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.


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...

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...

DEXTOKEN LEARNING AND EARNING

18 Oct 2020 1 minute read 0 comments Coincobra

    What is Dextoken (DEXG) ? It is a protocol that implements the DeFi ecosystem, still under construction, with the speculative tool AMM. AUTOMATED MARKET MAKER. What is AMM? It is a speculative tool that automatically evaluates and determines th...

YFI Founder Explains Development Ethos in Blog Post, Says He Doesn't Build for Speculators

16 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

On October 15, yearn.finance founder Andre Cronje published a lengthy blog post describing his motivation for developing DeFi projects, in response to the controversy arising from the Eminence.finance project.  Cronje’s stated that he wanted to star...

YFI Price Analysis 16 October 2020

16 Oct 2020 1 minute read 0 comments Suryakantdalai

Remember to read the date of this post carefully. In this post, you will get the live price of daily YFI. We also provide you with the YFI's market capitalization, weekly, monthly value, trading volume, peak and lowest prices and trading volume. We a...

Maker Governance Community Votes to Add BAL and YFI as Collateral

15 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

The Maker governance community is all set to vote on the addition of Balancer (BAL) and yearn.finance (YFI) as collateral for generating stablecoin DAI, according to a blog post published on October 12. The Maker team has added proposals for the add...

Gas Price: how to spend less on Ethereum transactions

13 Oct 2020 3 minute read 29 comments Roberto D.

The price of Ethereum is closely linked to the cost of transactions. Starting from the price of ether, understanding where transaction costs come from and how to save becomes essential, not only to carry out low-cost transactions but also to understa...

YFI Price Analysis 13 October 2020

13 Oct 2020 1 minute read 1 comment Suryakantdalai

Remember to read the date of this post carefully. In this post, you will get the live price of daily YFI. We also provide you with the YFI's market capitalization, weekly, monthly value, trading volume, peak and lowest prices and trading volume. We a...