Yearn Finance Activates Revenue Distribution for YFI Stakers
Yearn Finance Activates Revenue Distribution for YFI Stakers
馃挵 Revenue streams unlocked
Yearn Finance has begun distributing revenues to YFI token holders who stake their tokens. Users can stake through three methods:
- Direct veYFI staking - Lock YFI tokens to receive veYFI and earn rewards
- Liquid locker protocols - Stake through platforms like 1up, Cove, or StakeDAO
- Boosted vault deposits - Earn enhanced yields on vault deposits
How rewards work:
Every two weeks, veYFI holders vote to direct dYFI rewards to specific vaults. Your reward rate depends on your veYFI balance:
- Base rate: 10% of possible rewards (1x boost) with no veYFI
- Maximum: 100% of rewards (10x boost) with sufficient veYFI
Liquid lockers allow YFI holders to rent out their voting power to vault depositors. Depositors pay a small fee but receive significantly higher yields through borrowed boost power.
Rewards are paid in dYFI, which can be converted to YFI or sold on the market. Vault rewards auto-compound, while dYFI rewards require manual claiming through the liquid locker interface.
A boost calculator helps users determine optimal veYFI amounts for their deposits.
The revenues are flowing! Stake your YFI, veYFI, liquid locker YFI to get a piece. Read all about it in this post by @leche_whisperer
YIP-88 / stYFI update DAO-ops has now implemented and hardened the basic stYFI functionality: - stake your YFI, earn compounding USDC yield - migrate your veYFI lock - stake liquid locker tokens - exit your sdYFI, upYFI, coveYFI via the redemption facility Links below
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