Yearn.Finance - Comparewise

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Yearn.Finance

YFI

Yearn.Finance Market Stats

Yearn.Finance Price

$22,014.48

Yearn.Finance Price Change (24H)

$22,014.48

Yearn.Finance Price (24H Low)

$22,014.48

Yearn.Finance Price (24 High)

$22,014.48

Yearn.Finance Price (All Time High)

$22,014.48

Yearn.Finance Market Cap

$22,014.48

Yearn.Finance Volume (24H)

$22,014.48

Yearn.Finance Circulating Supply

$22,014.48

Yearn.Finance Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What is Yearn.Finance (YFI)?

Yearn.finance (YFI) is a DeFi platform that gives users several loan and trading options to help them get the most out of their crypto assets. People who own YFI tokens can make policy suggestions and vote on them. This decentralized platform for managing assets can be used for liquidity, lending, and insurance, among other things.

Who Created Yearn.Finance (YFI)?

Andre Cronje started yearn.finance, which used to be called iEarn, but quit the project in February 2020 because of an exploit. Later that year, he revisited the project and added new features like Earn, Vaults, yInsure, and StableCredit. He renamed the protocol to yearn.finance.

After the YFI coin came out in July 2020, everyone knew about the project. Before Andre Cronje put it in place, the protocol was worth about $8 million. Cronje didn’t get any money for the protocol and didn’t reserve any tokens before the platform’s launch.

In the first week, the market value of the protocol rose to more than $400 million. All people who joined the pool in the first seven days it was open could take their money out and get their Curve YPool balances as YFI. Yearn.finance did not rely on venture capitalists to pay for its protocol development, unlike most other DeFi projects.

Because of how money was invested and how Andre Cronje launched the platform, it has grown into a thriving community without any team or large investors having any token. This means that users make all decisions and that their votes count.

Yearn.finance (Yfi) Coin - Comparewise

How Does Yearn.Finance (YFI) Work?

Yearn.finance is a protocol for putting contracts on the Ethereum blockchain. Most of the services offered by yearn.finance involve lending, investing, trading, and insurance. It uses smart contracts like Earn, Vault, and Zap to let users use these services.

Yearn.finance’s initial product, iEarn, is a service that allows customers to get the lowest interest rates on loans. It does this by searching various lending protocols, such as Aave or Compound. Vault is a collection of investment techniques for DeFi projects. Using the platform’s self-executing code, the contract enables active investment methods.

Stablecoins like the USDT, USDC and DAI can be used to harness liquidity pools on the Curve DAO platform using Zap. Trades can be completed with one click with the Zap contract, saving both time and money.

Is Yearn.Finance (YFI) a Good Investment?

Yearn.finance and its contracts on Balancer and Curve provide incentivized reasons for users to lock their cryptocurrencies in YFI, which makes it a good investment.

If you own YFI, for instance, you could get money from the protocol’s fees. Yearn.finance charges a 5 percent Vaults fee and a 0.5 percent Vaults and Earn fee. The yearn.finance system keeps $500,000 in fees for itself and gives the rest to YFI holders.

As a bonus, people who own YFI tokens can vote for an increase in supply, even though there are only 30,000 to start with. With the possibility of this happening in the future, yearn.finance (YFI) would make a good investment for investors looking to add the YFI to their portfolio. Coinbase is an excellent crypto exchange platform to purchase YFI if you want to invest this way.

FAQs about Yearn.Finance (YFI)

How Many Yearn.Finance (YFI) Are There?

There are 36,600 YFI tokens in circulation on the market as a whole. These are all of the tokens that were initially created.

How is Yearn.Finance (YFI) Secured?

The platform provides unparalleled security with an open-source code reviewed by the community. This ensures the integrity of the platform and the safety of all assets.

What Can You Use Yearn.Finance (YFI) For?

