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.


yEarn Update - Grants, Andre's Involvement and New Strategies!

19 minutes ago 2 minute read 0 comments GabrielHaines

yEarn continues to be one of the top communities in the DeFi space, and we want to check in to see what they’re up to. GRANTS September Grant recipients can be found here and in the interest of full disclosure, I got 1,000 yUSD from yEarn for educati...

5 Easy Steps To Becoming A Skilled Bitcoin Trader

20 hours ago 2 minute read 0 comments Rollerkid

  Covid-19 not only leaves infected patients with debilities but also brings on a deep recession to the world. Locked down and lay-off are the wake-up calls that tell us having more than one source of income is always better. Among a wide range o...

Communicational Opening of Liquidity Providers

28 Oct 2020 1 minute read 3 comments alquimista1501

Liquidity attracts more liquidity. Basically this is the main concept that is derived from the work of returns. Yield Farming has some interesting numbers associated with it that make it a very attractive operation for level investors. Expectations w...

Yearn.finance (YFI) Could Surge 20%+ as Technical Outlook Strengthens | NewsBTC

26 Oct 2020 1 minute read 5 comments BLOCKCHAIN BRAIN

He//o World... Welcome to Blockchain Announcements! Cole Petersen, one of serious cryptocurrency analyst, a few hours ago shared with us two minutes long article on the NewsBTC portal where he says this: Yearn.finance’s YFI governance token has foun...

Ethereum in an Extensive Economic Growth | Ethereum transacts two times more value than Bitcoin daily

24 Oct 2020 1 minute read 1 comment Behiver

Many would say to invest in Bitcoin, that it is the GOLD of Cryptocurrencies, but I would say to invest in Ethereum. It is my cryptocurrency of choice due to its innovation and drive of the financial world. And the third quarter economics from 2020 c...

DFI.Money (YFII) Again Rejected By Strong Resistance | Was It A Bull Trap ???

24 Oct 2020 2 minute read 1 comment moon333

Hey friends, hope you are well and welcome to the new update on the YFII token. In this video you will watch how:   Previously the price action broke down the support of the pennant on the daily chart. But in the very next candlestick, we can observ...

DeFi Unlocked: How to Earn Crypto Investment Income on yearn.finance.

23 Oct 2020 6 minute read 0 comments Rollerkid

  As the decentralized finance (DeFi) landscape continues to grow, capital inflows are on the rise, suggesting that - despite some bubble attributes - DeFi might remain a part of the digital asset markets in the years to come. In our DeFi Unlocked s...

Try to Understand and not be DeFinformed

20 Oct 2020 1 minute read 1 comment alquimista1501

The DeFi have not had a good performance lately and their constant loss has made them forget a bit of that stimulus that was attached to them as a way to unchain that dependence that we have on Bitcoin. Currently the DeFi have had a correction of mor...

Quick trade on YFI/USDT: inverted Head and Shoulders AHEAD

19 Oct 2020 1 minute read 0 comments toofasteddie

Long time since I posted my last call on any trading set-up.Obviously, since then, not so many chances have appeared because BITCOIN has been moving hesitant but, in my opinion, I think most of the altcoins have touched the bottom lately and perhaps...

Earn YFI With Yearn Finance

19 Oct 2020 4 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 o...