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 Finance Founder Says He Would Like to Be Uniswap Delegate

21 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Yearn Finance (YFI) founder Andre Cronje has revealed his desire to act as a Uniswap delegate, tweeting on September 19 about the motivation and plans were he to become one. Cronje said that he had no intention of proposing a YFI-ETH liquidity pool...

Episode #13 - Discover Vaults of Yearn.Finance, DeFi Money Maker, and Mooniswap

21 Sep 2020 1 minute read 0 comments Chesatochi

#amm #mooniswap #crypto #defi Right now is the era of DeFi in the crypto sphere. Come discover on this video the automated money maker Mooniswap. Mooniswap website: https://mooniswap.info/home ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Crypto TIP ME & My Social...

Zapper & yearn- How to use them together & simplify yield farming - Tutorial

21 Sep 2020 1 minute read 3 comments Cryptosetups

In this video I introduce you to Zapper, I show you what a powerful tool it can be to simplify Defi use on ethereum. I take you through how you can user Zapper to jump into the various vaults available on yearn finance, at the same time introducing...

Chesatochi Newsletter #07 - Discover Yearn.Finance, DMM, and Mooniswap

20 Sep 2020 1 minute read 0 comments Chesatochi

Come read my latest newsletter and discover significant projects in the crypto sphere. At the same time, you can, subscribe and stay in touch with my crypto content by email. A great way to save your valuable time. Newsletter #07 link: https://chesat...

Yearn.Finance – Your Best Friend for Making the Most with DeFi

18 Sep 2020 1 minute read 0 comments Chesatochi

You might have heard that yield farming is a hot trend in the crypto sphere at the moment. What is even greater, now you can do it automatically with Yearn.Finance. Come read it in my latest article! Article link: https://chesatochi.com/yearn-finance...

Coinbase Lists yearn.finance (YFI) and Loopring (LRC)

18 Sep 2020 1 minute read 3 comments Abhimanyu Krishnan

Coinbase has listed DeFi governance token YFI and Loopring (LRC), according to an announcement made on September 17. The YFI and LRC tokens will be available on Coinbase’s retail platform, including the Android and iOS apps Tokens will be available...

5 Most Important DeFi Breakthroughs of Q3 2020

17 Sep 2020 8 minute read 9 comments yourmitchy

DeFi continues to grow at an unprecedented pace, and its very difficult to keep up with the crucial breakthroughs occurring. As a result, I wanted to weed out the most important breakthroughs that we have witnessed in Q3 that are bound to take the en...

Tokens cost 4 times more than Bitcoin

17 Sep 2020 1 minute read 0 comments Sykt

You are all aware of Bitcoin. Can't wait to tell you more about Bitcoin. Bitcoin is like an invisible precious metal. The current price of Bitcoin almost 11000$. Many of you may not be aware that cryptocurrencies are available in the online market a...

CC104 - Generate Around 30%-90% APR with Vaults from Yearn.Finance

15 Sep 2020 1 minute read 0 comments Chesatochi

#yearn.finance #crypto #defi #vaults Do you want to be part of the yield farming revolution on autopilot? Come check my video of the section of the vaults of Yearn.Finance where you can generate between 30%-90% annually. A great opportunity if you h...

Episode #12 - Yearn.Finance, Super Crypto Kart, Just

13 Sep 2020 1 minute read 0 comments Chesatochi

Wow, already 3 months I have started this podcast, and time flies so fast. In this episode, I discuss Yearn.Finance, Super Crypto Kart, and Just DAPP on Tron. Come listen and to know more about them! Podcast link: https://anchor.fm/chesatochi/episode...