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.


Yearn Finance Getting Ready to Exceed Expectations

27 Sep 2020 1 minute read 0 comments Superstar

So I have been investing pretty heavily into many different cryptos the past year.  Trying to stay abreast of what is happening has becoming a real chore, I have notebooks, laptop spreadsheets, and lots of wallets.  For those that haven't bought into...

Introduction to yEarn Vaults and How the yUSD Vault Works

26 Sep 2020 4 minute read 0 comments GabrielHaines

Yearn is one of DeFi’s most popular protocols. Their core product is the vaults. Vaults offer higher risks and greater rewards than their earn protocol. In this article I will explain how vaults work.  OVERVIEW OF yEARN VAULTS The vaults were created...

Notable Grants by Andre Cronje & Yearn Finance

25 Sep 2020 7 minute read 3 comments kevW!ls0n

GitCoin is a platform that allows open-source developers to come and ask for bounties that are fulfilled by the community. The platform’s mission is to grow the open-source scene and help developers to fund their projects. Andre Cronje, creator of Ye...

Yearn Insurance Farming Project

25 Sep 2020 3 minute read 0 comments JaksHitam

Yearn Finance is a set-up of decentralized finance (DeFi) items zeroed in on making a straightforward method to create high danger balanced returns for investors of different resources by means of top tier loaning conventions, liquidity pools, and ne...

yearn.finance (YFI): a quick look

21 Sep 2020 4 minute read 0 comments odisseo

yearn.finance is a project that has recently caused quite a stir; the main reason is related to the price of its token (YFI) which has even managed to exceed the price of Bitcoin (BTC). Behind the speculation on the price of the token, however, there...

Yearn Finance Founder Says He Would Like to Be Uniswap Delegate

21 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Yearn Finance (YFI) founder Andre Cronje has revealed his desire to act as a Uniswap delegate, tweeting on September 19 about the motivation and plans were he to become one. Cronje said that he had no intention of proposing a YFI-ETH liquidity pool...

Episode #13 - Discover Vaults of Yearn.Finance, DeFi Money Maker, and Mooniswap

21 Sep 2020 1 minute read 0 comments Chesatochi

#amm #mooniswap #crypto #defi Right now is the era of DeFi in the crypto sphere. Come discover on this video the automated money maker Mooniswap. Mooniswap website: https://mooniswap.info/home ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Crypto TIP ME & My Social...

Zapper & yearn- How to use them together & simplify yield farming - Tutorial

21 Sep 2020 1 minute read 3 comments Cryptosetups

In this video I introduce you to Zapper, I show you what a powerful tool it can be to simplify Defi use on ethereum. I take you through how you can user Zapper to jump into the various vaults available on yearn finance, at the same time introducing...

Chesatochi Newsletter #07 - Discover Yearn.Finance, DMM, and Mooniswap

20 Sep 2020 1 minute read 0 comments Chesatochi

Come read my latest newsletter and discover significant projects in the crypto sphere. At the same time, you can, subscribe and stay in touch with my crypto content by email. A great way to save your valuable time. Newsletter #07 link: https://chesat...

Yearn.Finance – Your Best Friend for Making the Most with DeFi

18 Sep 2020 1 minute read 0 comments Chesatochi

You might have heard that yield farming is a hot trend in the crypto sphere at the moment. What is even greater, now you can do it automatically with Yearn.Finance. Come read it in my latest article! Article link: https://chesatochi.com/yearn-finance...