The <a target="_blank" href="https://tokeninsight.com/en/coins/yearn-finance/overview">Yearn</a> community has approved 'Launch V3' proposal. Yearn V3 system will allow anyone to deploy the latest generation of yield-generating Vaults and Strategies without permission. Yearn V3 seeks to commoditize the functionality of Yearn Vaults and simplify the writing of Strategies.
In V3, both Vaults and Strategies are fully independent ERC4626-compatible Vaults. V3 Vaults can not only deploy capital to multiple Strategies but also accept funds from various Vaults. V3 Vaults act as debt managers, approving Strategies that can balance debt, with users paying fees for debt management.
By being compatible with 4626, the Strategies interface will immediately standardize with many protocols in DeFi, allowing any 4626-compliant protocol to connect to V3 Vaults without new strategy code or deployment, reducing Vault accounting complexity and gas fees.
V3 also introduces protocol fees, which will be set by Yearn Governance and calculated as a percentage of the total fees collected when any V3 Vault or Strategies report.
<img src="https://s2.tokeninsight.com/static/calendar/img20230831043031fa0de1f4-2b66-4384-b8d8-470edb5f2161.jpg">
Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a>
Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a>
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>

Yearn Community Approved the "Launch v3 Proposal"

TokenInsight

Other articles published on Aug 31, 2023

Judge Dismisses Uniswap Lawsuit; Describes ETH a Commodity

BingX BTCUSDT scored industry lowest Slippage after Advanced Perpetual Futures Upgrades

City University Ajman and Ajman Municipality Collaborate in Empowering Human Resources through We...

🔥opBNB — New Vote on Roobee DAO!

Swift and Chainlink Collaborate to Foster Interoperability for Tokenized Asset Markets

Circle CEO praises Avocado Multisig wallet despite collateral dropping

Join our free newsletter for daily crypto updates!