Let’s say a user wants to invest 500 DAI tokens. To better understand the platform’s mechanics, let’s illustrate an example. For particular whitelisted protocols, this service also offers zero-collateral loans. Collateral is a valuable asset pledged as security for the repayment of a loan. The service allows borrowing using the crypto as collateral. Iron Bank : This is a lending service for both users and the protocols. Further, the platform also helps users shift capital, auto-compounding, and rebalancing. The platform offers more than ten different strategies for every kind of user. The user can manage their holdings and choose the best strategies to maximize their yield. Vaults : These are like savings accounts for crypto assets. The smart contracts of this product ensure that users are obtaining the highest interest rates at all times. Users can deposit to these aggregators to earn interest. According to the whitepaper, the project provides three core products: Earn, Vaults, and Iron Bank.Įarn : This is a lending aggregator and shifts funds between different platforms. The platform eases users’ interaction with other DeFi projects and offers services such as swap and farm in one place. Running on Ethereum, the project’s primary purpose is to simplify yield farming for the masses. In other words, this platform is an automation tool that invests into the liquidity pools of various projects to deliver the best possible profits. Yearn Finance is a decentralized finance (DeFi) tool that aims to optimize yield to generate a higher return. Yield farming is a process of s taking cryptocurrency to earn interest as passive income.
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#Yfi in inr professional
Trading on margin increases the financial risks.īefore deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.įusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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