEarn Finance是什么呢？到底为什么迅速占领了DeFi市场？原文作者：Ashwath Balakrishnan文章提供者：灵动云存储yEarn Finance如何可以或许迅速占领DeFi市场? 我们可以是通过了该项目首创人兼焦点开拓人员的安德烈·克罗涅(Andre Cronje)的一些想法和概念来相识这个最年青的DeFi独角兽将来有何光亮前景。灵动区块链云存储与Filecoin灵动区块链云存储是Filecoin的IPFS协议的IPFS技能 内容概述：1、yEarn Finance最初只是一个自动化DeFi收益东西，但厥后迅速成长壮大，推出更为一系列差异的DeFi产物;2、该协议最受接待的一款产物是「金库」(Vault)，支持自动执行活动性挖矿(liquidity mining)和收益耕耘(yield farming)计策;3、这些计策正在晋升gas效率，并在为小型的生意业务者提供了参加DeFi并赚取高额利润的机会。yEarn并非是没有风险，但公共好像没人在怕，就像是明知山有虎方向虎山行——简直，想要在风险中赢利，就需要有不入虎穴焉得虎子的勇气。得益于yEarn Finance，去了中心化金融行业是正在酝酿一场革命，让很多的中小散户投资者有时机参加最有利可图收益耕耘越发有(yield farming)时机。 低调起步 最近，yEarn Finance焦点开拓人员安德烈·克罗涅谈到了协议愿景和将来偏向，不外就在进入了正题之前，我们就想先回首着一下这个令人惊艳的DeFi项目。 建设yEarn Finance的初志其实很简朴，用安德烈·克罗涅的话说，就是在厌倦了在DeFi资金生意业务上的平台之间往返击工转移资金、寻找着最佳借贷利率，于是他开拓了第一款迭代产物，即即是首个自动化转移DeFi活动性资金的东西iEarn Finance。 据安德烈·克罗涅透露，iEarn Finance问世之之上的后的便在DeFi社区中广受好评，之后他又尽力了几个月时间，并在2020年7月举办了一些更新以支持更多用例，同时他也推出了管理代币YFI，该代币分派机制被认为是自降生以来最公正的。灵动区块链云存储与IPFSiEarn Finance最初只是一个收益聚合东西，但最终成长成了一个平台，该平台的主要成果包罗：1、支持自动活动性挖矿计策;2、处理惩罚简朴Aave贷款清算;3、提供高达1000倍杠杆率的不变币生意业务;4、以一种轻松的方法做空DAI并存储其锚定币(当该不变币生意业务价值在1美元之上时)。 之后，yEarn Finance又推出了免许可保险产物，而在安德烈·克罗涅看来，这个不只仅是个开始。 让收益耕耘更具海涵性 赚钱有一个很是简朴的法则：你拥有的越多，就能赚得越多——这个法则表明白为什么银行能节制着传统金融市场，以及是为什么巨鲸可以或许节制市场。 当前yEarn的旗舰的产物就是其自动化收益耕耘合约，也就是我们熟知的”金库”(Vault)，每一个的保管库城市答允用户存储特定代币，就在该协议会迫利用这些代币举办收益耕耘。对付那些熟悉去中心化金融行业的人来说，收益耕耘并不巨大，你是只需要在将代币存入协议上合约就能得到该协议的原生代币，之后就是可以把提取抵押品和新耕耘代币。 当您可以或许把生意业务用度等的本钱思量在内时，那些在没有太多资金的”耕耘农夫”的投资者的回报率就会在大幅下降。有阐明发明，由于以太坊高额用度，少于10000美元收益耕耘是险些完全在挥霍着时间——而这，恰恰在就是yEarn的但愿切入的处所，他们正是在通过了这些”小用户”找到了明晰的产物市场的契合度。 那些是没有太多的资金的小型投资者可以是将本身的代币存入yEarn，通过了汇聚资金的组建成一个「超等投资者」(super-investor)。假设有100位用户，每位用户的投资金额为1000美元，他们就是把这笔资金用于在投资yCRV金库，yEarn上的处理惩罚流程其实很是简朴：将代币存放在Curve的yPool活动性池中，然后在按期索取了已累积的CRV代币。 如果这100小我私家”别离动作”，意味着在他们需要的各自付出20美元的生意业务费才气够把代价1000美元的加密资产存入到Curve中，但就是在假如通过yEarn汇聚资金，那么他们存入代价10,000美元是加密了资产中用度只需收取一次，即即是20美元——也就是在说，gas本钱是从2000美元(20美元*100笔生意业务)淘汰到20美元，每个yCRV在金库投资者是实际上只是付出了2美分生意业务费(20美元/100人)。 上面只是一个涉及生意业务存款方的例子，凡是DeFi是生意业务进程包罗在去中心化生意业务的所存入、提取和出售所得的代币。就在此刻的阶段，生意业务者的生意业务总本钱根基上在30-90美元之间，详细取决于生意业务时的gas价值。 跟着yEarn的添加了新计策，锁定是在金库里资金在估量将会成倍增加，上图资料来历：Stats Finance。 连合中小投资者 通过抵押代币，yEarn的代价主张变得越发清晰，假如你回过甚再看，此刻把SNX代币放在Synthetix协议上显然十分乏味。对付那些没有抵押本身代币的SNX投资者而言，跟着该协议嘉奖通货膨胀率不绝上涨，他们持有代币的代价其实正在被稀释。 除了这些问题，每周在Synthetix上抵押代币嘉奖本钱根基上在30-40美元之间，假如抵押人没有在特按时间(好比某一周)领取嘉奖，那么抵押代币就会被”充公”，并且不会延续到下周。 为了可以或许办理这些痛点，安德烈·克罗涅正在为尽力的构建新金库计策来获取更多资产，好比SNX、KNC、AAVE和其他抵押代币有望在短期内被添加，小型的投资者是可以或许连合起来形成一个复杂的资金池，从而大大低落生意业务本钱。 这样做是直接功效也就是让更多中小投资者更为轻松地参加代币抵押并得到收益耕耘回报，DeFi的很高的收益福祉是将会包围到更多人身上，而不只仅是那些”巨鲸”。yEarn管理的将来yEarn在短期内的打算是完成去中心化链上产物yInsure的规格构建，在被问到是否对新产物有任何详细打算时，安德烈·克罗涅说道：“我认为我险些涵盖了所有去中心化金融内容，并且我其实并不是真正基于愿景来开拓产物，而是基于市场需求。假如有新的市场需求，我会去办理。” 在安德烈·克罗涅看来，yEarn平台管理的将来大概就是一个准确的市场需求。 固然是任何人都可以在Yearn.Finance上的陈设金库和计策，可是假如要分派用户资金，则必需将金库与特定计策毗连——这种毗连就是通过被称为”节制者”的中心化智能合约来实现的。但在八月初，有人发明Yearn.Finance节制者的地点其实就是安德烈·克罗涅的小我私家地点，这也给协议管理带来了庞大风险(好比打点员密钥丢失或是遭到第三方进攻)。 为此办理了这样的问题，安德烈·克罗涅已经公布将协议资金授权给6-of-9多重签名机制钱包来打点，同时社区也在敦促将节制权转移到由YFI代币支持的去中心化自治组织(DAO)中，代币持有人对协议提案举办投票，假如通过则执行相关提案。 今朝已知的签名者有七个，别离是：@CurveFinance@Daryllautk@bantg@ kaplansky1@ devops199fan@Cooopahtroopa@ cjliu49(碳链代价注：打点YFI密钥的多重签名者中不包罗协议原始建设者安德烈·克罗涅。) 