{"id":480830,"date":"2022-01-11T18:00:18","date_gmt":"2022-01-11T18:00:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=480830"},"modified":"2022-01-11T15:04:21","modified_gmt":"2022-01-11T15:04:21","slug":"yearn-finance-creator-to-launch-new-amm-what-its-all-about","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/defi\/yearn-finance-creator-to-launch-new-amm-what-its-all-about\/","title":{"rendered":"Yearn Finance Creator To Launch New AMM, What It’s All About?"},"content":{"rendered":"

Famous for his motto \u201cI test in prod\u201d, Andre Cronje, inventor of Yearn Finance and other DeFi protocols, will launch a new platform. Called ve(3,3) it has been designed as an Automated Market Maker (AMM) to operate with a \u201cprotocol for protocols\u201d architecture.<\/p>\n

Related Reading | Solana DeFi Goes Stratospheric as Hubble Protocol Announces $3.6M Raise<\/a>
\n<\/strong><\/p>\n

In other words, this new AMM will be easy to integrate with other platforms to incentivize their own liquidity and without tradeoffs. The protocols that decide to add ve(3,3) won\u2019t lose fees, volumes, or liquidity, as the creator of Yearn Finance explained in an official post<\/a>.<\/p>\n

Cronje believes AMMs utility has undergone a change, from primarily serving as a tool for liquidity providers to serving as an addition to projects. Thus, ve(3,3) seeks to meet the demand of AMM\u2019s new users; other protocols.<\/p>\n

His new project, ve(3,3), will remove friction from the process of adding token incentives to a protocol\u2019s liquidity, will make it simpler for projects to accrue fees from incentives, and will operate as a permissionless platform. The Yearn Finance developer said:<\/p>\n

With the above in place, any protocol or project can easily incentivize their own liquidity, be it for their token, their stable coin, or even other derivatives, and while doing so, they fully accrue fees.<\/p><\/blockquote>\n

Cronje\u2019s new protocol will have multiple features, including the capacity to natively support swaps between closely correlated assets, and uncorrelated assets, Uniswap v2 compatibility<\/a> which will let projects deploy its interface, the possibility to permissionless create pools, gauges, and bribes.<\/p>\n

In addition, the protocol will operate with a 0.01% fee to be paid in base assets. Cronje\u2019s protocol for protocols will let other platforms support delegation, increase \u201choldings proportional to emission\u201d, and conduct locks with capital efficiency, amongst many other features.<\/p>\n

Yearn Finance Inventor To Take AMM Utility To Its Next Phase?<\/h2>\n

As an additional incentive for projects to implement Cronje\u2019s protocol, the platform will reward them with ve(3,3) tokens. Those projects that occupy the top 20 by total value locked (TVL)<\/a> will receive these rewards two weeks after the protocol launches.<\/p>\n

The launch could take place next week, as Cronje announced via Twitter. By the end of next week, the platform will take a snapshot to determine the projects that will receive a percentage of the 2,000,000 ve(3,3) available for rewards. Cronje added:<\/p>\n

It is up to them (the selected projects) to decide what they will incentivize, be it their own token, stable coin, or other liquidity. The timeline for this will thus be 2 weeks post protocol launch until distribution starts.<\/p><\/blockquote>\n

https:\/\/twitter.com\/AndreCronjeTech\/status\/04747012<\/p>\n

As of press time, Yearn Finance native token YFI trades at $32,139 with a 2.7% profit in 24-hours.<\/p>\n

Related Reading |<\/strong> Yearn Finance Launches New Vault, While YFI Retakes Bullish Momemtum<\/a><\/strong><\/p>\n

