Cryptocurrency News
Yearn.finance advocates for the adoption of ERC-4626 tokenized vault standard
2022.04.06 20:41
Yearn.finance advocates for the adoption of ERC-4626 tokenized vault standard
Following the successful deployment of 25 previous Ethereum Request for Comments (ERC) standards — including the industry recognized ERC-20 for fungible tokens, ERC-721 for nonfungible tokens (NFTs), and the single smart contract multi-token ERC-1155 — the newly passed ERC-4626 is gaining traction within the Ethereum community due to its purported yield-bearing benefits.
Referred to as the “tokenized vault standard,” ERC-4626 is set to be implemented at the next Ethereum fork upgrade following approval by the developers within Ethereum’s governance procedure.
