What are the core products included in Yearn Finance like platform?

in #yearnfinanceclonescript • 3 years ago

Yearn Finance like platform yields a gateway into the DeFi protocol through its various products. This Platform presently has 5 major products, they are,

  • Vaults
  • Earn
  • Zap
  • Cover
  • APY

Vaults

Vaults are the cluster of investment methods developed to generate elevated returns from other DeFi projects. More users in Yearn Finance clone, the more profitable the earnings. Further, this pooling approach holds on transaction fees.

Earn

It recognizes the most raised interest rates users can earn by lending an asset. The tokens supported by Earn contain DAI, USDC, USDT, TUSD, sUSD, or wBTC.,

Zap

Zap illustrates the tool that bundles several trades in one click, saving on labor and costs.

Cover

Currently launched product of Yearn.Finance is Cover. Yearn obtains coverage for vaults and can deliver users a reduced-risk product. Yearn can concentrate on Vaults & lending, with yInsure (and yNFTs) taken over by Armor.

APY

APY stands for Annual Percentage Yield explores the lending protocols. And that Earn uses and provides the user an estimate for how much interest they can anticipate earning for a specific amount of capital.

Also, you can get your own DeFi protocol like Yearn Finance with Yearn Finance Clone script providers. They provide you with a complete solution for Yearn.Finance like platform along with inbuilt features and functionalities.

#yearnfinanceclone #defiplatform
3 years ago in #yearnfinanceclonescript by
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