不外，，按照最近核准的一项提案显示，多重签名者将至少会在接下来的六个月时间里节制协议资金，并且这只是确保yEarn管理在早期阶段运行顺利的一种姑且法子——率直说，该协议到今朝为止仍然没有详细的管理打算。 此刻摆在社区眼前的有两个选择：1、销毁所有打点员权限并使yEarn 100%不行变;2、回收协议迭代方法，代币持有者通过链上管理来打点、节制大大都决定。 对付第一种选择来说，销毁所有打点员权限简直可以最洪流平地分手权力，但同时也会阻碍yEarn进级效率和产物调解本领;而对付第二种选择来说，链上管剖析使yEarn很容易被”巨鲸”节制，尤其是在当前YFI代币畅通量较低的景象下，但这种选择可以敦促协议快速创新。 安德烈·克罗涅认可需要衡量上述两个方案中，而这也是敦促协议前进的要害。yEarn的最大风险点到底是什么?谜底：安德烈·克罗涅本尊 没有任何一个金融产物是百分比安详的，更没有任何一个智能合约是坚不行摧的，DeFi也不破例——虽然，包罗了yEarn的。 简朴公正地去说，自从yEarn协议的降生以来，社区已经遍及披露了很多问题，好比代码妨碍、导致裂痕的逻辑错误、以及其他一般智能合约缺陷等。但除了这些技能风险之外，yEarn Finance所面对的最大威胁就是社区内被遍及接头的”要害人物风险”(Key Man Risk)。 在此毫无疑问的是，安德烈·克罗涅就是yEarn魂灵，假如他因为某种原因抉择退出，那么整个DeFi市场大概会对yEarn失去信心，继而激发价值崩盘。在实际之上的问题，此前就有媒体曝出安德烈·克罗涅萌生了分开项目标想法，导致YFI代币价值在短短两个小时内暴跌36%。灵动区块链云存储提供资料DeFi焦点：人工钱我，我为人人 假如想要”战胜”中心化金融(CeFi)，DeFi行业就必需要拟定出一套非托管和免许可的财政尺度，将来答允任何人都能轻松会见任何金融处事。但要实现这个方针，必需有更多开拓人员、用户和投资者进入这一规模，要之为而格斗中。就在今朝而言的话，DeFi行业主要摩擦点包罗：1、进入DeFi市场的门槛约莫在1万美元阁下，不然以太坊昂贵的生意业务费大概会让投资者无法赢利2、很多中心化生意业务所已经上线大量主流DeFi币，并且会见本钱很低;3、没有步伐直接与以太坊互动来提供活动性并举办收益耕耘。 假如DeFi但愿迎合公共，就必需低落入场门槛——毫无疑问，yEarn是迈向这个优美将来的一步，它建设了一些东西，答允浩瀚中小投资者也能入场享受高额回报，这种特权不再是持有数百万美元加密对冲基金的专属，所有人(岂论口袋里有几多钱)都能试水DeFi。 固然”巨鲸”手握大量成本，并且赚钱也比”小鱼”多得多，但每小我私家都应该平等拥有赢利时机，这种时机不能被”巨鲸”独享——而这，就是yEarn带给我们每小我私家的真正代价。文章提供由灵动区块链云存储提供And what is yEarn Finance? Why, exactly, did you quickly take over the DeFi market?Originally written by Ashwath BalakrishnanArticle provider: Smart blockchain cloud storageHow could yEarn Finance move so quickly to capture DeFi? We can get a sense of what the future holds for the youngest DeFi unicorn through some ideas and insights from Andre Cronje, the project’s founder and core developer.Smart blockchain cloud storage is theIPFS technology of Filecoin IPFS protocolContent Overview:Gone Finance started out as an automated DeFi revenue tool, but gone so far that it launched a more diverse range of DeFi products.2. One of the agreement’s most popular products is Vault, which provides automated liquidity mining and yield Farming strategies;3. These strategies are improving GAS efficiency and providing opportunities for small traders to participate in DeFi and earn high profits.Gone forever is not risk-free, but no one seems afraid, like knowing that the tigers are gone — and indeed, to benefit from the risk requires the courage to risk nothing. Thanks to yEarn Finance, a revolution is brewing in the centralised financial sector, offering many small and medium-sized retail investors the chance to participate in yield Farming, the most lucrative.Low-key startRecently, yEarn Finance’s core developer Andre Kronie talked about the vision and future direction of the deal, but before we get down to it, we wanted to take a look back at the amazing DeFi project.Tired of manually moving money back and forth between platforms on DeFi trading, searching for the best lending rate, and helping launch the first iteration, even the first automated transfer of DeFi’s liquid funds, iEarn Finance, Andre Kronie says.According to Andre crowe, nie, iEarn Finance available after the above was widely acclaimed in the DeFi