Yearn Finance is a protocol that allows DeFi to be used for various purposes, including lending, earning interest and trading. Immediately after its launch, the project caused a stir, and now the amount of money invested in the token is growing at an average of 10% daily. Keep reading StealthEX article to learn more about Yearn Finance coin.
What Is YFI Crypto?
YFI is an ERC20 token used to manage protocols within the Yearn Finance platform. By interacting with the protocols, it is possible to generate revenue in YFI.
YFI allows users to take part in protocol management. YFI can be earned by interacting with the ecosystem and is also traded on some exchanges. The maximum YFI issue is 30,000, there has been no pre-mining or ICO.
This modern cryptocurrency has primary benefits:
- Governance. By owning YFI tokens, users can vote on proposals to improve the Yearn protocol. By voting, everyone helps improve this project.
- YFI is a valuable, high-risk, and speculative cryptocurrency. It is liquid and can be traded on trustworthy decentralized and centralized exchanges.
- The right to receive a portion of the profits. When you stake YFI on a voting platform, you earn a percentage of the commissions the protocol charges for using Yearn Finance products.
- YFI tokens are distributed to users only. YFI can be compared to a pool. When users deposit or withdraw funds from this pool, a smart contract checks the annual interest rate. It acts as an oracle, but only within the network.
- It normalizes information on the web like a robot seeking maximum profitability. It’s all automated with smart contracts. Every time users interact with the network, the APR oracle asks where to direct funds to get the best rate.
Yearn Finance Infrastructure
The Yearn Finance platform is an entire ecosystem of several platforms:
- Yswap Exchange. An exchange platform through which you can deposit funds into different protocols and move from one to another.
- iBorrow.finance. The ability to tokenize your loan with Aave and apply it for use in DeFi protocols.
- Yinsure Finance. An insurance service where users can insure their assets by paying a small percentage. Liquidity providers become insurers.
Yearn.Finance Future Prospects
Recently, YFI founders made a significant update by launching a beta version of the UI v3. It includes lots of essential benefits, such as:
- Each transaction through the interface, including zaps in and out of vaults, is simulated via Tenderly, allowing users to keep track of the received coins. This feature protects everyone from mysteriously failing transactions.
- A Wallet page allows users to zap into vaults or supply to Iron Bank with almost any cryptocurrency they have.
- A Vault detail page demonstrates historical vault earnings, underlying coin details, and strategy descriptions.
- An advanced “Labs” section will become a useful feature for more experimental vaults.
By improving v3, project owners will broaden ways to use YFI and make this platform more useful in general.
Yearn Finance Price Prediction
With the development of Yearn Finance, the YFI coin price increases. According to The Economy Forecast Agency, it will cost over $52K at the end of 2025. A WalletInvestor team has an even more positive YFI crypto price prediction, believing it will be over $100K by the same time.
After all, the project will definitely contribute significantly to the development of DeFi technology in general. At the moment, participants find significant benefits in working with the protocol with rather low risks. The rapid development and liquidity growth of the project are ensured, which increases the Yearn Finance coin price and makes this token a profitable digital asset for investors.
Where To Buy YFI Coin?
Buying YFI coins is easy with StealthEX. This non-custodial exchange provides access to secure transactions with no need to enter too many details. Select from over 400 cryptocurrencies to buy YFI crypto with no hidden fees and complete your transaction in minutes.
Just go to StealthEX exchange and follow these easy steps:
- Choose the pair and the amount for your exchange. For example, BTC to YFI coin.
- Press the “Start exchange” button.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the exchange.
- Receive your coins!
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.