Based on Yearn’s share of the total veCRV, 50% of trading fees will be claimed as CRV, out of which 10% will in turn be locked into the Curve DAO for more veCRV. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.
- Each yVault is structured around a particular underlying token – there are vaults for Eth, USDC, WBTC and many others.
- As the Zap conversions occur on the way in and out, the user maintains price exposure to the yveCRV-DAO tokens whilst deposited in the vault.
- In addition, all Yearn vaults send 10% of earned CRV into this vault for additional boost.
- It does this in a gas efficient way for the user, so even small deposits can get decent returns over time.
The current price of Yearn Compounding veCRV yVault (YVBOOST) is approximately $1.09, reflecting a decrease of −7.65% in the last 24 hours. The YVBOOST trading volume in the last 24 hours stands at $1,770.31. Yearn Finance is a suite of products in Decentralized Finance (DeFi) that is designed to generate yield on smart contract platforms like Ethereum. The protocol is maintained by various independent developers and is governed by YFI holders. Reward amounts will be determined based on the type and relevance of the information provided.
Every week, these rewards can be claimed as 3Crv (Curve’s 3pool LP token). We attempted to answer the question of whether there was an impact on the usage of the yveCRV vault from the introduction of the yvBoost vault – a more improved & automated version of yveCRV. We saw that the usage of yveCRV had already dropped prior to the introduction of yvBoost, so there was no opportunity for yveCRV usage to fall much further.
We will examine what impact the launch of the yvBoost yVault had on the usage of the yveCRV yVault. They represent a user’s share of the yVault that they are participating in.
This is because Yearn and its users provide liquidity on Sushiswap to allow swapping of your yveCRV and yvBOOST tokens for ETH (or anything, really). The longer time period that CRV is locked for, the more veCRVs are received. The minimum locking period is 1 week and the maximum period is 4 years. Beyond staking, another major incentive for yvboost CRV is the ability to boost your rewards on provided liquidity. The fees generated for veCRV holders are collected in the form of 3CRV tokens (shares in the Curve tripool), which can be redeemed for stablecoins if desired.
Yearn users deposit their tokens into yVaults, and receive a token in return which is proportional to their share of the vault capital. A yVault is a smart contract with one ore more Strategies sitting behind it. The Strategies are the yield-farming recipes which are created by clever humans (Strategists) and monitored & managed by bots (Keepers).
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- Curve has optimised their swap code to make these swaps efficient from both a liquidity impact and fee perspected – see this post for a further exploration of Curve & stablecoin swaps.
- Every week, these rewards can be claimed as 3Crv (Curve’s 3pool LP token).
- CoinCodex tracks 42,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders.
- When a user deposits CRV into the vault, that CRV is locked on the curve.finance platform as veCRV and the user is returned a tokenized version of veCRV, yveCRV.
- Are you curious about the future of Yearn Compounding veCRV yVault?
- You can use this veCRV token to manually rebalance your votes to obtain a boost on your provided liquidity to the curve.finance platform.
It does this in a gas efficient way for the user, so even small deposits can get decent returns over time. Now you might be wondering how one would extract any gains made from your CRV tokens in the vault, when as mentioned earlier, any CRV deposited into either the yveCRV or the yvBOOST are locked. While you cannot withdraw from the yveCRV vault, you can actually swap both of these vault tokens on Sushiswap.
Market data Yearn Compounding veCRV yVault
The launch of yvBoost, however, generated an upswing of deposits to the yveCRV vault, as yveCRV-DAO tokens were required to deposit into the yvBoost vault. The relative pricing of yveCRV-DAO to CRV meant that minting fresh yveCRV-DAO tokens was the best way to enter yvBoost. Since the initial 6 week upswing of yvBoost, we have seen the growth of both vaults level out with yvBoost declining a little. The ROI calculations for the yveCRV vault is a little simpler – each week there is a deposit of 3CRV tokens into the vault which are the income stream generated from the locked CRV tokens. We take the value of the deposited 3CRV tokens over the value of the CRV tokens in the vault over each 7 day period and annualise it to get the vault ROI.
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Fee distribution for veCRV holders happens weekly and users need to collect these manually and pay the gas cost for the transactions. You can use this veCRV token to manually rebalance your votes to obtain a boost on your provided liquidity to the curve.finance platform. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 962 exchanges. Now the veCRV-DAO yVault (also known as the yveCRV Vault) is a little different to the others.
Vault Return on Investment
The CRV token has voting rights in the Curve DAO which makes decisions on the Curve protocol – things like fees, LP rewards, swap parameters and pools launched. In some Curve pools, liquidity providers receive CRV tokens to incentivise liquidity in the pools. To encourage users to stay as CRV hodlers, there is a facility to lock CRV tokens into the CRV DAO for a fixed period of up to 4 years.
This is an overview of how Yearn investment strategies take advantage of CRV vote locking on Curve Finance in order to increase yield. The graph below shows the same data as above, but looks at the net token growth over time rather than the TVL of each vault. Here we see more clearly the impact of yvBoost on the growth of yveCRV. YveCRV grew steadily from Jan-Mar 2021, then growth dropped to almost zero for a month or so.
Earning Trading fees
Are you curious about the future of Yearn Compounding veCRV yVault? Our technical analysis brings you the latest Yearn Compounding veCRV yVault price prediction for 2025 and beyond. We explore market trends and analyze sentiment to help you make informed decisions about your cryptocurrency investments. Yearn Compounding veCRV yVault (YVBOOST) is currently ranked as the #5887 cryptocurrency by market cap.
About Yearn Compounding veCRV yVault
Now we can see the underlying usage of the vaults independent of the USD price volatility. We saw rapid growth of the yveCRV vault to March 2021, then it levelled off considerably. The launch of yvBoost in April saw rapid takeup of this vault, with the TVL approaching that of the yveCRV vault within 6-7 weeks. This growth in yveCRV was driven by the yvBoost growth because yvBoost requires yveCRV-DAO tokens to deposit. These are obtained either by depositing CRV into yveCRV and minting new tokens, or by purchasing them on the secondary market. The yvBoost vault makes the choice based on what is best value at the time – we will examine the relative pricing a bit later.