In many ways, this was the first generation of what we now understand as yield farming. It made this subsection of crypto much more accessible to beginner users but also appealed to veterans due to its convenience. Instead of flipping between various DeFi sites, iEarn automatically allocated user funds to the platform with the highest returns. IEarn was perhaps the first attempt at aggregating yield. We’ll discuss these capabilities shortly. yEarn is iEarn rebranded by the same developer, Andre Cronje, and includes added capabilities. The only difference between the two is the name. The first signs of yEarn Finance came in February 2020 in the form of another project called iEarn Finance. Without further ado, let’s dig into DeFi’s original yield bouncer. Along the way, readers will also pick up essential knowledge about many other projects, some of which have been featured in previous Project Spotlight editions. The following guide will walk through what yEarn is, how it works, the YFI token, how it offers improvements for DeFi, and introduce readers to the project’s founder, Andre Cronje. The project has gained popularity due in part to this emerging utility, but also because of the meteoric price appreciation of its native governance token, YFI. In this way, yEarn resembles an amalgamation of the entire niche, which provides efficiency as well as pure innovation. It brings together many of the disparate tools, platforms, strategies, and tokens from throughout the ecosystem. YEarn Finance has quickly become one of the most popular DeFi protocols in 2020.
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