Share this article
Yearn Merges With Cover, DeFi Protocol's 4th Deal in a Week
Yearn is "joining forces" with market coverage provider Cover, capping a busy week in DeFi.
Updated May 9, 2023, 3:13 a.m. Published Nov 28, 2020, 6:56 p.m.
Yearn is "joining forces" with market coverage provider Cover, capping a busy week for the decentralized finance (DeFi) protocol.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Yearn's Andre Cronje said Cover will become the backstop coverage provider for Yearn, and for DeFi as a whole.
- Cover will also be able to expand into a new Cover money market, making the CLAIM token collateral and a borrowable asset.
- For its part, Yearn will get coverage for its vaults and be able to offer its users a reduced risk product.
- Yearn developers have worked with Cover Protocol developers since inception, so this collaboration came "naturally" for both parties, Cronje said.
- In the past week, Yearn announced a partnership with Pickle Finance, a yield farming protocol; a vault integration with Argent, a crypto wallet; and a merger with Cream Finance, a lending protocol.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Visa brings Circle's USDC settlement to U.S. banks following $3.5 billion stablecoin pilot
Initial participants include Cross River Bank and Lead Bank, which are settling with Visa in USDC over the Solana blockchain.
What to know:
- U.S. banks and fintechs can now settle Visa obligations in Circle's USDC, starting on the Solana blockchain.
- Early participants include Cross River Bank and Lead Bank, with broader rollout planned through 2026.
- Visa will also support Circle’s Arc blockchain and run a validator, extending its stablecoin infrastructure bet.
Top Stories