community, after he tried a few months time, and some updates in July 2020 to support more use cases, and he also introduced a governance tokens YFI, the scrip allocation mechanism is considered to be the most fair since the currency was born.IEarn Finance started out as a revenue aggregation tool, but eventually grew into a platform whose main features include:1. Support automatic flow mining strategy;2. Handle simple Aave loan settlement;3. Stable currency trading with a leverage ratio of up to 1000 times;4. Short DAI in an easy way and store its anchor currency (when the stability currency trades above $1).Since then, yEarn Finance has launched a permit-free insurance product, and Andre Kronie sees that as more than just the start.Make income farming more inclusiveMaking money has a very simple rule: the more you have, the more you can make — which explains why Banks control traditional financial markets, and why giant whales control cryptocurrency markets.And the current flagship product of Forever will be its automated revenue exchange, known as Vault, where each repository will allow users to store certain tokens, forcing the use of those tokens for yield cultivation. For those familiar with the decentralized financial industry, income farming is not complicated. You only need to contract on the deposit of tokens to get the original tokens of the agreement, followed by the withdrawal of collateral and the new cultivation of tokens.When you take into account the costs of Ethereum, such as transaction fees, returns for investors in “tilling farmers” who do not have much money are falling sharply. Some analysts find that, thanks to the high fees of Ethereum, farming for less than $10, 000 is almost entirely a waste of time-and precisely where the hope of forever has gone to help them find a clear market match.Small investors without too much money could yEarn to deposit their token money into a super-investor. Imagine 100 users with $1,000 each invested in the yCRV vault, and the trace’s process is simple: deposit tokens in Curve’s yPool liquidity pool and reclaim the accumulated CRV tokens on a regular basis.If these 100 people “action”, means that they need to pay $20 each transaction fee will be able to save $1000 worth of encryption assets in to the Curve, but is in if through yEarn funnel money, so they deposited in the value in the assets of $10000 is encrypted fees charged it only once, even $20 – that is, to say, gas cost from $2000 ($20) * 100 deal was reduced to $20, Each yCRV investor in the vault is actually paying a transaction fee of just 2 cents ($20 /100 per person).The above is just an example of a transaction depositor, typically DeFi is a token that the transaction process involves depositing, withdrawing, and selling proceeds from a decentralized transaction. At this stage, the total cost of a trader’s trade is generally between $30 and $90, depending on the gas price at the time of the trade.As yEarn adds a new strategy, the lockdown of money in the vaults is expected