General Discovery

About the event

Project: Yearn Finance
Guests: Farrah and Weaver
Topic: Decentralizing finance: A journey from web2 to web3.
NOT FINANCIAL ADVICE

About our guest speaker

Include guest name(s); try to include name pronunciation.
- Farrah, [ROLE], Yearn Finance
  - https://t.me/farrahmay
- Weaver, [ROLE], Yearn Finance
  - https://t.me/zeroXweaver
Write a short bio about the guest(s) including their role at the project they are speaking about.
- Find one or two things that are unique or interesting about our guest. Little known facts are great! i.e. owns two Shiba Inus in real life so bought a lot of SHIB.
- Describe their crypto journey thus far. i.e. graduated from college in 2016, got their first bitcoin as a graduation gift, fell down the rabbithole of Ethereum, launched a DeFi protocol in 2020.
- How has their crypto journey impacted their decision to join/launch the project they work on today?
- What are some notable achievements that increase their web3 reputation?

About the project

What is the general positioning of the project? i.e. DeFi, NFTs, DAOs, governance.
- DeFi
What is the value proposition of the project? How does it clearly differentiate itself from others in the web3 space?
- yield aggregating optimization
How does it benefit it community members and general web3 communities at large?
- allows for yield farming strategies to be performed cheaper together as a community
Is it bridging blockchains, protocols, tools, communities, etc.?
- bridging protocols in order to return the most return to its users
Does it bring a unique vision or approach to solve challenges in web3?
- yes it is a DeFi yield aggregator meant to simply yield farming strategies in order for them to be open to everyone.
How does it improve the web3 ecosystem?
- actively rewarding contributors of their community and delivering on their vision of helping to make yield farming cheaper and simple to use.
Generally, how does the product work?
- Provide basic information about the product
  - yearn vaults are complex yield aggregation strategies users can deposit funds into. users receive ytokens in return. these vaults will automagically reallocate funds in the vault for best optimization of yield across any number of different protocols the vault utilizes
  - yearn vault strategies are submitted by community members and a portion of the vault strategies profits go to the community member.
- Details of product stemming off high level overview
- Outline a few mid to high-level topics about the product
- Results of the product so far
Practical applications of product.
- Detail current functionality of project, where it is deployed, TVL.
  - yearn is currently live and available to use on ethereum mainnet and the fantom network.
- Current and potential use cases.
- Outline steps for a beginner to get started.
- Token economy.
- Any recent, meaningful updates to the project.