\"YFI
YFI moving sideways in the 4-hour chart. Source: YFIUSDT Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Famous for his motto \u201cI test in prod\u201d, Andre Cronje, inventor of Yearn Finance and other DeFi protocols, will launch a new platform. Called ve(3,3) it has been designed as an Automated Market Maker (AMM) to operate with a \u201cprotocol for protocols\u201d architecture. Related Reading | Solana DeFi Goes Stratospheric as Hubble Protocol Announces $3.6M Raise In other words, this new AMM will be easy to integrate with other platforms to incentivize their own liquidity and without tradeoffs. The protocols that decide to add ve(3,3) won\u2019t lose fees, volumes, or liquidity, as the creator of Yearn Finance explained in an official post. Cronje believes AMMs utility has undergone a change, from primarily serving as a tool for liquidity providers to serving as an addition to projects. Thus, ve(3,3) seeks to meet the demand of AMM\u2019s new users; other protocols. His new project, ve(3,3), will remove friction from the process of adding token incentives to a protocol\u2019s liquidity, will make it simpler for projects to accrue fees from incentives, and will operate as a permissionless platform. The Yearn Finance developer said: With the above in place, any protocol or project can easily incentivize their own liquidity, be it for their token, their stable coin, or even other derivatives, and while doing so, they fully accrue fees. Cronje\u2019s new protocol will have multiple features, including the capacity to natively support swaps between closely correlated assets, and uncorrelated assets, Uniswap v2 compatibility which will let projects deploy its interface, the possibility to permissionless create pools, gauges, and bribes. In addition, the protocol will operate with a 0.01% fee to be paid in base assets. Cronje\u2019s protocol for protocols will let other platforms support delegation, increase \u201choldings proportional to emission\u201d, and conduct locks with capital efficiency, amongst many other features. Yearn Finance Inventor To Take AMM Utility To Its Next Phase? As an additional incentive for projects to implement Cronje\u2019s protocol, the platform will reward them with ve(3,3) tokens. Those projects that occupy the top 20 by total value locked (TVL) will receive these rewards two weeks after the protocol launches. The launch could take place next week, as Cronje announced via Twitter. By the end of next week, the platform will take a snapshot to determine the projects that will receive a percentage of the 2,000,000 ve(3,3) available for rewards. Cronje added: It is up to them (the selected projects) to decide what they will incentivize, be it their own token, stable coin, or other liquidity. The timeline for this will thus be 2 weeks post protocol launch until distribution starts. https:\/\/twitter.com\/AndreCronjeTech\/status\/04747012 As of press time, Yearn Finance native token YFI trades at $32,139 with a 2.7% profit in 24-hours. Related Reading | Yearn Finance Launches New Vault, While YFI Retakes Bullish Momemtum<\/p>\n","protected":false},"author":535,"featured_media":480834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[79663,79664,81710],"class_list":["post-480830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-yearn-finance","tag-yfi","tag-yfiusdt"],"acf":[],"yoast_head":"\nYearn Finance Creator To Launch New AMM, What It's All About?<\/title>\n<meta name=\"description\" content=\"Famous for his motto \u201cI test in prod\u201d, Andre Cronje, inventor of Yearn Finance and other DeFi protocols, will launch a new platform.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Yearn Finance Creator To Launch New AMM, What It’s All About?","url":"http:\/\/uniquehot.com\/news\/defi\/yearn-finance-creator-to-launch-new-amm-what-its-all-about\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/defi\/yearn-finance-creator-to-launch-new-amm-what-its-all-about\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/01\/Yearn-Finance-Andre-Cronje-YFI.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/01\/Yearn-Finance-Andre-Cronje-YFI.jpg?fit=999%2C656"},"articleSection":"DeFi","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["yearn finance","yfi","yfiusdt"],"dateCreated":"2022-01-11T18:00:18Z","datePublished":"2022-01-11T18:00:18Z","dateModified":"2022-01-11T18:00:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Yearn Finance Creator To Launch New AMM, What It’s All About?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/defi\\\/yearn-finance-creator-to-launch-new-amm-what-its-all-about\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/defi\\\/yearn-finance-creator-to-launch-new-amm-what-its-all-about\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/Yearn-Finance-Andre-Cronje-YFI.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/Yearn-Finance-Andre-Cronje-YFI.jpg?fit=999%2C656\"},\"articleSection\":\"DeFi\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"yearn finance\",\"yfi\",\"yfiusdt\"],\"dateCreated\":\"2022-01-11T18:00:18Z\",\"datePublished\":\"2022-01-11T18:00:18Z\",\"dateModified\":\"2022-01-11T18:00:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/01\/Yearn-Finance-Andre-Cronje-YFI.jpg?fit=999%2C656","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/480830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=480830"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/480830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/480834"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=480830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=480830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=480830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}