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.


Bitcoin + Ethreum = Wrapped Bitcoin

25 Nov 2020 1 minute read 1 comment Coincobra

Wrapped Bitcoin is Ethereum's Bitcoin. In fact wBTC is the largest tokenized ERC-20 asset that is currently traded on the Ethereum blockchain. Therefore, it is the version of the BTC in Ethereum in the DeFi ecosystem. This Token is already listed on...

Bitcoin's dead.🤪 AGAIN! 🤣🤣🤣

25 Nov 2020 1 minute read 7 comments Permabull

Bitcoin died already hundreds of times and I just recently read about the last death. Sad story, lol. I honestly don't understand why people even bother to say something like this. Their words will age like a milk. Done a quick research and here's th...

Altcoins Pumping While Bitcoin and Ether Take a Break

21 hours ago 1 minute read 0 comments AlucardLife

We've seen sideways movement from both bitcoin and ether in the past few days. What I've also seen is a great deal of upward movement in my smaller altcoin portfolio. This actually happened last week as well. However, last week I missed out on some o...

List of Non KYC Bitcoin Exchanges

20 Nov 2020 1 minute read 16 comments Permabull

Have been recently asked how to get Bitcoin without going through all the check, many exchanges do. Yeah, talking about the lovely KYC aka Know Your Customer. It is something the regulators are pushing for and some exchanges go overboard just to keep...

📈🪙YFI. DEFI 🪙📈

29 Nov 2020 1 minute read 0 comments MISSSUAREZ

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming. It's easy for young investors because interact in a less committal manner than serious traders....

Tether x Ethereum

23 Nov 2020 1 minute read 6 comments Coincobra

  Tether                                                              EthereumMarket Cap - $18.494.336.407  USD               Market Cap - $67.354.611.688 USD Recently, some websites and experts have said that Tether will soon be overcome in market c...

Yearn Finance and Cream Finance Partnership

26 Nov 2020 1 minute read 0 comments bingoce

The developers behind Yearn and Cream have collaborated to launch Cream v2. Cream v2 will focus on lending and leverage products. The merger will be the bedrock for future collaborations between the two teams. There are already plans to integrate the...

The DeFi Stack - Layers overview and served purpose

26 Nov 2020 2 minute read 2 comments Behiver

The DeFi Stack brings together all the DeFi instruments layered one over the other and is one piece of information that each cryptocurrency enthusiast, investor or interested reader should know about it. It gives us all the apps from the DeFi space a...

50 followers thank you very much !!!!

11 hours ago 1 minute read 2 comments tony80

  Thank you very much to all my followers of the Cryptos & more channel, we are already 50, I am very happy that you follow my channel, and I hope thatevery day you join more, I always read your comments and try to answer you all.     I will try to...

Best Bitcoin memes to celebrate the recent Number GO UP

18 Nov 2020 1 minute read 20 comments Permabull

Just wanted to share a few funny Bitcoin and crypto memes I came across over the time. Hope you'll like and use them. Due to the price shooting up that fast I guess we should start with this one.   Many people complained they didn't buy before the l...