Yearn: dYFI/ETH Curve pool is now live.
BlockBeats news on October 23rd: According to official sources, DeFi yield aggregator Yearn Protocol's staking reward token dYFI has been listed on Curve with the dYFI/ETH trading pair. Users can stake Curve LP tokens in yVault, then transfer to the veYFI page and stake yVault tokens in Gauge to receive today's reward. The dYFI/ETH gauge received the most votes in the previous round and will receive a reward of 39.23%.
Earlier news stated that Yearn modified its token economics by adding a Vote Escrow mechanism. Stakeholders can lock their tokens for up to 4 years to convert them into non-transferable veYFI tokens in order to receive YFI rewards, which will be distributed in the form of dYFI and can be used to purchase YFI tokens at a discounted price.