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Yearn fees seem pretty damned high

The yearn vaults are quite convenient vessels for passive investing, but in many cases the yields get decimated by the fees.

Most vaults have a yearly management fee of 2% and a performance fee of 20%, which really reduces the yield by a lot. Like a bare APY of 7.5% gets reduced to approximately 7.5% * 0.8 – 2% = 4%.

I’m wondering whether it’s really necessary to have this high fees. If I compare the crvSTETH yearn vault, which currently shows an APY of 4.43%, with the “pJar 0d” of [pickle.finance](https://pickle.finance), which is based on the same steth Curve pool and currently shows an APY of 6.07%, it seems fees don’t need to be as high.

Does anybody have more insight and possibly even a benchmark between pJar0d and yvCurve-stETH? What are your thoughts on Yearn and possible alternatives.

What do you think?

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2 Comments

  1. go to polygon and use the aave pool stable coin pool for about 7%-8% apy through base apy, matic, and crv. That is the safest play atm in this bear market. If you are still bullish on eth and btc put it in the wtb usdt usdc dai eth pool for 25% apy.

    Ive got about 10k in the polygon curve atricrypto pool that is earning me about 7 bucks a day (25% apy) experienceing depreciating assets plus IL

    and I got about 20k in the aave stablecoin pool making me about 8% apy making me about 5 bucks a day. NO impermaent loss and no depreciating assets.

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