We’ve created the first single deposit, up-only vaults on Optimism. We also created Velodrome LP vaults alongside our own new oracle technology for those vaults to be used as collateral. Lastly, we built and passed Aave and Sonne strategies through our security risk framework.Our pricing oracle produces reliable pricing for both stable and volatile Velodrome pools which can then be easily extended to include pricePerShare values for vault tokens, and also includes other features such as multi-day pessimistic lookback periods and adjustable upper/lower bounds to minimize the risk to protocols adding these pools as collateral. We’ve deployed on Base too. We’re locking veVELO and veAERO long term.We’ve also deployed Yearn Vaults V3 for testing on Optimism and Base.
Yearn was as high as 6th in Optimism TVL and currently 10th. TVL peaked at $31.48 million and is currently $16.23 million.We’ve distributed $OP for 23 weeks, and still have 552,865 $OP remaining. We’ve been able to reach ~$1 million in TVL for every $1,000 per week in $OP incentives.Yearn has been in the top 5 veVELO lockers for 13 weeks. On Base, we’re currently 9th in the veAERO leaderboard. We’ve created 23 LP vaults for Aerodrome on Base.We partnered with Ethos Reserve to build on top of our single deposit Yearn Vaults.We partnered with Coinbase on a campaign to show CB Wallet users how to use Yearn’s yvWETH vault on Optimism and earn rewards.QiDao, Alchemix, VMEX, Ethos Reserve, Overnight Finance, and Resonate have built Yearn Vaults into their products.
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