Deposits on Yearn

    How has Money been entering the Yearn ecosystem?

    Since March of this year deposits to the yearn vaults have been on a trend of increasing in volume and diversity. Additionally, The vast majority of funds entering the Yearn ecosystem are from high value wallets.

    The diversity of top vaults that depositor's have been putting their money into has been greatly increasing starting in late may or early June. Between march and may that vast majority of the deposits to yearn were to the v2 YFI yVault, but after may the deposits have been a lot more split up to various vaults.

    The table above shows the USD balances of wallets that have been deposited into Yearn vaults. The majority of depositors have less than $1,000 in their ETH wallet which is to be expected. The unusual thing about depositors to Yearn is that about 11% of the depositors to these top vaults have over $100,000 in their ETH wallets. What this shows is that an unusually high proportion of Whales are putting their money into year vaults.

    In the graphic above the definition of a whale is a deposit into a yearn vault that is greater than 100,000. Most weeks since march between 90% and 95% of all deposits to the top Yearn vaults have been from whale's and the weekly amount of deposits seem to generally be on the rise.

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