Disclosure: Delphi Ventures and members of our team hold YFI.
In this report, we’re going to cover two of the most important, yet complex, projects in the DeFi sector – Yearn and Curve. While we started this report with a clear focus on Yearn, we soon realized that we couldn’t fully explain its story without incorporating analysis on Curve as well.
Providing detailed analysis and a digestible summary on all of these moving parts will certainly be a challenge, but we’ll start this report by explaining the building blocks of each protocol before combining them into more complex topics. This will serve as part 1 of our series on Yearn and Curve, with additional content, modeling and tooling coming in the future. With all of this in mind, let’s start by diving into the DeFi hydra that is Yearn.