Yearn vs YOP Finance — Which One is Better?

It is insanely difficult to make money in the cryptocurrency markets. High market volatility, coordinated whale attacks, news impact, flash crashes, and many more threats could get in your way. But what if you could earn income passively without any risk whatsoever?

That’s right. DeFi protocols such as YOP Finance and Yearn offer higher APYs than what your bank would offer. So how are these two protocols able to generate such returns? And which of them is the best in terms of APY, transparency, and intuitiveness? Let’s find out.

How are the Returns Generated?

To answer in two words: yield farming. Let’s say Jack wanted to stake his crypto to provide liquidity on Curve and Compound. He then takes his rewards in the form of liquidity provider tokens and stakes them as well to multiply his passive income returns.

Another option is to take a loan of USDT from Aave and stake all of it on Curve. Then use the rewards from Curve to pay back the Aave loan. This can get quite messy, complicated, and very expensive.

Fortunately, yield farming robots created by Yearn and Yop Finance already do this for you on autopilot. They can automatically find strategies with the highest returns by constantly moving your money from one place to another.

Yearn vs YOP Finance: Side-by-side comparison

Although Yearn spearheaded a revolution in the yield aggregator space, there are a few problems with its product.

• YOP Finance offers significantly higher APYs across all of its vaults. While Yearn offers less than 5% APY for stablecoins, BTC, and ETH deposits, you can find YOP offering up to 65% APY for the same tokens. Another thing to remember is that, unlike Yearn, YOP details all its calculations on its Documentation page.

Yearn’s protocol is very complex and not easy to use for the average crypto user. In addition to being unintuitive, yearn’s UI offers little to no hand-holding and expects users to already have a strong knowledge of DeFi beforehand. The truth is that DeFi must become inclusive to get to its 7 billionth user. YOP was built with simplicity in mind from the ground up. Only the more essential info is displayed at first glance with an option to quickly navigate to YOP’s docs page if you want to dig more.

• Speaking of transparency, YOP is the only yield aggregator out of the two with a transparent team. You can easily look up the people behind YOP from their very own website. On the other hand, Yearn’s team is fully private and this is quite a concern for investors who prefer to have their money handled by reputable people only.

How to Get Started with YOP Finance and Earn High Returns Safely

Deposit your crypto in YOP’s vaults to start earning up to 65% APY on your crypto. You can also stake your $YOP tokens for higher APYs.

The best part is that YOP automatically compounds your rewards so that you receive more than simply staking your crypto on DeFi protocols like Aave and Compound.

So how does YOP offer up to 65% APY on its stables, ETH, and BTC?

Apart from its robust strategy, YOP, which stands for Yield Optimization Protocol, features a BOOST mechanism wherein users can stake $YOP tokens to further increase their APY.

The future is Bright for DeFi Yield Aggregators

Although both protocols have their differences, it is exciting to see how far yield aggregators can go in terms of sustainability, simplicity, and most importantly, profitability.

YOP Finance is looking to move its services across other blockchain networks. As a result, YOP will have access to more exciting yield farming opportunities. This means new strategies and higher returns for all investors.

YOP also plans to become a DAO so that its users can use $YOP as a governance token to influence decisions about the future of YOP Finance as a whole.