What is iearn? —— DeFi Popular Science Series by thomasromeo

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· @thomasromeo ·
$22.41
What is iearn? —— DeFi Popular Science Series
# What is iearn?
iearn is a financial platform that supports multiple DeFi protocols. It will automatically move positions between the protocols to help depositors get the highest financial income.

![image.png](https://cdn.steemitimages.com/DQmTeq6kcJxiPv1giD5JfTqMsqvASXaQUtvL2Pd4fiEot57/image.png)

# iearn What's the use?
The platform aggregates the Compound, dYdX, Aave, and DDEX protocols. When users deposit, the platform will automatically allocate funds to the protocol with the highest revenue. Then iEarn will give the user a proof of rights and interests called yToken, and the user can withdraw the original deposited token and the corresponding income through ytoken.

At the same time, iearn also cooperated with Curve to launch a stable currency exchange pool, y.curve.fi[1], where yToken holders can not only enjoy the original loan and financial management income. You can also deposit yToken into the exchange pool of y.curve.fi to become a stable currency market maker in the exchange pool and enjoy additional market-making income. Such a combination provides the highest stable currency wealth management income among all DeFi platforms.

At present, the iearn platform has supported financial management services for 6 stable currencies such as DAI, USDC, USDT, TUSD, sUSD, and BUSD.

![image.png](https://cdn.steemitimages.com/DQmfEG3TSgre4HGHoQT46uMFL4fcDmbixHn321X45wmgFRV/image.png)

# iearn Is it safe?
iearn has issued governance token YFI. iearn has participated in the smart contract insurance of Nexus Mutual [2]. iearn is still in the beta testing stage, and users who want to experience it need to be aware of risks.

# References
[1] y.curve.fi: https://y.curve.fi/
[2] Smart contract insurance: https://nexustracker.io
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vote details (43)
@mohammadfaisal ·
Hello dear @thomasromeo i hope you will be fine and good. I have seen your post after many days but your all the posts are full of good stuff which helps everyone. Good to see you again here. You are doing a great job.
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