Join Delphi Research today and immediately get access to our full Member Portal!
Join Delphi Research today and immediately get access to our full Member Portal!
Back

Don’t Sleep on Yearn

Mar 22, 2021 · 4 min read

By Paul Burlage

A project that sits close to many Defi users’ hearts, Yearn Finance, has fallen out of favor in 2021. Driven primarily by the YFI minting saga, spill-over narratives from yEcosystem projects, and topped off with the v1 yDAI vault exploit, Yearn faced challenges rebuilding and galvanizing a community it was once touted for.

Yearn has lagged on a price-performance basis compared to other DeFi majors over Q4 2020 to Q1 2021; however, Yearn’s fundamentals have never been stronger. Behind the scenes, after months of building v2 vault core infrastructure, the Yearn team has shipped v2 Vault strategies – most recently, a YFI vault. Yearn’s TVL surpassed previous all-time highs and currently sits around $1.3 Billion. Looking at just v1 and v2 Vaults, Yearn’s TVL sits at $1.04 billion, $464M, which can be attributed to v2.  

With DeFi blue-chips somewhat underperforming as a whole this month, I would not sleep on projects that continue to ship and show strong fu

Upgrade your account to Delphi Institutional to unlock full access to this report!

Join Now