Latest Posts with Yearn Finance (YFI) tag

Yearn Finance (YFI)

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Yearn Finance YFI Logo

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.

Raid: Shadow Legends, Beginners Guide #4

10 Oct 2020 3 minute read 0 comments PrisonedBus9641

The fourth part about Raid: Shadow Legends will show to you the various kind of champions that are in the game. I will divide them into many section that explain to you which champions you have to use in the various section of the game.   The Affinit...

🗞 Daily Crypto News, October, 10th💰

10 Oct 2020 4 minute read 2 comments Crypto_Lemon

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!       🗞 $12K Bitcoin price back on the table after BTC rallies above $11.4K On Friday Bitcoin (BTC) price finally managed to break above the symmetr...

Big Tech and its anti-competitive domains

10 Oct 2020 2 minute read 2 comments alquimista1501

The pandemic and its effects have dealt a severe blow to people's everyday life, many unexpected changes and an adaptation that makes many uncomfortable but cannot be avoided, are the hallmark of the new normal that is defined under a uniform accepta...

New price hike for cryptocurrencies

9 Oct 2020 1 minute read 8 comments PrisonedBus9641

After a bearish week for the cryptocurrency that saw them literally collapse (except for example for Bitcoin and Cosmos, they remained almost at the same price) today Friday 10th October there has been a powerful rally for all cryptocurrencies.    ...

YFI Rebounds After the EMN Drama

9 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan Andre Cronje has stayed out of public channels, after having received death threats from community members over the incident. Cronje has not tweeted since September 29. Cronje disappeared from public channels following...

YFI Price Analysis 09 October 2020

9 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...

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... (YFI) Warning !!! It Can Be 90% More Drop Before The Next Bullish Rally

7 Oct 2020 1 minute read 2 comments moon333

Hey, friends hope you are well and welcome the new update on token. In this video you will watch how:  On the daily chart, the priceline of YFI token has formed a perfect Head & Shoulder Pattern and broke down the neckline. The necklin...

what the hell is DEFI?

7 Oct 2020 5 minute read 4 comments Dzoelx

The 2017 bull run had one word making the waves –bitcoin. Sweeping into the digital asset market; bitcoin and its system offered mouth-watering opportunities to investors including flashes of a new global system. If you lived actively on the internet...

Fork Defense and Marketing Lessons

6 Oct 2020 3 minute read 0 comments jer979!!

tl;dr: It may not seem like SushiSwap has lessons for the larger world of marketing, but it just might. Back in late 2018, I had a short post called Will Crypto Protocols Go to War with each other? Ian Lee’s blog post, Fork Defense Strategies in DeFi...