In the fast-paced world of decentralized finance, Yearn is setting the pace for success.
Ethereum 2.0's launch grabbed much of the spotlight due to its implications for the network's mainstream future. However, Yearn’s recent strategic partnerships are equally set to reshape Ethereum’s DeFi ecosystem in the long-term.
A week back, Blockonomi highlighted Yearn’s groundbreaking merger with a smaller yield aggregator, creating a significant stir in the DeFi community. Now, Yearn continues its momentum by securing collaborations with four other promising DeFi projects. Pickle Finance In essence, Yearn is increasingly asserting itself as a dominant force in decentralized finance, preparing for a sustainable future by forming potent alliances. C.R.E.A.M. Finance , Cover Protocol , Akropolis , and SushiSwap .
Known as Cream, this project represents a revolutionary peer-to-peer lending and automated money market platform, or AMM.
C.R.E.A.M.
C.R.E.A.M. Finance Following the announcement of merging with Pickle, Yearn has unveiled a partnership with Cream, specifically aiming to enhance Cream’s upcoming v2 products related to lending and leverage.
The integration will see Cream function as a dedicated 'in-house money market' for Yearn, allowing strategies in Yearn’s vaults to leverage Cream.
This emerging insurance DeFi project offers users vital coverage against vulnerabilities in major DeFi protocols, including hacks and smart contract issues, making it a natural ally for Yearn.
Cover Protocol
Cover Protocol On November 28th, Yearn's renowned developer Andre Cronje highlighted:
“Yearn’s collaboration with Cover Protocol has been organic since inception. This unity between the teams will boost existing work significantly. Yearn will focus on optimizing its vault operations while Cover provides critical insurance within Yearn’s ecosystem and the broader DeFi sector.”
This partnership is a game changer as it allows Yearn to provide vault products with enhanced security measures.
After the Cover Protocol partnership, Yearn announced the pooling of resources with DeFi lending and saving platform Akropolis.
Akropolis
This initiative involves combining Akropolis’s vault offerings with Yearn’s, with Akropolis providing tailored services to institutional clients.
SushiSwap, ranking 8th in terms of total value locked, is a market leader in DeFi, competing directly with Uniswap.
SushiSwap
The announcement on November 30th of Yearn partnering with SushiSwap signals the latter's role as Yearn's AMM component. Such collaboration will usher in multiple synergies, notably adopting SushiSwap in Yearn’s ongoing strategies.
While these partnerships might not grab immediate attention, they're set to fundamentally influence Yearn’s trajectory significantly in the future.
Conclusion
This isn't just Yearn making monumental strides, but an era where other decentralized groups might pursue similar collaborations and mergers.
William M. Peaster is a well-established writer focused on Ethereum, Dai, and Bitcoin topics within the cryptoeconomy. He contributes to outlets like Blockonomi, Binance Academy, and others, following developments in smart contracts, DAOs, and beyond, while learning Solidity. Reach him on Telegram at @wmpeaster