One way to use your YFI tokens is to use the platform’s lending and trading services to make the most money possible. You could also trade your YFI tokens for other cryptocurrencies and make money that way. If you think the price of YFI will go up in the future, you can buy a lot of it from Coinbase and store it in a hardware wallet like the Ledger Nano S until then.

Yearn.Finance News

Loan Amount

Our service is accessible from anywhere. Skip the wait and stress of in-person meet and get great financing online today. what time is time today, how to buy a coin ...

Loan Amount

Our service is accessible from anywhere. Skip the wait and stress of in-person meet and get great financing online today. what time is time today, how to buy a coin ...

Yearn.Finance Community

Best Yearn.Finance Apps

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Trade crypto, stock, and metals in one place
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Best Yearn.Finance Wallets

Earn up to 8% yield on your crypto with Secure Wallet
Min Investment
$85 USD
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70+
Limitless wallet addresses on one device
Storage Type
Cold
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Easy-to-use, ready within 10 minutes
Storage Type
Cold
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1000+
Manage over 5,500 digital assets + install over 100 apps
Storage Type
Cold
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100+
Full colour touchscreen + encrypted storage on cloud
Storage Type
Cold
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1000+
Connect through Bluetooth + use Ledger Live app
Storage Type
Cold
Coins Available
100+
Earn up to $16 worth of crypto in Coinbase
Min Investment
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Coins Available
100+
Stake and earn almost up to 40% yield
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50+
Stake and earn 5%-20% APY + get cash back
Storage Type
Cold
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300+
Manage multiple wallets in one platform
Storage Type
Software
Coins Available
IOTA
Earn up to 11.01% APR with staking crypto
Min Investment
$50
Coins Available
1 million+
Buy Crypto directly with USD, EUR, and GBP
Min Investment
1 XLM
Coins Available
255+

Yearn.Finance Analysis

Yearn.Finance (YFI) Analytic Summary

As the crypto and DeFi community grows, many analysts and crypto enthusiasts have made predictions about this YFI token. Most forecasts suggest a bullish trend for the asset in the future. The primary reason for such assertion is because the platform offers various services that may be in high demand, and YFI would be the currency of operation.

Yearn.finance specialists at Priceprediction.net have predicted the price of a yearn.finance will fall to a minimum of $39,461.98 in 2025, using deep artificial intelligence-assisted technical analysis of the previous price data.

Additionally, they predicted that by 2025, the YFI price might rise to a high of $45,174.94, with an average price of $40,799.45. By 2030, they predicted that the trading price of yearn.finance (YFI) will increase to $271,931.00.

Analysis Q&As

What is Yearn.Finance price today?

Yearn.Finance price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Yearn.Finance?

Yearn.Finance hit an all time high of [All High].

What was the lowest price for Yearn.Finance?

Yearn.Finance had an all time low of [All Low].

What was the 24 hours trading volume of Yearn.Finance?

The 24 hour trading volume of Yearn.Finance is [Volume].

Where can Yearn.Finance be traded?

You can trade Yearn.Finance on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for Yearn.Finance in the market includes YFI/USD, Yearn.Finance/CAD, Yearn.Finance/EUR, Yearn.Finance/GBP, and Yearn.Finance/AUD. Yearn.Finance is a token that is related to the DeFi... categories.

What exchange is Yearn.Finance on?

Online traders can buy or sell Yearn.Finance (YFI) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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Yearn.Finance Technicals

See Comparewise coin rating definitions for more information.

Yearn.Finance Price Statistics
Yearn.Finance Price Today

08/16/2022

Yearn.Finance Price

$22,014.48

Yearn.Finance Price Change (24H)

$22,014.48

Yearn.Finance Price (24H Low)

$22,014.48

Yearn.Finance Price (24H High)

$22,014.48

Yearn.Finance Price (All Time High)

$22,014.48

Yearn.Finance Market Cap

$22,014.48

Yearn.Finance Volume (24H)

$22,014.48

Yearn.Finance Circulating Supply

$121.3M

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