Latest Posts with Yearn Finance (YFI) tag

Yearn Finance (YFI)

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YFI is the governance token behind the platform Yearn.Finance, which opened its doors in mid-May by Andre Cronje. It is an ERC-20 token that is built on top of the Ethereum blockchain.  The YFI token itself was launched on July 17th, 2020, and it was considered to be a completely fair launch with zero pre-mine, founders fee, or pre-sale, or investors. 

The Yearn Finance platform was single-handedly developed by Cronje himself as he was frustrated with the manual work behind finding the best yields inside the DeFi Sector. At the time, Cronje was managing his family’s wealth by depositing the funds onto lending platforms in the hunt for the best returns. The frustration came when Cronje would have to manually switch between lending platforms as the APR value changed. With each switch, Cronje was forced to pay for increasing GAS transaction fees.

As a result, Cronje created Yearn Finance, a liquidity aggregator that provides an automated yield farming strategy that actively searches for the highest yields on lending platforms such as Aave or Compound. Initially, the platform was coded just for his own use, but as Andre could not handle the financial side of the project himself, he released it to the wider public.

With the launch of the YFI token, the community is now in control of which direction Yearn Finance will head toward as they use the token for voting on governance proposals. The ‘fair launch’ saw many liquidity providers scrambling to deposit liquidity into the allocated pools to farm and earn YFI as a reward. This distribution method meant that everybody had an equal ground to be able to get their hands on YFI tokens. 

In this tag, you can discover Yearn Finance (YFI) news, price prediction, opinion, and analysis created by users. drops free NFT for loyal users - are you one of them?

30 Jul 2021 1 minute read 2 comments Tjark

Have you used in the last year? Then you might be eligible for one or even more of their birthday presents to the community.   A Thank You to the Community They have collaborated up with @ZemmNFT to release a series of 7 unique NFT. Whi...

What Is Yearn.Finance and How to Buy YFI?

9 Jul 2021 4 minute read 0 comments SwapSpace

What Is YFI Token? Yearn.Finance is a decentralized finance (DeFi) yield farming project with the goal of making it easier for users to obtain the highest possible yields with their crypto-assets. The project automatically distributes users’ assets i...

DeFi Portfolio Update 3Q2021

3 Jul 2021 4 minute read 3 comments

Summary: Holdings are now HNT, CELO, AAVE, UNI, CRV, MKR, FLX, YFI - on a roughly even split. I sold all FARM that I had been holding for six months, and instead took a position in Yearn Finance (YFI). I'm earning HNT from a hotspot I have and t...

Liquidity Pools Explained

19 Jun 2021 1 minute read 4 comments Defiant Pathfinder

Liquidity Pool is when money is deposited and locked up in Pools for the sake of earning reward and these rewards come from trading fees that happen in that pool. How Does Liquidity Pools Work When investors have their crypto assets in the liquidity...

Alts to watch! 6/14

14 Jun 2021 1 minute read 3 comments F Sharp

  So I keep coins on my emergency watch list I call & hold, from that list. Also, keep in mind this is also for short term trading in some circumstances waiting to sell at a higher price maybe more profitable.   Coins with momentum to watch!!! Take s...


11 Jun 2021 2 minute read 0 comments RitabeII

StaFi, Staking Finance is a finance synchronized blockchain that solely concentrates on liquidity of locked assets for a period of time now. We have about five of such PoS projects which have been set-up including StaFi. However to achieve all round...

StealthEX Interview With Facu Ameal, Yearn.Finance PM for Vaults and Strategies

4 Jun 2021 1 minute read 0 comments StealthEX

Welcome to the StealthEX series of interviews with crypto enthusiasts. Today our guest is Facu Ameal, Yearn.Finance PM for Vaults and Strategies. Yearn.Finance is an aggregator service for DeFi investors, using automation to maximize Yield Farming pr...

Yearn Finance Vaults Explained

2 Jun 2021 3 minute read 3 comments RelyOnCrypto

Before we get started, if you're new to Yearn Finance and need a recap, check out my previous article here.   Yearn vaults are funds that are pooled together with a plan for maximizing the value of the asset in the vault. Vault strategies are more ac...

Top 3 Decentralized Finance Tokens to invest In

18 May 2021 1 minute read 0 comments Defiant Pathfinder

I have done a short research on a few DeFi token on my portfolio list so as to see which one are the most promising. I will try to be short and precise in this article so that i wont waste much of you precious time. For those who have been my followe...

BTC, ETH, XRP, YFI, XMR, NEAR, SXP—Technical Analysis May 18

18 May 2021 2 minute read 5 comments pheonixdown-dee

Bitcoin (BTC) has bounced at the support line of an ascending parallel channel. Ethereum (ETH) is approaching the top of its bullish impulse. XRP (XRP) has potentially just begun the fifth and final wave of its bullish impulse. Yearn Finance (YFI) ha...