yearn.finance simplifies DeFi investing with user-friendly tools for optimized cryptocurrency earnings. More
| Fully Diluted Valuation | $202.96M |
|---|---|
| 24H Trading Volume | $23.01M |
| 24H Low / High | $5.24 K / $ 5.54 K |
| Circulating Supply | 33.80 K |
| Total Supply | 36.67 K |
| Max Supply | 36.67 K |
| Categories | Blockchain Capital Portfolio 19 more |
|---|---|
| Founder | Andre Cronje |
| Website | yearn.fi |
| Socials | 6 more |
| Chains | Ethereum Ecosystem 12 more |
| Explorer | Nearblocks 9 more |
| Contracts |
0x0bc....ad93e
12 more
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| Name | Pair | OG Score |
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yearn.finance, launched in 2020, is a trailblazing project in the Decentralized Finance (DeFi) landscape, offering a suite of financial products designed to optimize cryptocurrency earnings. Founded by Andre Cronje, this platform is particularly renowned for its user-friendly approach, catering to those who are not deeply technical but still wish to participate in the expanding DeFi space. Its key offerings include yVaults, Earn, Iron Bank, and the unique Zap feature, all operating on the Ethereum and Fantom blockchains.
yVaults, yearn.finance's most complex product, resembles actively managed mutual funds. Users deposit crypto assets into these vaults, which then employ up to 20 different strategies per vault to maximize returns, akin to yield farming. These vaults charge a performance fee and a management fee but offer cost benefits through features like auto-compounding. The Iron Bank serves as a lending service, providing both overcollateralized and zero-collateral loans, while the APY function offers a comprehensive view of potential earnings from various lending protocols.
Significantly, yearn.finance is governed by its native token, YFI, which allows holders to vote on platform proposals, ensuring a democratic approach to its evolution. Since its inception, the platform has shown remarkable growth, attracting almost $800 million in assets in its first month. This success underscores yearn.finance's commitment to simplifying DeFi investments, while providing efficient and cost-effective solutions for lending, trading, and yield generation in the cryptocurrency realm.
Yearn.finance (YFI) stands out in the DeFi space for its approach to yield aggregation on the Ethereum blockchain. It simplifies DeFi investment, reducing transaction fees and risks for users through its core products like Vaults and Earn. Yearn.finance's strategy focuses on security and sustainable yields, differentiating it from other yield aggregators. This unique combination of features makes it a significant player in the DeFi sector.
Yearn.finance was created by Andre Cronje. His vision and development skills have been pivotal in shaping Yearn.finance into a prominent DeFi platform.
As a community-governed project, yearn.finance didn't raise funds through traditional investors, relying instead on its early adopter community and user base.
You can buy yearn.finance (YFI) on Binance, Gate.io, Bybit, BitgetMEXC cryptocurrency exchanges.
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Yearn.finance (YFI) is not mineable. The YFI token operates as a governance token for the Yearn.finance ecosystem, and its distribution is not based on a mining process.
There may be different staking options available such as to participate in DAOs, decentralized governance and for revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of yearn.finance (YFI) is ($33,800), max supply of yearn.finance YFI is ($36,666) and the market cap of yearn.finance YFI is ($187,096,836).
What is the yearn.finance (YFI) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of yearn.finance (YFI) is $5,538. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether yearn.finance (YFI) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (yearn.finance YFI) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does yearn.finance (YFI) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether yearn.finance (YFI) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
