Yearn Classic (EARN) is the governance token of the Yearn Classic platform. Forming part of the DeFi ecosystem. The main advantage of EARN is that it allows users to stake their cryptocurrency assets in a variety of different pools, and in return, users will receive EARN tokens, including:
Automatic yield rate: The goal of EARN tokens is to help them maintain Someone who produces the best yield every day. No time is wasted looking up which protocols are being executed.
Staking: Early adopters and holders of EARN will receive staking opportunities. Users who hold and stake EARN tokens will earn additional EARN tokens over time.
Token Value: Yearn Classic will implement a burning mechanism. Therefore, half of the daily income generated by the user's mortgage assets will be automatically used to purchase ETH ans, which in turn will be exchanged for EARN tokens on the market. These EARN tokens will then be burned to provide further price support. Burning will take place daily at 00:00 UTC.