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.


New DeFi Token YFI Looking at Yields of 1000% APY

22 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Newly formed DeFi platform yEarn launched its token YFI on July 17 - and yields are currently standing at 1000%. The protocol has seen a total locked in value of over $480 million with the YFI token rising by 80 times, reaching as high as $2,324. It...

How to Farm with $1,000,000,000 and earn 12%: Yearn Millennium Challenge

19 Nov 2021 1 minute read 0 comments YJN58

You can find the detailed strategy along with simulation in the link below. If you like / don't the strategy feel free to comment / criticise / correct in the forum.  Yearn Millennium Challenge Proposal

My (Almost) Big BTCST Mistake

29 Jul 2021 5 minute read 1 comment Feax21

I have the very strong impression in my mind that [PVMihalache] in one of his numerous articles in his blog [Mind Puzzle], described his experience of losing his tokens while he was about to take his son from the school after sending them to the con...

Yearn.finance’s YFI Token Joining the party

12 May 2021 1 minute read 0 comments ModernEuler

Digital asset management platform's YFI token has gaining strength recently. YFI token has crossed 50 day EMA so what is next? Here is my analyisis on BNB pair.  

YFI On Track For Collapse

30 Sep 2020 1 minute read 0 comments doyouminecrypto

  Hello!       It has hit the bearish points I am watching. It would need to break the neckline with uptick in volume to confirm the head and shoulders reversal pattern.Make sure to check the linked post for my original targets.Thanks for reading an...

YFI Might Be Topped Out

29 Sep 2020 1 minute read 0 comments doyouminecrypto

  Watching this one closely. A short might just be in order soon.   There is a head and shoulders forming on the YFI/USDT charts and it would be a rude decline if it completes. I have the levels I'm watching for all marked out on the chart. Bearish...

Introducing DefiGold Airdrop (DFGL) in the Crypto World! What is DeFiGold?

14 Oct 2020 1 minute read 0 comments 0ziz

🚀 Airdrop: DefiGold Airdrop (DFGL) 🎁 Reward: 0.15 DFGL (≈$3) 🗣 Referral: 0.1 DFGL (≈$2) 🔘 Rate: (4/5) ⭐️⭐️⭐️⭐️ Note: Airdrop distribution tomorrow 👉  Start Bot Here ✔️ Join Airdrop ✔️  Start bot and complete social media tasks ✔️  Submit ET...

Yearn Finance Money (YFIM) Airdrop! Rate 5/5 Reward 0.004 YFIM ($6)

25 Oct 2020 1 minute read 0 comments Airdrop Dedective

🚀 Yearn Finance Money (YFIM) Airdrop 🎁 Reward: 0.004 YFIM (~$6) 🗣 Ref: 0.002 YFIM (~$3) 🔘 Rate: ⭐️ ⭐️⭐️⭐️⭐️   👉 Start Bot Here ✔️ Join Telegram Channel and Group ✔️ Follow Twitter and retweet pinned post ✔️  Submit ERC20 Address ✔️ Done   Y...