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What is yTokens?

Crypto Terms Glossary: What is yTokens?

yTokens are cryptocurrency derivatives tokens which are awarded to Yearn.Finance liquidity providers (LPs) when they deposit assets into the protocol. Examples of yTokens include yCRV, a derivative of Curve (CRV) and yaLINK, a derivative of Aave's aLINK, which is itself a derivative of the LINK token.

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