yETH is a so-called “vault,” which means that users earn yields together. yETH automatically generates the highest interest or “yield” across DeFi protocols when users stake Ethereum holdings. Traders believe that demand could be huge, and may even create a "liquidity crisis" for Ethereum's token ETH.
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Wonder tool yETH promises to supercharge DeFi yields
“The sheer amount of eth that is going to get locked up in this @iearnfinance yETH vault I feel will be astronomical, not only bullish for $yfi but the juggernaut $eth itself,” tweeted one trader.
