Yearn contributor explains why protocol is launching token backed by basket of Ethereum LSDs

Quick Take

  • Yearn Finance is preparing to launch a token backed by a basket of Ethereum liquid staking derivatives.
  • A contributor to Yearn explains why the protocol decided to create this token, and what it offers.
Yearn’s latest token will use smaller doses of staked ether tokens to get the same yields while spreading the risk.

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To contact the editors of this story:
Madhu Unnikrishnan at
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