Latest Posts with Yearn Finance (YFI) tag

Yearn Finance (YFI)

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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.

One Way Out For YFI

1 Oct 2020 1 minute read 2 comments doyouminecrypto

  Hello!   I have mapped a way out for YFI head and shoulders pattern!         Make sure to check out my past posts linked at the bottom. If YFI can hold these levels, and does not break the neckline, then we could see some upward momentum.   I have...

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...

Yearn Finance (YFI) a diamond in the rough

4 Oct 2020 1 minute read 0 comments Superstar

I spoke about Yearn before, and since then it continues to decrease.  I just spoke to some friends and they are telling me to change investments.  Crowd mentality is always wrong, I am dumping more into Yearn.  Why do you ask?  Well lets take a look... (YFI) Is Dropped 54% And Still More Drop Ahead

30 Oct 2020 1 minute read 0 comments moon333

Hey friends, hope you are well and welcome to the new update on token. As in my previous post, I told you even I warned that the price action of YFI token can be crashed up to 90% more. And so far it has dropped more than 44% in the USD...

Weekly Crypto Roundup with Crypto Rays

11 Oct 2020 2 minute read 2 comments Venkatz

  Google Cloud ~ EOS Network On October 6th, 2020 released a report stated that  Google Cloud is joining with the EOS community and taking all the steps to become a Block Producer in EOS Network (EOSIO BLOCKCHAIN). Google cloud's Develope...

Quick trade on YFI/USDT: inverted Head and Shoulders AHEAD

19 Oct 2020 1 minute read 0 comments toofasteddie

Long time since I posted my last call on any trading set-up.Obviously, since then, not so many chances have appeared because BITCOIN has been moving hesitant but, in my opinion, I think most of the altcoins have touched the bottom lately and perhaps...

Investors are Raising Funds Against YFI Founder Cronje for EMN Incident

12 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Several investors in Andre Cronje’s (EMN) project are raising funds to file a lawsuit against him, according to a blog post by said group. The group, which has posted on Medium under "Eminence Investigation", is raising funds to fil...

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...

Ethereum DeFi’s most enigmatic investor, “DegenSpartan” says this will be DeFi’s watershed moment

14 Nov 2020 1 minute read 0 comments BLOCKCHAIN BRAIN

Nick Chong, Analyst @ CryptoSlate published an interesting article where he said that *The pseudonymous investor, believed to be based in Asia, has become one of the most popular voices within the Ethereum and DeFi community, having entered this cryp...

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...