Wido is excited to announce a partnership with Yearn, one of the leading decentralized finance (DeFi) protocols in the industry. With this collaboration, Wido becomes an official zap provider for Yearn, enabling seamless and efficient deposits of any ERC20 token into Yearn vaults.
Yearn is a decentralized protocol that allows users, DAOs, and other protocols to deposit cryptocurrencies and earn passive yields. Yearn utilizes advanced technology to optimize yield farming strategies and deliver the best risk-adjusted yields on deposits.
Wido Zaps simplifies the deposit process for Yearn vaults. Depositors can choose any token to deposit into Yearn, and Wido Zaps will automatically convert the input token into the corresponding Yearn vault token. Wido Zap infrastructure ensures optimal pricing and reduces deposit complexity.
Our recent study shows that Wido Zaps can increase deposits into DeFi protocols by 2x.
Wido's integration with Yearn starts on the Ethereum blockchain. In the near future, additional chains such as Arbitrum, Optimism, and Fantom will be supported, broadening our reach within the DeFi ecosystem.
Are you a protocol looking to simplify deposits into your contracts? Reach out to Wido and accept any token from your users, even from other chains! Wido Zaps are incredibly versatile and can be customized to support your protocol. Our solution allows your users to deposit any token they want, from any EVM chain, streamlining the user experience and reducing friction.
At Wido, trust and security are our top priorities. We have undergone two comprehensive audits from leading auditors CertiK and PeckShield to ensure the safety of our platform and the assets of our users. These audits bolster confidence in the security measures we have in place and demonstrate our commitment to providing a secure platform. Click here to learn more about Wido Audits.
In addition to the audits from CertiK and PeckShield, meeting Yearn's high-security standards was absolutely critical for this partnership. It took several months for Wido to go through Yearn's rigorous security due diligence process, which further underscores our dedication to maintaining a trustworthy and reliable platform for our users.
The partnership between Wido and Yearn is a significant development in the DeFi space. By combining Wido's token conversion solutions with Yearn's yield optimization strategies, we aim to enhance the user experience and contribute to the broader DeFi ecosystem. As we expand support for more chains, including Arbitrum, Optimism, and Fantom, we will continue working together to drive innovation in decentralized finance. Stay tuned for more updates from Wido and Yearn.