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StableCredit: A Scaling Solution for Yearn and a New Lego for DeFi

Ryan WatkinsSep 17, 2020 ⋅ 11 min read

DeFi moves fast. Yearn moves faster.

In just eight weeks Yearn has grown from a simple yield aggregator into a comprehensive DeFi ecosystem. In addition to Yearn’s asset management platform which currently manages more than $1 billion, Yearn now offers insurance, venture financing, decentralized exchange, lending, and stablecoin products. The latter three combined under one potentially disruptive new protocol called StableCredit.

In a nutshell StableCredit is MakerDAO + Aave + Bancor combined, but with minimal governance and no token (YFI is not involved). The latter two points hint at StableCredit’s ambition to be truly decentralized infrastructure that requires minimal human interaction to run, similar to Uniswap.

Keep this equation in mind as you read through this piece.

Building Towards StableCredit

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Ryan Watkins

72 ReportsRyanWatkins_

Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

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Ryan Watkins
Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.
72 ReportsRyanWatkins_
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