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.


Crypto Analyst Expects Ethereum and DeFi to Go on a “Stupid Run” | Cole Petersen @ NewsBTC

15 Nov 2020 1 minute read 1 comment BLOCKCHAIN BRAIN

Cole Petersen, a cryptocurrency analyst published a very useful article @ NewsBTC portal saying that *The decentralized finance sector has posted massive gains throughout the past week, with all the “blue-chip” tokens seeing explosive momentum as bul...

ADX Farming: 2 million $ADX Yield for Liquidity Providing on Uniswap and Balancer

19 Nov 2020 3 minute read 0 comments dmngdsm

We are delighted to announce a new ADX incentive program (a.k.a farm) for liquidity providers: over 2 million ADX will be distributed to people who supply liquidity on the Balancer ADX/yUDS pool, Uniswap ADX/ETH pool and other community requested poo...

Three videos, everyone in Crypto world have to watch

29 Oct 2020 1 minute read 0 comments Permabull

Just reached 100 followers and as a thank you I would like to share three incredible videos every single person interested in crypto should watch at least once.   1. The Trust Machine My favourite and possibly the first Bitcoin documentary I have eve...

Argentina update - 35 Bitcoins traded last week

13 Nov 2020 1 minute read 2 comments Permabull

Checking last week's statistics, 35 BTC were traded in Argentina on LocalBitcoins. The figure is a bit down up one week ago - 33 Bitcoins. Last time the weekly volume was this high in Argentina was back in June 2016. 35 BTC is about 77,000,000 Arge...

Yfi (Crypto-Pick)

22 Nov 2020 1 minute read 0 comments Goodsoul

Yfi Yearn Finance and why it is my next Crypto-Pick? Well we all saw it moon, we all saw it fall, and we all are seeing it climbing back up again. Defi has changed the world of crypto. Not a little but alot. 2020 allows you to bank from wherever yo...

This Binance-Sponsored DeFi Coin Has Surged 600% in the Past Week | ALPHA Finance x NewsBTC

16 Nov 2020 1 minute read 0 comments BLOCKCHAIN BRAIN

Nick Chong, author from the NewsBTC portal said that: ALPHA is the native token of Alpha Finance Lab, supported by Binance Launchpad and investors such as Spartan Group and Multicoin Capital. The project is focused on building out an ecosystem of cro...

The DeFi Stack - Layers overview and served purpose

26 Nov 2020 2 minute read 1 comment Behiver

The DeFi Stack brings together all the DeFi instruments layered one over the other and is one piece of information that each cryptocurrency enthusiast, investor or interested reader should know about it. It gives us all the apps from the DeFi space a...

Ethereum DeFi’s most enigmatic investor, “DegenSpartan” says this will be DeFi’s watershed moment

14 Nov 2020 1 minute read 0 comments BLOCKCHAIN BRAIN

Nick Chong, Analyst @ CryptoSlate published an interesting article where he said that *The pseudonymous investor, believed to be based in Asia, has become one of the most popular voices within the Ethereum and DeFi community, having entered this cryp...

Is this Crypto Apocalypse?

26 Nov 2020 1 minute read 8 comments BLOCKCHAIN BRAIN

Everything on the market is down. It's like a big explosion happened in the base. 20% and it's falling, only stable coins are still stable. I mean, I just wake up and saw this horror scene. I don't know what's happening but it's very strange because...

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...