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.


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...

CIVIC TOKEN

10 Nov 2020 1 minute read 7 comments Coincobra

Cripto Civic is a wallet that has developed a system to protect and securely store your personal data and your Cryptocurrencies.In the year it was launched - 2017. It sold $ 33 million in tokens. Reaching, in the same year, approximately US $ 1 per...

Bitcoin turns 12, happy birthday!

1 Nov 2020 2 minute read 4 comments Roberto D.

It has been 12 years since, on 31 October 2008, Satoshi Nakamoto published the famous manifesto (whitepaper) in which he spoke of a new completely electronic money. It was the beginning of Bitcoin. The first block was generated on January 3, 2009, wh...

Argentina update - 35 Bitcoins traded last week

13 Nov 2020 1 minute read 2 comments Permabull

Checking last week's statistics, 35 BTC were traded in Argentina on LocalBitcoins. The figure is a bit down up one week ago - 33 Bitcoins. Last time the weekly volume was this high in Argentina was back in June 2016. 35 BTC is about 77,000,000 Arge...

Three, Must Watch Bitcoin Documentaries

13 Nov 2020 1 minute read 4 comments Permabull

Right, reached today 200 followers and wanted to share something incredible to celebrate the milestone. And because the weekend is quickly approaching, watching Bitcoin related videos is the best way to go.   1. Banking On Bitcoin One of my favourite...

I love it that the total supply is more prominent now on coinmarketcap

19 Nov 2020 1 minute read 0 comments karinxxl

Maybe this has been here a long time already and I have missed it in total over the last period of time, or maybe this is a new feature implemented in the coinmarketcap stats. Either way, I really like it. When you open Coinmarketcap and you hoover o...

ADX Farming: 2 million $ADX Yield for Liquidity Providing on Uniswap and Balancer

19 Nov 2020 3 minute read 0 comments dmngdsm

We are delighted to announce a new ADX incentive program (a.k.a farm) for liquidity providers: over 2 million ADX will be distributed to people who supply liquidity on the Balancer ADX/yUDS pool, Uniswap ADX/ETH pool and other community requested poo...

YFI Breaks Out — Will YFII Follow Suit? - (TA - 19th of November)

19 Nov 2020 1 minute read 0 comments pheonixdown-dee

The prices of both Yearn.Finance (YFI) and DFI.Money (YFII) have been increasing since Nov 5. While the former has already flipped an important resistance area, the latter is still struggling to break out. YFII Trading Range Since Oct 7, the YFII...

Is DFI.Money (YFII) Is Going To $1 ??? | Warning !!! YFII Has Broken Down All Supports

8 Oct 2020 1 minute read 4 comments moon333

Hey, friends hope you are well and welcome the new update on DFI.Money token. In this video you will watch how:  On a small time period, 4-hour chart the priceline of the YFII token was moving in a descending triangle and finally broke down the supp...

USDT GO TO OVERTAKE ETHER

19 Oct 2020 1 minute read 0 comments Coincobra

Hello 🤑 Recently, some websites and experts have said that Tether will soon be overcome in market capitalization  by Ethereum.This means that after Bitcoin it will be the most traded in the cryptocurrency market. And the best with all the stability p...