Share this article
BTC
$83,001.28
-
1.38%ETH
$1,788.29
-
1.69%USDT
$0.9999
+
0.04%XRP
$2.1327
-
0.40%BNB
$591.35
-
1.06%SOL
$119.20
-
3.39%USDC
$1.0003
+
0.03%DOGE
$0.1680
-
1.46%ADA
$0.6494
-
1.92%TRX
$0.2378
-
0.71%LEO
$9.0823
-
4.80%LINK
$12.67
-
2.83%TON
$3.2657
-
3.79%XLM
$0.2506
-
3.71%AVAX
$17.86
-
1.85%SHIB
$0.0₄1232
+
0.11%SUI
$2.2096
-
3.79%HBAR
$0.1613
-
2.66%LTC
$82.11
-
2.82%OM
$6.2537
-
0.08%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Yearn Merges With Cover, DeFi Protocol's 4th Deal in a Week
Yearn is "joining forces" with market coverage provider Cover, capping a busy week in DeFi.
Yearn is "joining forces" with market coverage provider Cover, capping a busy week for the decentralized finance (DeFi) protocol.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Yearn's Andre Cronje said Cover will become the backstop coverage provider for Yearn, and for DeFi as a whole.
- Cover will also be able to expand into a new Cover money market, making the CLAIM token collateral and a borrowable asset.
- For its part, Yearn will get coverage for its vaults and be able to offer its users a reduced risk product.
- Yearn developers have worked with Cover Protocol developers since inception, so this collaboration came "naturally" for both parties, Cronje said.
- In the past week, Yearn announced a partnership with Pickle Finance, a yield farming protocol; a vault integration with Argent, a crypto wallet; and a merger with Cream Finance, a lending protocol.
Kevin Reynolds
Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
