Cryptocurrency News

Yearn.finance advocates for the adoption of ERC-4626 tokenized vault standard

04/06/2022

Less than a minute

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.

04/06/2022

Less than a minute

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