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 and Cream Team Up for Leveraged Lending and Yield

27 Nov 2020 1 minute read 0 comments AlucardLife

On the heels of Pickle merging with Yearn comes the excellent news of the Cream team collaborating with Yearn.finance to create CreamV2. According to a post by Andre Cronje on the Yearn governance website, CreamV2 will allow yield earning with levera...

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...

The DeFi Stack - Layers overview and served purpose

26 Nov 2020 2 minute read 2 comments 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...

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...

Bitcoin + Ethreum = Wrapped Bitcoin

25 Nov 2020 1 minute read 1 comment 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...

Tether x Ethereum

23 Nov 2020 1 minute read 6 comments Coincobra

  Tether                                                              EthereumMarket Cap - $18.494.336.407  USD               Market Cap - $67.354.611.688 USD Recently, some websites and experts have said that Tether will soon be overcome in market c...

Fake Ethereum Tokens Net $53,000 in Just 30 Minutes | Over 30 fake DWAP tokens have since been issued

23 Nov 2020 1 minute read 0 comments BLOCKCHAIN BRAIN

Shaurya Malwa, author from Decrypt portal in his new article says that *Scammers issued an Ethereum token to jump in on the popularity of a new product released by Yearn Finance founder Andre Cronje—which was never supposed to have one.* Topics that...

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...

Pondering the future of personal motivation, compensation, growth and competition in the emergent society 3.0

21 Nov 2020 6 minute read 1 comment VLK

  I’ve recently been very excited about developments in crypto and DeFi. Before now I haven’t paid that much attention to the space, but I find myself enthralled. After spending some time doing research, looking into communities, and participating in...

Ethereum exceeded $ 500 for the first time since 2018: main catalysts for ETH growth

20 Nov 2020 1 minute read 1 comment World Crypto

For the first time since July 2018 the price of Ethereum (ETH) on Binance has reached $500. It is noteworthy that just two days ago the rate of the main altoin fell to $456, and at the beginning of the month ETH traded at $370. So, in two days Ethere...