Yearn - TriCrypto
Description
The Yearn TriCrypto vault offers optimized liquidity provision for the TriCrypto pool on Curve, which consists of equal parts BTC, ETH and USDT.
Risk Level — 'A'
Narrative
The TriCrypto strategy can be viewed as a balanced yield-bearing portfolio built on top of one of the most trusted and battle-tested DeFi protocols.
Why Invest?
The strategy is a perfect fit for long-term and risk-averse investors looking for balanced BTC and ETH exposure.
What’s Inside?
User funds are converted into equal parts BTC, ETH and USDT which are then deposited into Yearn-optimized Curve TriCrypto LP.
By wrapping the Curve LP on Yearn, users bypass the need to manually claim the rewards. Yearn automatically harvests the yield and automatically reinvests it.
What Makes It Stand Out?
The vault involves top-tier DeFi protocols and crypto assets, as well as provides consistent yields and greatly simplifies the investment process.
Safety Scoring
| Simplicity - 4/5 | Longevity - 5/5 | Protocol safety - 5/5 | Overall score - 4.6/5 |
|---|---|---|---|
Strategy is relatively simple, and is easy to unwind.
| The strategy has been running for more than 9 months without any issues and major changes to the codebase. | Utilized protocol(s) have been audited by multiple firms, have an active bug bounty and had no exploits or hacks in the past. | Low risk |
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