yearn.finance To Launch Permissionless Vault Factory With A Flat 10% Performance Fee
Key Points:
Vaults that are factory-deployed carry a fixed 10% performance fee and no management fees.
Starting on Tuesday, users can only create vaults for the Curve Finance liquidity tokens, a stablecoin exchange program. These vaults will employ veCRV, a Curve time-locked token that enables users to significantly increase their yield benefits.
The permissionless vaults are a component of a larger V3 strategy, which seeks to completely decentralize the user-facing services and products provided by Yearn in the future.
Users have only been able to access vaults made by the project developers and contributors thus far. Anyone can now develop their own strategies and market them on Yearn, where other interested users can deposit their own tokens and receive dividends, thanks to the advent of the permissionless vault factory.
According to data, over $100,000 in fees were earned on Curve in the last 24 hours and distributed to users and liquidity providers.
Over time, this might expand Yearn’s user base and draw additional liquidity to the well-liked DeFi application. When Yearn charges a fraction of the rewards as fees for its yield-aggregation service, it generates revenue based on customer liquidity.
Last October, yearn.finance announced that it launched opportunities for Yearn vaults on Optimism, which provides farming for some vaults such as DAI, WBTC, WETH, USDC, and sUSD. Furthermore, with strategies that farm on several DeFi mainstays like Aave, Velo, Uniswap, Curve, Stargate, and Ironbank – Optimism fans may now receive the same Yearn unbreakable risk management framework with increased earnings.
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