xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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This article is sponsored by the MixPay Content Reward Program. MixPay is a decentralized crypto payment service platform built on Mixin Network. MixPay, Payment for Web3.
What is the Yearn vault? How is that different from the bank vault?
Let’s explore.
Table of Content
Bank Vault
Yearn Vault
yVault
In Conclusion
Bank Vault
A vault is a secure place to store valuable goods. Vault is particularly strong to defend against any possible destruction from bank robbers. There was an arms race between banks and robbers in the past. Each side invented a new technology to defeat one other. Since assets back then were heavily stored physically in vaults, robbers targeted bank vaults frequently until digitization to move physical assets away into the network system.
Nowadays, many vaults repurpose into tourists attractions and restaurants. Banks may no longer need a physical place to store their valuables.
Yearn Vault
Unlike a physical bank vault to prevent robbery, a digital vault has more purposes for users. It is a secure fund pool operating through smart contracts to yield profits through different investment strategies.
It is an imaginary box with many secret sauces to make funds yield profits. Opposite to exclusive robbers, Yearn vault is open to everyone to participate and explore the potential earning opportunities.
yVault
yVault has been updated from version 1 to version 2. It becomes more flexible to implement strategies into yVault to create more ways to explore the yielding potential. It can include up to 20 strategies simultaneously within one vault. With different types of tokens, the vault can expand and adopt new types of tokens. The yielding potential becomes unlimited.
In Conclusion
Yearn vault is a digital smart contract with strategies embedded to create inclusive yielding opportunities. As opposed to a bank vault which exclusively has dangerous characters to protect their assets.
This article is sponsored by the MixPay Content Reward Program. MixPay is a decentralized crypto payment service platform built on Mixin Network. MixPay, Payment for Web3.
What is the Yearn vault? How is that different from the bank vault?
Let’s explore.
Table of Content
Bank Vault
Yearn Vault
yVault
In Conclusion
Bank Vault
A vault is a secure place to store valuable goods. Vault is particularly strong to defend against any possible destruction from bank robbers. There was an arms race between banks and robbers in the past. Each side invented a new technology to defeat one other. Since assets back then were heavily stored physically in vaults, robbers targeted bank vaults frequently until digitization to move physical assets away into the network system.
Nowadays, many vaults repurpose into tourists attractions and restaurants. Banks may no longer need a physical place to store their valuables.
Yearn Vault
Unlike a physical bank vault to prevent robbery, a digital vault has more purposes for users. It is a secure fund pool operating through smart contracts to yield profits through different investment strategies.
It is an imaginary box with many secret sauces to make funds yield profits. Opposite to exclusive robbers, Yearn vault is open to everyone to participate and explore the potential earning opportunities.
yVault
yVault has been updated from version 1 to version 2. It becomes more flexible to implement strategies into yVault to create more ways to explore the yielding potential. It can include up to 20 strategies simultaneously within one vault. With different types of tokens, the vault can expand and adopt new types of tokens. The yielding potential becomes unlimited.
In Conclusion
Yearn vault is a digital smart contract with strategies embedded to create inclusive yielding opportunities. As opposed to a bank vault which exclusively has dangerous characters to protect their assets.
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