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.


11 Jun 2021 2 minute read 0 comments RitabeII

StaFi, Staking Finance is a finance synchronized blockchain that solely concentrates on liquidity of locked assets for a period of time now. We have about five of such PoS projects which have been set-up including StaFi. However to achieve all round...

StealthEX Interview With Facu Ameal, Yearn.Finance PM for Vaults and Strategies

4 Jun 2021 1 minute read 0 comments StealthEX

Welcome to the StealthEX series of interviews with crypto enthusiasts. Today our guest is Facu Ameal, Yearn.Finance PM for Vaults and Strategies. Yearn.Finance is an aggregator service for DeFi investors, using automation to maximize Yield Farming pr...

Yearn Finance Vaults Explained

2 Jun 2021 3 minute read 5 comments RelyOnCrypto

Before we get started, if you're new to Yearn Finance and need a recap, check out my previous article here.   Yearn vaults are funds that are pooled together with a plan for maximizing the value of the asset in the vault. Vault strategies are more ac...

Top 3 Decentralized Finance Tokens to invest In

18 May 2021 1 minute read 0 comments Defiant Pathfinder

I have done a short research on a few DeFi token on my portfolio list so as to see which one are the most promising. I will try to be short and precise in this article so that i wont waste much of you precious time. For those who have been my followe...

BTC, ETH, XRP, YFI, XMR, NEAR, SXP—Technical Analysis May 18

18 May 2021 2 minute read 5 comments 0xJonnyDee

Bitcoin (BTC) has bounced at the support line of an ascending parallel channel. Ethereum (ETH) is approaching the top of its bullish impulse. XRP (XRP) has potentially just begun the fifth and final wave of its bullish impulse. Yearn Finance (YFI) ha...

All roads Lead to Layer 2

14 May 2021 2 minute read 1 comment alquimista1501

A layered model is an organized interpretation that facilitates the interaction of protocols that combine and share the development of a common activity or service. We can easily see this by studying the OSI model and how it reflects the interconnect...

Yearn Finance and The YFI Token Explained

12 May 2021 4 minute read 1 comment RelyOnCrypto

The Yearn protocol is the most essential part of Yearn Finance. Yearn is a yield optimizer that focuses on maximizing Decentralized Finance capabilities by switching between different lending protocols automatically. Andre Cronje, the creator of the...

Bitcoin Cash - The champion of May 5.

6 May 2021 1 minute read 0 comments ac05

#News1       Bitcoin Cash, a fork of bitcoin, was created in 2017. Today it has become one of the promising cryptocurrencies. It is a peer-to-peer cash system, created to overcome the two challenges faced by Bitcoin. The first being scalability i.e...

Gabriel Haines - Talking Crypto with DeFi Fry

19 Apr 2021 6 minute read 2 comments SkyHigh DeFi

When you start working in crypto, you discover your efforts generate so much more value for yourself and others. Now, you're able to invest in yourself and not just transfer wealth to the super-rich. It's about making the most of your time, and ulti...

YLA Aping Guide

30 Mar 2021 1 minute read 0 comments PowerLul

YLA Liquidity Mining = Ultimate farm. Good article to get you started with Indexes: First Step: Use ZAP to mint YLA with USDC at ultra-low gas fees ($20-$30 total) 👇https://powerinde...