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.


Best Bitcoin memes to celebrate the recent Number GO UP

18 Nov 2020 1 minute read 20 comments Permabull

Just wanted to share a few funny Bitcoin and crypto memes I came across over the time. Hope you'll like and use them. Due to the price shooting up that fast I guess we should start with this one.   Many people complained they didn't buy before the l...

Three, must watch videos to celebrate 300 followers

23 Nov 2020 1 minute read 2 comments Permabull

Just reached 300 followers and as a thank you I would like to share another three incredible videos every single person interested in crypto should watch. Before I start I want to say I honestly appreciate every single one of you, I'm so glad somebod...

The Yearn Finance project joins Akropolis

3 Dec 2020 1 minute read 0 comments Ott

This is DeFi leader's fourth merger in a week. Yearn Finance continues its big week with another partnership. As the project seems to make use of the title And ability to improve accessibility This time, the Decentralized Finance Project (DeFi) is pa...

2021 will be spectacular, Bitcoin will cross $100,000 - PlanB

11 Nov 2020 1 minute read 7 comments Permabull

PlanB recently said Bitcoin will tap $100,000 - $288,000 before the end of next year. Following the news around Bitcoin (microstraategy, Paypal, DBS, JPMorgan, Stanley Druckenmiller, etc) it feels like the smart money is moving to Bitcoin. Some of th...

Yearn Finance and Cream Finance Partnership

26 Nov 2020 1 minute read 0 comments bingoce

The developers behind Yearn and Cream have collaborated to launch Cream v2. Cream v2 will focus on lending and leverage products. The merger will be the bedrock for future collaborations between the two teams. There are already plans to integrate the...

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...

3D of Mining

19 Nov 2020 1 minute read 7 comments Coincobra

Start mining now FREE. Mining 3D First Dimension - SHA-256 is a critical computational hash function that uses video cards and high logical capacity computers to guarantee the security, authentication and operation of the entire Proof of Work system...

YFI Price Analysis 04 December 2020

16 hours ago 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...

Decentralized Horror: Roundup of the Year’s DeFi Nightmares

31 Oct 2020 8 minute read 14 comments pheonixdown-dee

Decentralized finance (DeFi) has no doubt been the driver of momentum for all things crypto this year, but it has not been without its share of horror stories. To mark Halloween, we will be digging into the DeFi nightmares, flash loan frights, smart...

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...