Latest Posts with Yearn Finance (YFI) tag

Yearn Finance (YFI)

161 Articles 292 Followers

Yearn Finance YFI Logo



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.

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...

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...

My brief experience with DEFI and what I think about it

20 Nov 2020 1 minute read 0 comments Cryptolohy

We are at the cusp of a huge paradigm shift, from centralization  to decentralization, this is apparent in several ways, for instance, how the job market is becoming more flexible, allowing people to work from home or even work from anywhere, and thu...

📈🪙YFI. DEFI 🪙📈

29 Nov 2020 1 minute read 0 comments MISSSUAREZ is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming. It's easy for young investors because interact in a less committal manner than serious traders....

What is Wrapped Bitcoin?

5 Nov 2020 1 minute read 0 comments Coincobra

Wrapped Bitcoin is Ethereum's Bitcoin. In fact wBTC is the largest tokenized ERC-20 asset that is currently traded on the Ethereum blockchain. Therefore, it is the version of the BTC in Ethereum in the DeFi ecosystem. This Token is already listed on...

Weekly Round Up With Crypto Rays

8 Nov 2020 1 minute read 1 comment Venkatz

BTC Surged Almost  15%  in This Week On Nov 02, 2020 BTC is at $13670  and surged towards  $15825 on November 06, 2020 in this continuous Journey  little bit lag happened after the US election Results is officially announced a sharp decline in BTC mo...

Looking at Yearn through the eyes of a Seer

4 Nov 2020 4 minute read 0 comments Ceazor

It's nearly a daily occurrence that I see people posting in the Yearn telegram channel, that "YFI is a scam," or that "YFI is going to zero." And to this, I feel I have some thought to contribute.  By just looking at the chart. I can understand why...

Keep3r Stealing YFI Thunder?

10 Nov 2020 3 minute read 1 comment AlucardLife (YFI) set off the current wave of defi with a unique attribute of automated yield farming. YFI was the first coin to achieve mainstream attention for being worth more per coin than bitcoin (there were others, but they didn't have the im...

Yearn.Finance a Decentralized Finance platform

10 Nov 2020 2 minute read 3 comments Eybyoung

Some may wonder why Yearn.Finance YFI token is not recognized as the most dominating token in cryptocurrency space despite its price surge over $41,000, why Bitcoin was still the king of Crypto? Well, it's because it is a Decentralized Finance (DeFi...