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.


💰 Top 3 Auto-Compounding Vaults That Actually Pay (2025 Edition)

22 Apr 2025 2 minute read 0 comments Jovial_David

You’ve heard the buzz: auto-compounding vaults are the future of passive income in DeFi. But with so many options out there, how do you choose the right one that actually delivers? In this post, we’ll cover the top 3 vaults that stand out in 2025 for...

Mind-Blowing Repetitive Move Of yearn.finance (YFI) Crypto Coin

16 Sep 2024 2 minute read 0 comments moon333

In today's update, we delve into the recent movements and patterns of the YFI token on a 7-day time frame chart. Let's break down the key developments and what they could mean for the future of YFI. Recent Price Movements and Chart Patterns Over the...

Mind-Blowing Repetitive Move Of yearn.finance (YFI) Crypto Coin

30 Aug 2024 2 minute read 0 comments moon333

Introduction Hello, everyone! Welcome to the latest update on the YFI token. In my previous videos & articles, I discussed the YFI token’s interaction with various chart patterns. Today, we’ll revisit the falling wedge pattern and analyze recent dev...

yearn.finance (YFI) Crypto Coin Breaks Out!

25 Aug 2024 1 minute read 0 comments moon333

Introduction Welcome to the latest update on YFI Token. In previous videos, we discussed how YFI Token has been breaking out of various patterns, and now it’s showing promising signs inside another bullish pattern. In this update, we’ll take a closer...

Where yearn.finance (YFI) Crypto Coin Is Headed After The Breakout! | 3rd July, 2024

3 Jul 2024 1 minute read 0 comments moon333

  Introduction Hey friends, I hope you're well. Welcome to the latest update on the YFI token. In my earlier videos, I discussed how YFI had recently formed another falling wedge pattern, which is considered a bullish pattern. I suggested that there...

curve or why (not) earn on stables

18 Dec 2023 1 minute read 0 comments ahinga

with curve, suddenly new options become apparent... it do not remember exactly when they launched, i believe it was shortly after balancer mid 2020. the ui looked like a desktop from the 90s and was somehow hard for me to fully understand. but thei...

How To Earn YFI with Yearn Finance?

27 Nov 2023 3 minute read 1 comment Guarda Wallet

This text is written for information purposes only and never constitutes a call to action. All financial transactions carried out by you are made at your own risk. The Guarda editorial staff reminds you of the riskiness of all kinds of speculation on...

Market Weekly Insider: Too Bullish? Your Right... ~Optimize Your Wealth~

21 Oct 2023 2 minute read 0 comments F Sharp

Overall Markets Let's start with the fact that it's been a while since the market has had a good opportunity for swing trades and spot purchasing. My previous post was about how we will not be reaching higher prices. In fact, the DOW JONES topped sin...

Funniest crypto June 1st

2 Jun 2023 2 minute read 8 comments Dave Sawyer

Cryptonauts we love you!! Thanks for hooking up to ride for laughs for a better crypto future!!  What do we get for crypto funnies today? Here's one- CZ says Binance has a wall street like program of laying off non performers all the time!!  Called "...

What is Yearn Finance?

26 Mar 2023 4 minute read 2 comments MintDice.com

Yearn Finance has emerged as a leading player in the rapidly evolving world of decentralized finance (DeFi), providing users with a suite of innovative products designed to simplify yield farming and lending experiences. As the DeFi landscape contin...