Home Coins yearn.finance (YFI) Yearn & Cover merger. Yearn and Cover Protocol join forces… | by...

Yearn & Cover merger. Yearn and Cover Protocol join forces… | by Andre Cronje | yearn.finance | Nov, 2020

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Andre Cronje

Yearn and Cover Protocol join forces. Providing cover has been a key initiative at Yearn since working with Nexus Mutual to launch yInsure. Yearn developers have been working with Cover Protocol devs since inception, so this collaboration comes natural for both. The two teams working together as one will help optimize, enhance, and amplify the work that is already underway. Yearn can focus on its best-in-class vaults, while Cover becomes the backstop coverage provider for the Yearn product suite, as well as for DeFi as a whole.

  • Cover provides a wider range of coverage and accepts more types of collateral.
  • New agnostic coverage: Cover v1.1 allows other protocols to create their own coverage. This enables other communities to stake and protect their own systems, allowing them to take cover in their own hands.



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