Yearn

Yearn v3 Vaults and Strategies are being built to be fully stand alone ERC 4626 compliant and offer composability improvements. Meanwhile, v2 Vaults continue to provide trusted yields and will launch on more chains and integrate with more protocols.

Last week, st-yETH holders enjoyed a 5.38% APR with a 22.1% incentive APR, but this week the APR dropped to 2.96%. This is due to the pending addition of yETH to the pool, which will boost next week's numbers. The APR of st-yETH fluctuates weekly but averages out over time for the best risk-adjusted LST yield. yETH is designed to reflect the true yield and mitigate slashing events. Visit the website to get exposure to a basket of LSTs through one governed token.

Starting today, the farms on yPRISMA will receive 3 more weeks of incentives. Users can now deposit yPRISMA to earn dYFI Rewards and continue to earn wstETH Rewards.

Yearn will be distributing ~$250k in rewards to yCRV and yPRISMA users in their exclusive yPrisma program starting Nov 9th at 3am UTC. yPRISMA is fully transferrable and shares yield and governance powers with users.

In a significant achievement, yETH has joined the 8 figure TVL (Total Value Locked) club. This milestone indicates a significant amount of value locked within the yETH protocol. The team is now focused on pushing forward and continuing their work.

Yearn community members who qualify for the PRISMA airdrop have the option to lock their airdrop to Yearn, minting yPRISMA 1:1. yPRISMA is transferrable and will soon have Curve liquidity. Stay tuned for more information and the claim webpage on Monday.

Yearn has announced that it will now be distributing OP rewards to selected vaults, including Velodrome's STG-USDC.e. This comes as part of a new proposal to Stargate Finance, where Yearn will provide weekly OP incentives scaled to TVL.

After a competitive campaign and the posting of nearly $50k in incentives, @mevdotio has been welcomed to yETH. The new weights for the constituent LSTs can be viewed below.

Yearn Finance is preparing to launch their v3 Vaults which offer continuous yield without the need to wait for harvests. These new Vaults will provide 24/7 yield, except for the riskier options. Yearn Finance has extensively tested the new Vaults, even utilizing them for their fantasy football prize pot.

Yearn community is excited about the upcoming launch of Yearn Spaces, the first ever event of its kind. In addition, the community is also in the process of setting up their clubhouse and Friendster profiles.