Yearn Scavenger Hunt
A beginner introduction to yearn.finance
As you can see from above, the swap was done using Uniswap V2 which involved a complex swap from ETH > WETH > YFI. 20.28 USD worth of ETH was swapped for 20.32 worth of YFI, of which the difference can be attributed to slippage.
What is yearn?
Yearn is a collection of protocols that provide decentralized finance (DeFi) services in the form of lending aggregation, yield aggregation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders.
Yearn offers two main products; vaults and earn. Vaults are pools that automate yield generation by moving funds around while socializing gas costs. Earn on the other hand is a lending aggregator that shifts funds between dYdx, AAVE, and Compound as interest rate change between these protocols.