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.


Coinbase Lists yearn.finance (YFI) and Loopring (LRC)

18 Sep 2020 1 minute read 3 comments Abhimanyu Krishnan

Coinbase has listed DeFi governance token YFI and Loopring (LRC), according to an announcement made on September 17. The YFI and LRC tokens will be available on Coinbase’s retail platform, including the Android and iOS apps Tokens will be available...

5 Most Important DeFi Breakthroughs of Q3 2020

17 Sep 2020 8 minute read 9 comments yourmitchy

DeFi continues to grow at an unprecedented pace, and its very difficult to keep up with the crucial breakthroughs occurring. As a result, I wanted to weed out the most important breakthroughs that we have witnessed in Q3 that are bound to take the en...

Tokens cost 4 times more than Bitcoin

17 Sep 2020 1 minute read 0 comments Sykt

You are all aware of Bitcoin. Can't wait to tell you more about Bitcoin. Bitcoin is like an invisible precious metal. The current price of Bitcoin almost 11000$. Many of you may not be aware that cryptocurrencies are available in the online market a...

CC104 - Generate Around 30%-90% APR with Vaults from Yearn.Finance

15 Sep 2020 1 minute read 0 comments Chesatochi

#yearn.finance #crypto #defi #vaults Do you want to be part of the yield farming revolution on autopilot? Come check my video of the section of the vaults of Yearn.Finance where you can generate between 30%-90% annually. A great opportunity if you h...

Episode #12 - Yearn.Finance, Super Crypto Kart, Just

13 Sep 2020 1 minute read 0 comments Chesatochi

Wow, already 3 months I have started this podcast, and time flies so fast. In this episode, I discuss Yearn.Finance, Super Crypto Kart, and Just DAPP on Tron. Come listen and to know more about them! Podcast link: https://anchor.fm/chesatochi/episode...

What is this about Yearn.Finance (YFI) ????

11 Sep 2020 1 minute read 0 comments alquimista1501

The truth is that the world of cryptography never ceases to amaze me, every time we see a strong trend of DeFi in this environment, a constant and clear characteristic is the denominator of decentralization and tokenization. Certainly the main point...

What's Next For DeFi Altcoin, Which Increased 20 Percent After Coinbase Listing?

11 Sep 2020 1 minute read 0 comments Murat Zignec

The popular DeFi token, YFI, rose 23 percent overnight and may have gotten into a bull trap, according to the analyst. Yearn Finance's governance token dropped 10 percent from $ 36,043 this Friday. The decline typically occurred as a result of the co...

Have You Made Earnings With "Y Family" Tokens? YFI, YFII, YFL, YFV, YFFI, YFT

11 Sep 2020 1 minute read 2 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Before this generalized collapse of the entire crypto market (with a few exceptions such as Tron and Polkadot but then they were not spared either) there was the boom of the "Y familly" tokens. I was on Publish0x one of the first to focus attention o...

YFIR FINANCE Review

9 Sep 2020 4 minute read 0 comments JaksHitam

DeFi is a shortening of the expression decentralized finance which by and large alludes to the computerized resources and monetary keen agreements, conventions, and decentralized applications (DApps) based on Ethereum. In less complex terms, it's mon...

CC101 - Discover Yearn. finance - A DeFi Aggregator

9 Sep 2020 1 minute read 0 comments Chesatochi

#yearn.finance #defi #crypto #ethereum Yearn.finance is a DAPP that helps you to generate a profit in the DeFi trend. Take the time to do your own research prior to using it because is only a smart contract behind it. Yearn.finance: https://yearn.fi...