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Yield Farming
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YFI and The Industrialization of Yield Farming

Aug 24, 2020 ⋅  10 min read

In just two months Yearn went from a relatively unknown lending aggregator to a $390 million DeFi powerhouse at the center of the hottest trend in the industry today - yield farming. Yearn has dominated yield farming so convincingly that some have conceptualized its token, YFI, as crypto’s Yield Farming Index. But with such a sudden rise it’s worth exploring the hard questions about Yearn’s value, impact, risks, and opportunities ahead.

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Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

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About the author

Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

Mentioned in this report