Yearn - yvDAI

Description

Yearn offers tokenized investment strategies called vaults. It’s one of the most trusted and time-tested protocols in DeFi. Yearn allows users to get exposure to a variety of investment strategies with only a few clicks.

Risk Level — 'A'

Narrative

Yearn is the originator of DeFi vaults. Many protocols have been developed since, however Yearn vaults still hold their ground due to earned trust and proven track record of performance.

Why Invest?

Yearn’s DAI vault is a perfect fit for risk-averse investors looking to earn yield on their stablecoins. The strategy utilizes top-tier DeFi protocols, has been live for 2 years without any issues and has a proven track record of performance.

What’s Inside?

User funds are deposited into the Yearn DAI vault, which utilizes Compound and Maker DAO to farm DAI with leverage. The vault harvests accrued COMP tokens and reinvests them back into the strategy.

What Makes It Stand Out?

Both Yearn itself and the utilized protocols are the pillars of DeFi in terms of security, trust and Lindy effect. The DAI vault has been functioning for over two years at this point and has consistently attracted relatively large amounts of funds.

The vault offers solid risk-adjusted yields for risk-averse DAI holders.

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