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.


YFiGlobal Finance (YFiG) Defi - Fork of Yearn Finance (YFI).

12 Nov 2020 1 minute read 0 comments FreedomBuilder

  🏦 YFiGlobal Finance is officially listed on 🔥Hotbit🔥 : https://hotbit.zendesk.com/hc/en-us/articles/360057217654 🎁 Total Reward: Receive up to 0.2 YFiG ≈ $16 & 0.02 YFiG per referral for easy social Tasks, only on Telegram & Twitter. 💎 Start YFiGlo...

How to build a mining rig to mine crypto [GUIDE]

12 Nov 2020 8 minute read 5 comments Roberto D.

We are in a "particular" historical moment: of global crisis, pandemic and in a generally unstable political and social environment, cryptocurrencies have shown considerable solidity. Furthermore, the pandemic-induced economic recession has actually...

Harvest Finance is Set to Make a Great Comeback

11 Nov 2020 3 minute read 3 comments paulOf91

Hey, hey, hey, hey… how are my fellow DeFi Degens doing today? It’s Chad here, and today I have something incredibly important to share with you all.  So grab a beer and get comfortable. I’m about to make your day. Harvest Finance is set to make a hu...

DeFi Protocol Yearn.Finance Launches New Vault Aimed At Improving Liquidity

10 Nov 2020 1 minute read 2 comments CryptoBrowser

The New “Backscratcher” Vault Locks CRV Tokens For Four Years Despite the DeFi sector hitting another all-time high in terms of total value locked (TVL), not all projects receive equal attention and inflow of collateral.  According to data from DeFi...

CIVIC TOKEN

10 Nov 2020 1 minute read 7 comments Coincobra

Cripto Civic is a wallet that has developed a system to protect and securely store your personal data and your Cryptocurrencies.In the year it was launched - 2017. It sold $ 33 million in tokens. Reaching, in the same year, approximately US $ 1 per...

REPORT: A Whale Just Moved $14m Worth of Yearn.finance (YFI) to an Exchange | NewsBTC

10 Nov 2020 1 minute read 1 comment BLOCKCHAIN BRAIN

Cole Petersen, an author on NewsBTC published an interesting article a few moments ago where he said that *Yearn.finance’s YFI token is surprisingly resilient today despite the turbulence throughout the aggregated crypto market. While Bitcoin is plun...

Keep3r Stealing YFI Thunder?

10 Nov 2020 3 minute read 1 comment AlucardLife

Yearn.finance (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...

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...

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...