to multiply. Stats Finance.Unite small and Medium investorsThe value claim of forever has become clearer through collateral scrip, and if you look back, SNX scrip on the Synthetix protocol is clearly boring. For SNX investors who did not pledge their own scrip, the value of their holdings was actually being diluted as the agreement rewarded rising inflation.In addition to these issues, the weekly cost of the mortgage token on Synthetix is generally between $30 and $40, and if the mortgagor does not receive the reward at a certain time (such as a week), the mortgage token is “seized” and does not extend to the following week.To address these pain points, Mr. Kronie is working on a strategy to build new vaults to acquire more assets, such as SNX, KNC, AAVE and other mortgage tokens that are expected to be added in the near future. Small investors will be able to band together to form a large pool of capital, greatly reducing transaction costs.This is a direct result of making it easier for more small and medium investors to participate in scrip collateral and earn returns. DeFi’s high return benefits are that it will reach more people than just the whales.And forever will govern the futureAnd forever has short-term plans to complete the specification of yInsure, the product on the decentralized chain. Asked if it has any specific plans for the new product, Andre Crogne says:”I think I cover almost everything about decentralized finance, and I don’t really build products based on vision, but on market demand. If there is a new market demand, I will solve it.”For Andre Kronie, the future of yEarn’s platform could be precisely that.While anyone can deploy vaults and strategies on Whitehouse.finance, to distribute user money, the vaults must be connected to a specific strategy — through centralized smart contracts known as “controllers.” But in early August it was discovered that the possessor of Yearn Finance was in fact Andre Kronie’s personal address, bringing huge risks to protocol governance (such as the loss of administrator keys or attacks by third parties).To solve such problems, Andre crowe’s has announced a deal money authorized to 6-9 purse to manage multiple signature mechanism, also in promoting community transfers control to the decentralized autonomous organization supported by the YFI tokens (DAO), the scrip holders vote for the proposed agreement, if through the relevant proposals.At present, there are seven known signers, which are:@CurveFinance@Daryllautk@bantg@ kaplansky1@ devops199fan@Cooopahtroopa@ cjliu49(Carbon chain value Note: Andre Kroney, the original creator of the protocol, was not among the multiple signers who managed the YFI key.)But according to a proposal recently approved, the multiple signers will control the funds for at least the next six months, and this is just a temporary measure to ensure that the return of the people will run smoothly at an early stage — and frankly, the deal has no concrete governance plan so far.The community now has two options:1. Destroy