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Yearn Finance Says Token Standard ERC-4626 Is Now Available

Twitter icon  •  Published 2 years ago on April 7, 2022  •  Hassan Maishera

In a tweet on Tuesday, the Yearn Finance team announced that the Tokenized Vault Standard (ERC-4626) is now available.

Yearn Finance Says Token Standard ERC-4626 Is Now Available

n a tweet on Tuesday, the Yearn Finance team announced that the Tokenized Vault Standard (ERC-4626) is now available. According to Yearn Finance, if developers build an app on top of one ERC-4626 vault, it will work for all other ERC-4626 tokens. It added that ERC-4626 would be the gold standard for any interest-bearing token, and it would launch its Yearn Finance v3 as ERC-4626. 

ERC-4626 is a newly proposed Ethereum token standard designed to resolve the varying design types for tokens in decentralized finance (DeFi):

Yearn.Finance is a Decentralized Finance (DeFi) platform that aims to build products on aggregated liquidity provision, leveraged trading, automated marketing making, and more.

YFI is trading at $21,409, down by more than 7% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.