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.


My Publish0x earnings - November

2 Dec 2020 1 minute read 26 comments Permabull

First, I would like to say thank you to all my readers for keeping up with me. I honestly have no idea why but I'll work hard to improve my writing style so the articles are less painful to read. I've realized that without you, I wouldn't make any ea...

Argentina update - 27 Bitcoins traded last week

28 Nov 2020 1 minute read 7 comments Permabull

Checking last week's statistics, 27 BTC were traded in Argentina on LocalBitcoins. The figure is a bit down from one week ago - 30 Bitcoins. 27 BTC is about 70,000,000 Argentine Pesos. One Bitcoin (BTC) is currently about 3,000,000 Pesos - at LocalB...

Polkadot X Ethereum - Giant fight

13 Nov 2020 1 minute read 2 comments Coincobra

Polkadot      Market Rank - 9 Price today (13/11/2020) - $4,45 USDMarket Cap - $3.907.171.844 USDVolume (24h) - $345.006.116 USDCirculating Supply - 877.539.162 DOTTotal Supply - 1.012.344.574 DOT Ethereum Market Rank - 2 Price today (13/11/2020) -...

What is this Bitcoin thingy? 11 Key Bitcoin Features

22 Nov 2020 2 minute read 0 comments Permabull

Seeing the dollar value of Bitcoin getting up this quickly means there are lots of newcomers in the crypto space, especially in the first crypto currency - Bitcoin. I would like to point to a few important features of Bitcoin that would hopefully hel...

Another Major Collaboration for Yearn, This Time with Akropolis

2 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

Yearn.finance (YFI) and Akropolis (AKRO) will collaborate and share development resources to bolster their respective development agendas, according to a blog post published on Nov. 30. Akropolis will gain access to Yearn, Pickle, and Cream products...

How to build a mining rig to mine crypto [GUIDE]

12 Nov 2020 8 minute read 5 comments Roberto D.

We are in a "particular" historical moment: of global crisis, pandemic and in a generally unstable political and social environment, cryptocurrencies have shown considerable solidity. Furthermore, the pandemic-induced economic recession has actually...

Ethereum exceeded $ 500 for the first time since 2018: main catalysts for ETH growth

20 Nov 2020 1 minute read 1 comment World Crypto

For the first time since July 2018 the price of Ethereum (ETH) on Binance has reached $500. It is noteworthy that just two days ago the rate of the main altoin fell to $456, and at the beginning of the month ETH traded at $370. So, in two days Ethere...

YFI Breaks Out — Will YFII Follow Suit? - (TA - 19th of November)

19 Nov 2020 1 minute read 0 comments pheonixdown-dee

The prices of both Yearn.Finance (YFI) and DFI.Money (YFII) have been increasing since Nov 5. While the former has already flipped an important resistance area, the latter is still struggling to break out. YFII Trading Range Since Oct 7, the YFII...

🚀🚀🚀 Institutions are ditching Gold ETFs for Bitcoin - JPMorgan 🚀🚀🚀

9 Nov 2020 1 minute read 0 comments Permabull

JPMorgan, the $316 billion investment banking giant is turning very bullish on Bitcoin. Their opinion went from negative in 2017 to very optimistic in 2020. Back in 2017, JPMorgan Chase CEO Jamie Dimon did not mince words when asked about the popular...

Video Resources for Bitcoin Beginners

16 Nov 2020 2 minute read 2 comments Permabull

Yesterday was the DAY! The day I broke my boomer dad and finally OrangePilled him completely. It wasn't easy road at all. I've tried a few times with not much of success in the past. Except, getting him to sign up to Coinbase and earn some extra coin...