all administrator privileges and immutable 100%;2. Adopt the iterative method of protocol, and token holders manage and control most decisions through chain governance.For the first option, destroying all administrator rights maximizes decentralization, but it also impedes the efficiency of forever updating and the ability to adjust products. As for the second option, it will help forever trace the trace of a human, especially given the current low flow of YFI scrip, but that could help drive rapid innovation.Mr. Kronie acknowledged that the two options need to be weighed, and that this is key to moving the agreement forward.What is the biggest risk of yEarn? Answer: Andre Cronin himselfNo financial product is percent-safe, and no intelligent contract is indestructible, and DeFi is no exception — and no human is immune.To be fair, since the birth of the yEarn agreement, the community has widely disclosed a number of problems, including code glitches, logic bugs that cause bugs, and other common smart contract flaws. But beyond these technological risks, the biggest threat to yEarn Finance is the much-discussed “Key Man Risk” within the community.There is no doubt that Andre Kronie is the heart of forever, and if for some reason he decides to walk away, the DeFi market may lose faith in forever, triggering a collapse in prices. On a more practical level, the price of YFI tokens dropped 36 percent in just two hours after it was revealed that Andrei Kroney had the idea to leave the project.DeFi Core: All for one, one for allIf CeFi is to be defeated, the DeFi industry will have to come up with a set of unmanaged and license-free financial standards that will allow anyone to easily access any financial service in the future. But for that to happen, more developers, users and investors will have to get into the game and fight for it.For now, the DeFi industry’s main points of friction include:1. The threshold to enter DeFi market is around $10,000, otherwise investors may be unable to make profits with Taifang’s expensive transaction fees2. Many central exchanges have launched a large number of mainstream DeFi COINS, and access costs are very low;3. There is no way to interact directly with Ethereum to provide liquidity and yield cultivation.If DeFi hope to cater to the public, we must reduce the entry threshold, there is no doubt that yEarn is a step towards the bright future and it created some tools that allow many medium and small investors can enjoy high returns on admission, the privilege is no longer hold hundreds of millions of dollars to encrypt the exclusive hedge funds, all the people (no matter how much pocket money) water DeFi can try.And while the whales have so much capital and so much more money than the minnow, everyone should have equal access to that opportunity, and that opportunity cannot be gone forever — and that is the real value that yEarn has brought to all of us.Article provided by smart block chain cloud storage

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