Yearn Finance yNewsletter #66
Welcome to the 66th edition of the Yearn Finance Newsletter. Our aim with this newsletter is to keep the Yearn and the wider crypto community informed of the latest news, including product launches, governance changes, and ecosystem updates. If you’re interested in learning more about Yearn Finance, follow our official Twitter and Medium accounts.
Summary
- Then you Yearn
- Shields Up
- Yearn’s 4,980% TVL increase on Optimism
- yAcademyDAO feat. Guest Speaker, Ali Atiia!
- yAuditDAO wants you to read their Audit Reports
- Yearn meets with Popcorn DAO, Pendle & unshETH, and Premia Finance
- Community and Ecosystem News
Then you Yearn
Remember your unrelenting zeal and the loneliness that came with it because it motivated us to seek out others and build an international community.
Remember the nay-sayers, the oppressors, and the critics, because, against all odds, our communities’ collaboration has yielded unquestionable vindication.
Remember the battles fought and what we fight for because we have leveraged that adversity to make us stronger, smarter, and better at everything we do.
Remember that you are not alone, Anon, for we all Yearn for a future of finance that won’t belong to anybody, but everybody.
Shields Up
In response to the SEC’s recent enforcement action, Coinbase called for “shields up” to demonstrate solidarity throughout the Crypto industry.
Coinbase posted the following video conveying its efforts to the unresponsive SEC:
- Brian Armstrong, Coinbase’s CEO, also emphasized the need for clear ground rules in America.
- Yearn stands with crypto. Shields Up.
Yearn’s 4,980% TVL increase on Optimism
Optimism sees a nearly 5,000% increase in TVL from Yearn Finance as Yearn’s TVL increases to $13.8M. As of June 9, Yearn is showing the greatest TVL growth on Optimism over the last 30 days.
- The rapid growth in TVL on Optimism is largely in part due to Yearn’s boosted OP Vaults. If you need instructions on participating in those sweet boosted yields, check out yNewsletter #65!
yAcademyDAO feat. guest speaker, Ali Atiia!
Catch this insightful video featuring the “mastermind” behind yAcademy, Ali Atiia! Listen in as Ali provides yAcademyDAO’s Block V cohort with insight and predictions on the direction of web3 auditing and shares skillsets to help future auditors prepare to be effective in this rapidly evolving space.
- Ali Atiia is a respected leader and pioneer in the web3 auditing space who directed the formation of yAcademy.
yAuditDAO wants you to read their Audit Reports
yAudit code reports can provide valuable details and information that other protocols and builders can utilize! Find references and examples of smart contract code and how it can be optimized. Learn how smart contracts are reviewed and evaluated. Gain insight into the high level of detail and quality that yAuditDAO’s reports provide participating protocols!
- Need a best-in-class Security Audit for your protocol? Submit an inquiry to yAuditDao here!
Yearn meets with Popcorn DAO, Pendle & unshETH, and Premia Finance
Corn is a full-time Yearn contributor overseeing Partner & Protocol Integrations and yAuditDao optimization. In addition to providing operational support (Yearn contributors typically serve multiple roles), Corn can often be found engaging other protocols on Twitter Spaces. This month’s highlights include Spaces hosted by Popcorn DAO, Pendle Finance & Unsheathe, and Premia Finance.
- Corn meets with Popcorn DAO to discuss how their protocol uses “Vault Craft” to build non-custodial yield automation on top of multiple protocols and vaults. Popcorn’s objective is to utilize yield-generating products and strategies to fund nonprofits and social impact organizations. Here’s a link to Popcorn DAO’s website to cfheck them out!
- Corn meets with Pendle Finance & unshETH to discuss Liquid Staking Derivitives. Is yPendle in our future? Check out the discounted assets offered on Pendle Finance! For even more staking yields and swaps for LSDs, take a look at unshETH’s offerings!
- Corn meets with Premia Finance to discuss their plans for utilizing Yearn’s V3 framework to support their options trading protocol. Check out Premia Finance’s website!
Community and Ecosystem News
Love for Yearn Finance goes beyond being the most callipygian protocol!
- The Sturdy Finance protocol experienced a hack totaling a loss of 442 ETH. Yearn’s Storm Blessed 0x directs users to the correct repo so you don’t fall prey to the same “reentry hack” utilized in the recent Sturdy Hack.
- As the LSD wars start to gain traction, the Swell Network has launched an incentive program for YFI holders!
- Adam Cochran’s positive take on yETH with DC Investor.
- Romy reminds us that Abracadabra offers leveraged trading using collateral from Yearn’s Curve 3Crypto Vault! If you need to get more familiar with leveraged trading, review this documentation from Abracadabra before you begin so you don’t get yourself liquidated!
We hope you’ve enjoyed reading June’s mid-month yNewsletter. Remember, you are Yearn, and all of us can contribute to help create the changes we want to see. If you want more information (or just want to say, Hi!), we hope you’ll visit us in our Yearn community Discord and Telegram channels!
