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.


$YFI, $YFII & $YFV - What are These and How They Differ?

25 Aug 2020 4 minute read 5 comments Adamic0

It's hard to catch up with DeFi these days.  I know. There are new projects that pop up every day, and it is becoming difficult to recognize what has a potential future and what is just a fly-by-night launch. Not so long ago, it was just Compound and...

With More than 50% Voting Power, Curve's Founder Promises to Hold Back on Voting

24 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

The Curve Finance (CRV) project has come under scrutiny for the fact that founder and CEO Michael Egorov holds roughly 60% of the network’s voting power - a conscious choice to prevent other larger holders from controlling the network. YFI co-founder...

Bitcoin (BTC) Price Cheaper Compared To DeFi Yearn.Finance (YFI) Token!

21 Aug 2020 1 minute read 0 comments LinkStar

  The DeFi market is booming regardless of the YAM incident. One of the DeFi tokens yearn.finance (YFI) has a value more than that of Bitcoin (BTC). A single token price is now above $14,000 as compared to Bitcoin's $11,800 USD as per Coingecko data...

How to Buy YFI? The First Altcoin to Flip Bitcoin’s Price Convincingly [Post #1 of 90]

20 Aug 2020 4 minute read 22 comments Nek1d

Here’s the first of my 90-days challenge posts and it seemed only logical to talk about YFI - the altcoin that took everyone by surprise. If someone tells you they’re riding this from the beginning intentionally, they’re likely to be lying.  Now, I’m...

YFI Token Hits All-Time High of $12,800

19 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Yearn Finance’s YFI token hit an all-time high of $12,821 on August 19, jumping over 30,000% in a span of 30 days. YFI hit the all-time high value early on August 19; market cap is currently $329.4 million Yearn Finance is a multi-faceted DeFi platf...

Episode 159: ChainLink Dumped 20% in 1 Minute, Whats Next?

18 Aug 2020 1 minute read 0 comments NewCreationCapital

video:   audio:   Join The New Creation Cronies Telegram Group In Episode 159: ChainLink Dumped 20% in 1 Minute, Whats Next?   This is the story of the day. Chainlink Up Nearly 1,000% Since ‘Black Thursday’ Crash https://assetdash.com/ Story...

Yearn.Finance Announces Tokenized Insurance Platform Yinsure

18 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 17, yield farming platform Yearn.Finance unveiled a new tokenized insurance platform called Yinsure, “a prototype for a new kind of tokenized insurance.” Platform has 3 core components: insurer vaults, insured vaults and claim governance L...

🔥What Is $YFI (up 251% /7 days)? And The Value Of Yearn.finance?

30 Jul 2020 3 minute read 1 comment Dapp.com

$YFI, the token of yearn.finance, price went up from $34 to $4,915 (ATH). Up 251% in the past 7 days. 18th July, a DeFi yield aggregator yearn.finance released its token $YFI. As mentioned by the team, there is no pre-mine, no sale of $YFI. Even for...

Yearn.Finance Token Raises 11,000% In A Few Days!

29 Jul 2020 1 minute read 0 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

After the explosion and the subsequent DeFi crisis, Ethereum and Bitcoin finally broke their resistances. With BTC having flown over $ 11,000 and Ether trading at $ 320.In general, large market capitalization cryptocurrencies are experiencing huge in...

Episode 127: Yearn.Finance (YFI) Surged 10,000% in 7 Day

27 Jul 2020 1 minute read 0 comments NewCreationCapital

video: audio: Join The New Creation Cronies Telegram Group In Episode 127: Episode 127: Yearn.Finance (YFI) Surged 10,000% in 7 Day  This is the story of the day.   Story Related Links: Deutsche Telekom's T-Systems Is Now a Chainlink Node Operator...