Latest Posts with Yearn Finance (YFI) tag

Yearn Finance (YFI)

153 Articles 276 Followers

Yearn Finance YFI Logo

$25,322.00

yfi
usd

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.finance (YFI) Could Surge 20%+ as Technical Outlook Strengthens | NewsBTC

26 Oct 2020 1 minute read 5 comments BLOCKCHAIN BRAIN

He//o World... Welcome to Blockchain Announcements! Cole Petersen, one of serious cryptocurrency analyst, a few hours ago shared with us two minutes long article on the NewsBTC portal where he says this: Yearn.finance’s YFI governance token has foun...

DFI.Money (YFII) Again Rejected By Strong Resistance | Was It A Bull Trap ???

24 Oct 2020 2 minute read 1 comment moon333

Hey friends, hope you are well and welcome to the new update on the YFII token. In this video you will watch how:   Previously the price action broke down the support of the pennant on the daily chart. But in the very next candlestick, we can observ...

Is $YFV the next $YFI?

1 Sep 2020 6 minute read 3 comments Chenhuang_defi

Things are CRAZY right now. It is impossible to keep up-to-date with the latest happenings with DeFi going extremely parabolic. While the total value locked (TVL) in DeFi contracts approaches $8 BILLION, everybody seems to want to put their hands ins...

USDT GO TO OVERTAKE ETHER

19 Oct 2020 1 minute read 0 comments Coincobra

Hello 🤑 Recently, some websites and experts have said that Tether will soon be overcome in market capitalization  by Ethereum.This means that after Bitcoin it will be the most traded in the cryptocurrency market. And the best with all the stability p...

Ethereum in an Extensive Economic Growth | Ethereum transacts two times more value than Bitcoin daily

24 Oct 2020 1 minute read 1 comment Behiver

Many would say to invest in Bitcoin, that it is the GOLD of Cryptocurrencies, but I would say to invest in Ethereum. It is my cryptocurrency of choice due to its innovation and drive of the financial world. And the third quarter economics from 2020 c...

YFI Founder Explains Development Ethos in Blog Post, Says He Doesn't Build for Speculators

16 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

On October 15, yearn.finance founder Andre Cronje published a lengthy blog post describing his motivation for developing DeFi projects, in response to the controversy arising from the Eminence.finance project.  Cronje’s stated that he wanted to star...

Is DFI.Money (YFII) Is Going To $1 ??? | Warning !!! YFII Has Broken Down All Supports

8 Oct 2020 1 minute read 4 comments moon333

Hey, friends hope you are well and welcome the new update on DFI.Money token. In this video you will watch how:  On a small time period, 4-hour chart the priceline of the YFII token was moving in a descending triangle and finally broke down the supp...

yEarn in trouble? Kirby’s gone, Andre reportedly quit, YFI lawsuit? Let’s straighten things out.

12 Oct 2020 2 minute read 2 comments GabrielHaines

There have been a lot dramatic issues that have popped up with relation to yEarn in the past few days. In this article, we will examine them one by one and see if there is cause for concern. BLUE KIRBY Once the official mascot of yEarn, the meme-hea...

Zapper & yearn- How to use them together & simplify yield farming - Tutorial

21 Sep 2020 1 minute read 3 comments Cryptosetups

In this video I introduce you to Zapper, I show you what a powerful tool it can be to simplify Defi use on ethereum. I take you through how you can user Zapper to jump into the various vaults available on yearn finance, at the same time introducing...

🗞 Daily Crypto News, October, 10th💰

10 Oct 2020 4 minute read 2 comments Crypto_Lemon

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!       🗞 $12K Bitcoin price back on the table after BTC rallies above $11.4K On Friday Bitcoin (BTC) price finally managed to break above the symmetr...