Introduction

Yearn's Curve Pool (yveCRV) helps users earn yield from locking Curve's governance token (CRV) without locking the rewards. The way Yearn achieves this is by rewarding users weekly with 3Crv tokens which are Curve Pool tokens withdrawable into stablecoins. Since ETH fees are sky high now, the Yearn strategists have implemented a new Vault, yvBOOST, where the 3Crv tokens are auto compounded back into the yveCRV Vault to further increase the yield. With this in mind, let's see how are the vaults doing.

yveCRV

The graph below shows the unique number of users claimed pre and post yvBOOST's launch. From the graph, it seems like yvBOOST have little to no effect on the number of users of the yveCRV vault, in the first couple of months. As time goes by, however, the numbers slowly dwindled down to a low 5 users per week from a previous high of at least 15 users per week. This shows that the influence of new Vaults may not be obvious for the first few months. Hypothetically, this may have been caused by the need for a vault to be time tested to show its efficiency in increasing yield, such that it may take a while for users to migrate.

The amount of 3Crv claimed per week was on a decline since March, before yvBOOST was even introduced. Despite that, we can see that the number of 3Crv claimed never went back to the previous highs. Combined with the graph before this, we can safely assume that yvBOOST had successfully encouraged users to deposit their yveCRV tokens into the yvBOOST vault.

Conclusion

Although it has taken a few months before the number of manual claimers decline, yvBOOST had successfully migrated the users from yveCRV to yvBOOST to enjoy automated yields.