yETH : Why is maker vault collateralization ratio at 350% instead of 200%?

Am I missing something ? As stated in strategy collateralization ratio should be close 200%.

It is undergoing a unwinding process in order to implement a new strategy that will be launched for the yETH vault.

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Is there a way to have details about this strategy? does it involve another maker vault ?

I would reference the new newsletter https://yearn.substack.com/p/yearn-finance-newsletter-1

"The vault is currently in the process of being unwound (DAI paid off) in order to implement new improvements and optimizations, not because of excessive risk. A new v2 yETH strategy will launch once this process is complete."

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Thanks for the answer here.

I assume we will need to withdrawal and redeposit when the new strategy is live? The migration to the new strategy won’t happen automatically, will it?

Vault migrations happen automatically.

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