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.


Is this Crypto Apocalypse?

26 Nov 2020 1 minute read 8 comments BLOCKCHAIN BRAIN

Everything on the market is down. It's like a big explosion happened in the base. 20% and it's falling, only stable coins are still stable. I mean, I just wake up and saw this horror scene. I don't know what's happening but it's very strange because...

What is this Bitcoin thingy? 11 Key Bitcoin Features

22 Nov 2020 2 minute read 0 comments Permabull

Seeing the dollar value of Bitcoin getting up this quickly means there are lots of newcomers in the crypto space, especially in the first crypto currency - Bitcoin. I would like to point to a few important features of Bitcoin that would hopefully hel...

Pondering the future of personal motivation, compensation, growth and competition in the emergent society 3.0

21 Nov 2020 6 minute read 1 comment VLK

  I’ve recently been very excited about developments in crypto and DeFi. Before now I haven’t paid that much attention to the space, but I find myself enthralled. After spending some time doing research, looking into communities, and participating in...

CNBC posted a “Bitcoin Alert” and shared a nice Bitcoin segment

14 Nov 2020 1 minute read 4 comments Permabull

CNBC posted a Bitcoin Alert and had a very nice and optimistic Bitcoin segment. Haven't seen them to be this optimistic for a few years. I guess, they got some smart people telling them what's going on on the markets. I'm honestly impressed they mana...

What is Keep3r? The latest Child of Andre Cronje

2 Nov 2020 3 minute read 8 comments Chenhuang_defi

Keep3r Network is a decentralized “keeper” platform for projects that need external DevOps and for external teams to find keeper jobs. What does it mean? A “Keeper” is a person or team that executes a specific job - whether it be development or busi...

Yfi (Crypto-Pick)

22 Nov 2020 1 minute read 0 comments Goodsoul

Yfi Yearn Finance and why it is my next Crypto-Pick? Well we all saw it moon, we all saw it fall, and we all are seeing it climbing back up again. Defi has changed the world of crypto. Not a little but alot. 2020 allows you to bank from wherever yo...

Polkadot X Ethereum - Giant fight

13 Nov 2020 1 minute read 2 comments Coincobra

Polkadot      Market Rank - 9 Price today (13/11/2020) - $4,45 USDMarket Cap - $3.907.171.844 USDVolume (24h) - $345.006.116 USDCirculating Supply - 877.539.162 DOTTotal Supply - 1.012.344.574 DOT Ethereum Market Rank - 2 Price today (13/11/2020) -...

Ethereum exceeded $ 500 for the first time since 2018: main catalysts for ETH growth

20 Nov 2020 1 minute read 1 comment World Crypto

For the first time since July 2018 the price of Ethereum (ETH) on Binance has reached $500. It is noteworthy that just two days ago the rate of the main altoin fell to $456, and at the beginning of the month ETH traded at $370. So, in two days Ethere...

Crypto Analyst Expects Ethereum and DeFi to Go on a “Stupid Run” | Cole Petersen @ NewsBTC

15 Nov 2020 1 minute read 1 comment BLOCKCHAIN BRAIN

Cole Petersen, a cryptocurrency analyst published a very useful article @ NewsBTC portal saying that *The decentralized finance sector has posted massive gains throughout the past week, with all the “blue-chip” tokens seeing explosive momentum as bul...

Ethereum DeFi’s most enigmatic investor, “DegenSpartan” says this will be DeFi’s watershed moment

14 Nov 2020 1 minute read 0 comments BLOCKCHAIN BRAIN

Nick Chong, Analyst @ CryptoSlate published an interesting article where he said that *The pseudonymous investor, believed to be based in Asia, has become one of the most popular voices within the Ethereum and DeFi community, having entered this cryp...