How to Make Passive Income with Yearn Vaults (VIDEO)

I’ve earlier talked about Yield Farming, which basically entails hunting down the most yield offered by various DeFi (decentralized finance) platforms. As profitable as that has been for some investors, it’s not the most passive way to make money. Yield farming requires you to be very vigilant in a market that’s very new. It also requires you to move funds around which can be costly in fees. Yearn Vaults were developed to handle these issues. They were designed so that the community could work together to build strategies that automate the best yield farming opportunities available. The concept of Yearn Vaults is a complicated one. This is why I implore you to watch the video within this post several times. Yearn Vaults are yet another example of how the future of finance is very exciting.

What are Yearn Vaults?

Yearn Vaults are an exciting new way to make locked away crypto tokens generate the most income. Vaults enables investors to hold a token while simultaneously growing the value of their holdings. By depositing a token like Cardano (ADA) into the vault, users can earn money because yearn.finance borrows stablecoins against their deposits. The algorithm within the Vault’s protocol ensures that the stablecoins picked are those with the greatest yields. Any income made above the stablecoin debt is immediately…