Welcome to the 69th edition of the Yearn Newsletter. Our aim with this newsletter is to keep the Yearn and the wider crypto community informed of the latest news, including product launches, governance changes, and ecosystem updates. If you’re interested in learning more about Yearn, follow our official Twitter and Medium accounts.
yETH is Live
yETH IS LIVE! May the memes be many, and the yETH yield be yolked.
“But what if I don’t have yETH to stake to st-yETH?”
Well, if you don’t have sfrxETH, or swETH, or wstETH, or ETHx, or cbETH to Deposit and acquire yETH on the yeth.yearn.fi site…
…yETH is now available via @CowSwap !
Take your yETH to yeth.yearn.fi, go to Stake/Unstake, and stake your yETH to acquire st-yETH.
Remember, yETH does not earn liquid staking yield — only st-yETH does.
The APR isn’t Despicable — it’s the yield from last week. You can still be a minion-aire — just don’t forget to Vote! Voting starts this week.
Still on the fence? Well, maybe you should carefully get down from there. Each asset in yETH has its own asset composition safety band, and as a basket of 5 LST’s, yETH is a risk-adjusted token by design.
No truer words have ever been spoken by William Stakespeare. Sourced from Stakespeare’s masterpiece, Sonnet 18, “Shall I compare yETH to a Summers day?” written in iambic pentameter, it is an inspirational piece that has moved liquidity in ways never seen before. As you contemplate your yield, along with the rhyme scheme, ababcdcdefefgg, we encourage you to listen to the brilliance presented by the Rich Men of North Richmond as they sing a song that truly captures our generation’s plight in DeFi.
Source : Medium / Sep 25, 2023