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yfi-and-ytokens.md

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YFI and yTokens

YFI

  • Yearn Governance token
  • Only 30,000 minted and already fully distributed
    • Governance can mint more, if proposal to do so passes.

yTokens

  • When you deposit into any yearn service your deposit is wrapped and returned as a yToken representing the liquidity provided
  • For example, if you deposit DAI in y.curve.fi you will receive yDAI in return
  • Amounts of yToken and deposited token will differ since the yToken represents a share of a pool that is increasing in value
  • If you deposit a yToken into another yearn service you will get a yyToken back

yUSD

  • See our doc on yUSD for detailed info
  • LP token for yearn's yCRV yVault
  • aka yyCRV or yyDAI+yUSDC+yUSDT+yTUSD
  • When you deposit yCRV into the yVault you receive yUSD**** LP tokens
  • earns interest via yCRV, fees and yield farming rewards via the vault strategy

yCRV

  • LP token for yearn's Y pool at Curve.fi/y
  • Aka yDAI+yUSDC+yUSDT+yTUSD
  • Interest earning token representing your share of the Y pool composed of DAI, USDT, USDC, and TUSD