yearn.finance yfi

-2.14 % $ 8,080.94
$8,068.06 24H Range $8,257.46
Market Data
Price $ 8,080.94
Volume $ 20,206,041.00
Volume / Market Cap 0.0795
Supply
Circulating Supply 31,406.94
Total Supply 36,666.00
Max Supply 36,666.00
Valuation
Market Cap $ 254,038,377.00
Fully diluted market cap $ 296,576,864.00
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.
yearn.finance (yfi) Price Chart
YFI/USDT  -  YFI/USD
0.36 %
0.03 YFI

Buy
YFI/USDT
coin
yearn.finance
YFI
$ 8,091.4700
BTC 0.4196964211
exchange
Poloniex

Sell
YFI/USD
coin
yearn.finance
YFI
$ 8,120.500000
BTC 0.4212021781
exchange
Bitfinex
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News about yearn.finance
Celsius lawsuit claims KeyFi stole customer deposits to buy NFTs
protos.com • a month ago
Celsius Responds to KeyFi Lawsuit With One of its Own
cryptopotato.com • a month ago
Crypto Exchange Celsius Countersues KeyFi for 'Gross Mismanagement'
decrypt.co • a month ago
Why Celsius Filed A Counter Lawsuit Against KeyFi For “Stealing Millions”
bitcoinist.com • a month ago
Celsius Counter-Sues KeyFi for Tens of Millions
cryptobriefing.com • a month ago
Celsius Claims KeyFi Stole Million Of Dollars And Laundered Crypto Through Tornado Cash In New Filing
en.ethereumworldnews.com • a month ago