Yearn State of the Vaults #22
Week ending March 21, 2021
Written by @dudesahn, @ceazor, & @qosmonot
Overview
Welcome to the State of the Vaults — a weekly newsletter summarizing yVault-related updates as well as current APYs and boost levels. For complete vault strategy descriptions and the actions (strategies) these vaults are performing, please visit The Vaults at Yearn.
News 📢🐦
Yearn gets Zappy ⚡
Where we describe in depth the handy work of Zapper Finance and Yearn to build the ability to zap into many of the vaults from an assortment of single assets. This is particularly useful for Curve vaults that require users to enter Curve liquidity pools before entering the Yearn vaults.
This feature reduces the gas costs of entering a vault dramatically as it saves users from multiple contract approval fees and bulks the entire process as a single transaction. Depositing on Yearn has never been easier.
A dive into MakerDAO
The new YFI strategy has been announced (see below), thanks to banteg and @orbxball. It deposits YFI as collateral on MakerDAO to generate DAI, then deposits the minted DAI into the v2 DAI yVault.
Banteg charts the dollaridoos 📈
Despite launching in early 2021, total-value-locked (TVL) for v2 vaults has now surpassed TVL for v1 vaults. No ceiling in sight.
The rainbow can be blue 🔵♥️🌈
Ceazor highlights how a great opportunity at Curve Finance is 2.5 times greater when both Curve and Yearn work together.
Vault Updates
This week, a new strategy has been activated for the v2 YFI vault.
✨ New Vault Strategy — v2 YFI yVault (yvYFI)
✨StrategyMakerYFIDAIDelegate
This strategy uses YFI to mint DAI at MakerDAO. This newly minted DAI is then deposited in to the v2 DAI yVault.
Useful Vault Links 🔗
- yVaults Holdings/Deposited/Withdrawn — Dune Analytics
- Recycler — zap multiple stablecoins into the yUSD Vault in one transaction
- Estimate future yVault ROI
- Calculate Governance and yVault APYs (and calculate current yUSD value)
- View current ROI, TVL, and strategies several ways: Yearn stats, stats.finance, feel-the-yearn, yearn.party, yVault-ROI
- Use the yearn.tools API to view APYs, contract info, as well as boost info for relevant yVaults
