yearn.finance Launches Yearn Vaults On Optimism

October 8, 2022 - Around 2 mins mins to read

DeFi yearn.finance (Yearn Finance) aggregator announced that it launched Yearn vaults on Optimism, which provides farming opportunities for some vaults such as DAI, WBTC, WETH, USDC and sUSD.

yearn.finance Launches Yearn Vaults On Optimism

yearn.finance states that building vaults on Optimism bring many overpowered opportunities for yield farming.

Building on @optimismFND brings many *overpowered* opportunities for yield farming.

OP ????OP.

Here’s what we’re excited about bringing to users and partners as we launch Yearn vaults on Optimism.

Low gas means better yield today, and a future proofed tomorrow. pic.twitter.com/g0JO0gJpuz
— yearn (@yearnfi) October 7, 2022

yearn believes that inexpensive gas will provide customers with a high yield on their assets while also allowing many of its partners to begin building on Optimism with the platform.

“Optimism provides great farming opportunities for some of our most popular vaults such as DAI, WBTC, WETH, USDC and sUSD,” the DeFi platform stated.

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.

yearn.finance is a yield farming platform with an intuitive interface. Yield farming is a process of staking cryptocurrency to earn interest as passive income.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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