Yes, that is correct. Yearn Finance (YFI) is a DeFi protocol that focuses on providing the best yield for its users. It does this by utilizing a variety of different strategies and protocols, including automated market makers (AMMs), yield farming, and arbitrage. YFI is launching soon and is expected to bring a new level of scope to the DeFi ecosystem. Stakers will be able to earn a portion of the fees generated by the platform, and YFI holders will also be able to vote on governance decisions. There is no lending or borrowing, as the focus is on providing the best yield possible. YFI is expected to have a significant impact on the DeFi space, and it will be interesting to see how it develops.
