introduce YEARN FINANCE 3 — YFI3

2 min readOct 14, 2020

YFI3 is a community-owned DeFi infrastructure where its users determine what products they want and enjoy the yields.

What is YFI3?

YFI3.money is a yield aggregator for DeFi lending platforms that rebalances for highest yield during contract interaction which supports Compound, dYdX, Aave and DDEX protocols. When users put their money into the platform, it automatically transfers the assets into the protocol that has the highest yield, and returns a proof of stake called yToken. Users can send back yTokens at any time to withdraw their deposits along with the interest.

YFI3 belongs to the community. No pre-mining. No dev team rewards. YFI3 is the token for community governance and the key to farming yields of various DeFi platforms. It is used for revenue allocation and voting in the YFI3 DAO.

COMPONENTS YFI3

YFI3 GOVERNANCE TOKEN

The total supply of YFI3 is 40,000 tokens. YFI3 is the token for community governance and the key to farming yields of various DeFi platforms. It is used for revenue allocation and voting in the YFI3 DAO.

YFI3 POOLS

Pool 1: Curve yCRV: You’ll need yCRV to farm YFI3 from Pool 1

Pool 2: you need DAI in your wallet before farming. Stake assets in Maker to borrow DAI or go to your favourite exchange to buy DAI.

YFI3 VAULT

YFI3 Vault is a yield aggregator for farming pools that targets highest APR using a set of strategy contracts. Basically you deposit the token it supports and automatically get the yield that the strategy has farmed. Everyone is welcomed to write their own strategies and those with the highest votes from the community will be implemented.

ITOKENS

When a vault user deposit USDC/USDT/DAI/yCRV/ETH or other assets into the YFI3 Vault, iTokens of the corresponding currency will be generated and issued to this user. For instance, if you recharge the vault with USDC, you get iUSDC.

Buy tokens 1st Phase