yearn.finance YFI
#341$2,021+4.1% 24hMarket cap $69.3M24h volume $3.79M
Overview
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Best flexible rates
- OKX 1.2%
- Gate 1.0%
- Bybit 0.8%
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Active launchpools
No active launchpools with YFI right now
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Next unlock
No scheduled unlocks
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Exchanges with this coin
OKX
Gate
Bybit
BinanceAbout yearn.finance
- Market cap
- $69.3M
- #341 on the market
- Volume 24h
- $3.79M
- 5.5% of market cap
- Circulating
- 35,880 YFI
- 97.9% of max
- All-time high
- $90,787
- 11 May 2021 · −97.8% from ATH
- All-time low
- $31.65
- 18 Jul 2020
- Type
- DeFi
- Decentralized Finance (DeFi)
- Yield Farming
- Yield Aggregator
- Yearn Ecosystem
- +8
Website ↗ · Explorer ↗ · X ↗ · GitHub ↗
On Polarly: flexible rates up to 1.2% on 4 exchanges
Project description
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.
Read more
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.
Source: CoinGecko
Earn on YFI (4)
The effective rate for your amount is in the Polarly app's calculator. Partner link.
Open in the appQuestions and answers
- What is the best Earn rate for YFI?
- The best flexible rate is 1.2% on OKX: you can withdraw at any time.
- What is the fixed-term Earn rate for YFI?
- There are no fixed-term products for YFI available right now.
- Which exchanges let you stake YFI?
- 4 products on 4 exchanges: OKX, Gate, Bybit, Binance.
- What is yearn.finance (YFI)?
- 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. Categories: Decentralized Finance (DeFi), Yield Farming, Yield Aggregator, Yearn Ecosystem, Avalanche Ecosystem, Polygon Ecosystem, Near Protocol Ecosystem, Gnosis Chain Ecosystem, Fantom Ecosystem, Harmony Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem.
- How many YFI are there and what is the maximum supply?
- 35,880 YFI are in circulation out of a maximum of 36,666 (97.9%).
- What is the all-time high price of YFI?
- $90,787 (11 May 2021). This is a historical value, not the current price. The price is now $2,021, 97.8% below the high.
Launchpools with YFI
There have been no launchpools with YFI