Report: The Birth of ERC-4626 to DeFi

As current tokenized vaults are mostly deployed in lending and borrowing, yield aggregators, and stakings in DeFi, yield-bearing tokens minted from those vaults are weak in terms of capital efficiency and liquidity.

As a solution, ERC-4626 aims to optimize and unify the technical specs of various vaults in order to establish a standard protocol for all types of yield-bearing tokens. As a result, even though this protocol has not been officially launched on the mainnet yet, it has earned plaudits from early adopters such as Yearn, mStable and Balancer.

Click here to download the full report.