What are YEARN VAULTS? ETH Vault Explained | DEFI, YIELD FARMING

So what are Yearn Vaults all about? Also, how does the ETH Vault work under the hood and how can it bring over 60% returns? We’ll go through all of this in this video.
Yearn Vaults, in essence, are pools of funds with an associated strategy for maximising returns on the asset in the vault. Vault strategies are more active than just lending out coins like in the standard Yearn protocol. In fact, most vault strategies can do multiple things to maximise the returns. This can involve supplying collateral and borrowing other assets such as stable coins, providing liquidity and collecting trading fees or farming other tokens and selling them for profit. Each vault follows a strategy that is voted in by the Yearn community.
Yearn Vaults were created as a direct response to yield farming and liquidity mining that made searching for the highest yield much more complex than just switching between different lending protocols.
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