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Yearn Finance says token standard ERC-4626 is now available
Hassan Maishera - Cryptowisser
2022-04-07 11:49
In a tweet on Tuesday, the Yearn Finance team announced that the Tokenized Vault Standard (ERC-4626) is now available. According to Yearn Finance, if developers build an app on top of one ERC-4626 vault, it will work for all other ERC-4626 tokens. It added that ERC-4626 would be the gold standard for any interest-bearing token, and it would launch its Yearn Finance v3 as ERC-4626.
ERC-4626 is a newly proposed Ethereum token standard designed to resolve the varying design types for tokens in decentralized finance (DeFi):
Yearn.Finance is a Decentralized Finance (DeFi) platform that aims to build products on aggregated liquidity provision, leveraged trading, automated marketing making, and more.
YFI is trading at $21,973, down by 3.2% in the last 24 hours.
Source: Twitter
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