Yearn Finance is “joining forces” with market coverage provider Cover, Yearn founder Andre Cronje announced on November 28.
In a blog post, Andre said 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.
The founder of Yearn Finance also says Cover will be able to expand into a new cover money market, making the CLAIM token collateral and a borrowable asset.
As AZCoin News recently reported, 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.
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