About yearn.finance (YFI)
Market Capitalization$203.86 million
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
yearn.finance (YFI) Frequently Asked Questions
What is yearn.finance?
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. Core Products: Vaults:Capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. Earn:The first Yearn product was a lending aggregator. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. Users can deposit to these lending aggregator smart contracts via the Earn page. Zap:A tool that enables users to swap into and out of (known as "Zapping") several liquidity pools available on Curve.Finance. These pools benefit from the lending aggregators discussed above, as well as earning users trading fees by partcipating as Liquidity Providers (LPs) on Curve.Fi. Currently users can use five stablecoins (BUSD, DAI, USDC, USDT, TUSD) and "Zap" into one of two pools (y.curve.fi or busd.curve.f) on Curve. Alternatively, users can "Zap" out of these two Curve pools and into one of the five base stablecoins. Cover:Insurance that enables users to obtain coverage against financial loss for various smart contracts anor protcols on the Ethereum blockchain. Cover is underwritten by Nexus Mutual. Governance:The Yearn ecosystem is controlled by YFI token holders who submit and vote on off-chain proposals that govern the ecosystem. Proposals that generate a majority support (>50% of the vote) are implemented by a 9 member multi-signature wallet. Changes must be signed by 6 out of the 9 wallet signers in order to be implemented. The members of the multi-signature wallet were voted in by YFI holders and are subject to change from future governance votes. (Description provided by CryptoCompare)
How do I buy yearn.finance?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including yearn.finance.
Where can I get yearn.finance wallet?
yearn.finance produces its own wallet software that is available for download on its website, which allows you to store yearn.finance on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of yearn.finance?
One yearn.finance (YFI) is currently worth $5,564.09 on major cryptocurrency exchanges. You can also exchange one yearn.finance for 0.27651868 bitcoin(s) on major exchanges. The value (or market capitalization) of all available yearn.finance in U.S. dollars is $203.86 million.
yearn.finance (YFI) Price Chart for Wednesday, June, 29, 2022
yearn.finance (YFI) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as yearn.finance. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "yearn.finance Coin" over the last 90 days.
yearn.finance (YFI) Website Traffic
yearn.finance (YFI) Social Media Trends
yearn.finance (YFI) News Headlines
|Five Low-Cap Altcoins Surge 100% or More in Just One Week Amid Bounce Across Crypto Markets|
dailyhodl.com - June 27 at 5:05 AM
|Yearn.Finance (YFI) Token Spikes 100% in a Week: Possible Reasons|
u.today - June 25 at 4:04 PM
|YFI And YFII Prices Soar More Than 30% in the Last 24 Hours|
coinquora.com - June 25 at 9:08 AM
|Whales Are Piling Into Top Gaming Altcoin – And Letting Go of Three Crypto Assets, According to Analytics Firm|
dailyhodl.com - June 24 at 8:05 PM
|DAR Announces January 2022 Crypto Exchange and Asset Vetting Results|
prweb.com - January 20 at 9:44 AM
|SEC delays spot Bitcoin ETF decisions, Nike enters Metaverse arena, and a crypto exchange gets hacked: Hodler’s Digest, Dec. 12-18|
cointelegraph.com - December 19 at 6:01 AM
|DAR Announces July 2021 Crypto Exchange and Asset Vetting Results|
prweb.com - July 13 at 11:09 AM
|eToro Adds Decentraland, Compound, Aave And Yearn.Finance – Here’s How to Buy|
coinjournal.net - May 25 at 9:14 AM
|Litecoin, Polkadot & Yearn.Finance - American Wrap: 2/1/2021|
feeds.benzinga.com - February 1 at 3:55 PM
|Yearn.finance team proposes $225 million YFI token mint|
cointelegraph.com - January 21 at 1:04 AM
|Tezos (XTZ), Synthetix (SNX) and Yearn.finance (YFI) lead the DeFi revival|
cointelegraph.com - January 8 at 5:11 AM
|Yearn.Finance Season of Mergers, Sushiswap Now Next on The List|
feedproxy.google.com - December 1 at 11:39 AM
|Yearn.finance’s YFI Could Target $30,000, But Shows Signs of Slowing Down|
newsbtc.com - November 19 at 7:05 PM
|Yearn.finance (YFI) Explodes $4,000 Higher in An Hour: DeFi Bull Run|
newsbtc.com - November 18 at 3:06 AM
|Bitcoin, Yearn.Finance & Ripple - American Wrap: 11/16/2020|
benzinga.com - November 16 at 5:38 PM
|Institutional money is pumping the DeFi markets back up|
cointelegraph.com - November 12 at 4:30 AM
|YFI price vulnerable to further declines below $14,000|
coinjournal.net - October 26 at 8:25 AM
|Yearn.finance (YFI) Incurs Massive Selloff as Analyst Targets Crash to $6,000|
newsbtc.com - October 4 at 10:33 PM
|Yearn.finance (YFI) Just Plunged by Over 10%: Here’s What’s Driving the Move|
bitcoinist.com - September 20 at 2:13 AM
|Yearn.Finance (YFI) Flies 15% Percent From Local Price Floor, Fractal Targets $60K+|
newsbtc.com - September 18 at 9:45 PM
|Yearn.Finance’s New Vault Leverages DeFi ‘Triforce’: ETH, MakerDAO and Curve|
coindesk.com - September 2 at 3:07 AM