Yield Farm 340-375% APY PowerPool’s YETI by Defi Dad

A few weeks ago, I covered PowerPool’s PowerIndex (PIPT), a new DeFi index with 8 underlying governance tokens: YFI, AAVE, UNI, SNX, COMP, MKR, WNXM, and CVP.

Interestingly, PowerPool just launched another new DeFi index focused on the Yearn ecosystem called YETI, short for Yearn Ecosystem Token Index, including the tokens: YFI, SUSHI, CREAM, AKRO, COVER, K3PR, CVP, PICKLE. YETI’s price depends on the price of these 8 tokens. The fixed weights of the tokens are: 

35% YFI

17% SUSHI

8% CREAM

8% AKRO

8% COVER

8% K3PR

8% CVP

8% PICKLE

Like PIPT, here’s what makes YETI special vs simply holding a basket of tokens:

1. You own future cashflows. The YETI contract uses pooled tokens for generating cashflows for index users. Each token will be utilized in a vault strategy for earning yield.
2. You can influence the markets of 8 governance tokens holding YETI. By owning YETI, you can participate in index governance. A YETI holder could also eventually vote to change the token set, token weights, and index fees via proposals since YETI holds CVP, the governance token of PowerPool.
3. You can participate in the governance of 8 protocols holding YETI. Imagine you’ve held and staked YETI on PowerPool and then you go to SushiSwap’s governance module and you can still vote with the 17% of SUSHI voting power that is imparted to you by holding YETI. 
4. In the future, you’ll be able to short a portfolio of 8 tokens using derivatives based on YETI. This is still in development.

New YETI Liquidity Mining Program

PowerPool recently launched