yearn.finance yfi
-1.86 % $ 7,661.04
$7,376.47 24H Range $7,901.32
Market Data
Price $ 7,661.04
Volume $ 37,406,651.00
Volume / Market Cap 0.1489
Supply
Circulating Supply 32,777.50
Total Supply 36,666.00
Max Supply 36,666.00
Valuation
Market Cap $ 251,136,945.00
Fully diluted market cap $ 280,930,158.00
yearn.finance (yfi) Price Chart
yearn.finance (yfi) Price Info
Timeframe Price Change(%)
1h 0.65%
24h -1.86%
7d 2.30%
14d 0.48%
30d 33.14%
1y -70.05%
Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. It started out as a passion project by Andre Cronje to automate the process of switching capital between lending platforms in search of the best yield offered, as the lending yield is a floating rate rather than fixed rate. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols.  The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD. For example, if a user deposits DAI into yearn.finance, the user will receive yDAI token in return, which is a yield-bearing DAI token.  Later on, it collaborated with Curve Finance to release a yield-bearing USD tokens pool that includes four y-tokens: yDAI, yUSDT, yUSDC and yTUSD, it is named as yUSD.  Yearn Finance debuted the vault feature after its token launch, igniting a frenzy on automated yield farming and is considered the initiator of the category of yield farming aggregator. Basically, the vault will help users to claim yield farming rewards and sell it for the underlying assets.  Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to have proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited.
News about yearn.finance
Will MakerDAO find savior in YFI as MKR declines
ambcrypto.com • 16 days ago
Yearn Finance: What The Final Quarter Of 2022 Has In Store For YFI Price
newsbtc.com • 2 months ago
Assessing what’s next for Yearn Finance (YFI) as we gear up to close Q4
ambcrypto.com • 2 months ago
Yearn.Finance: Will this four-step plan bring YFI holders back to the protocol
ambcrypto.com • 4 months ago
Celsius lawsuit claims KeyFi stole customer deposits to buy NFTs
protos.com • 6 months ago
Celsius Responds to KeyFi Lawsuit With One of its Own
cryptopotato.com • 6 months ago