The returns are then distributed proportionally to users, accumulating to the yTokens they get when making deposits. Yearn Vaults allows to automatically invest user deposits in the highest-yielding place available in the DeFi ecosystem. finance's services seek to enable users to lend or trade their cryptocurrency. Yearn Finance is a yield optimizer that moves funds around the decentralized finance ("DeFi") ecosystem to generate a high return. Since going live in July of 2020, Yearn has held just over $1 billion in assets at a single time. He also worked as an advisor, engineer, analyst, and consultant for CryptoCurve or Kosmos Kapital and FUSION foundation or Fantom Foundation. Cronje's goal was to allow investors to find the best yield for their investments in a practical and automatic way.Ĭronje raised no private or public funding for the yearn.finance protocol and didn't reserve tokens for himself.Ĭronje was previously Head of Technology for several companies involved in blockchain and cryptocurrencies.
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