|Brief||yearn.finance (YFI) is a cryptocurrency token and operates on the Ethereum platform. yearn.finance has a current supply of 30,000 with 29,962.093 in circulation.|
|Last updated:||Tuesday, October 20, 2020 3:00:04PM UTC|
|Crypto Volatility Index (CVIX):||89|
|Current price, USD:||13 543.20|
|Market capitalization, USD:||405 858 785|
|Available supply:||29 968 YFI|
|Volume 24 hours, USD:||247 750 997|
General YFI facts, technical details and general information about yearn.finance crypto currency
YFI is the native token of the Yearn.Finance system. Yearn.Finance is a DeFi yield farming system, focused on making it easier for users to automatically farm the highest-yields possible with their cryptocurrency.
Yearn is a growing collection of DeFi services, intended to act as a simple gateway for the wider DeFi ecosystem.
Its centrepiece is the ability to automatically invest user deposits in the highest-yielding place available in the DeFi ecosystem, through Yearn Vaults. Users deposit funds into the vault, and those funds are then collectively allocated to the most lucrative yield farming available, and the returns from those are distributed proportionally to users, accumulating to the yTokens users are given when they make deposits.
Yearn can similarly let people make stablecoin deposits straight to the highest-yielding lending platform available, to earn competitive returns on stablecoins.
In addition to the ease of use, this also helps batch transactions to save on Ethereum gas fees. The service doesn't come for free though, as performance fees and other costs are extracted along the way. These fees can be paid to YFI token holders as dividends, in an amount the community of token holders agrees on.
YFI is purely and simply a governance token. Its holders are allowed to vote on decisions that affect Yearn.
While simple on paper, this can potentially be quite complex and lucrative though, as evidenced by the decision to receive a pay a cut of the service fees to token holders. And if Yearn becomes a prominent part of the DeFi world over time, other decisions such as support for different assets, and the way returns are paid or reinvested, could have profound impacts on the rest of the market over time. Yearn encourages YFI token holders to actively participate in governance.
We list daily yearn.finance historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Oct 11||16 003.57||15 124.44||17 572.40||503 802 065|
|Oct 12||16 935.69||15 839.41||17 105.27||497 487 468|
|Oct 13||16 504.38||15 517.58||16 667.03||469 816 122|
|Oct 14||15 678.59||13 978.64||15 950.27||434 136 425|
|Oct 15||14 600.19||14 081.38||15 589.72||436 102 658|
|Oct 16||14 501.95||13 596.12||14 563.12||407 444 603|
|Oct 17||13 416.24||13 339.72||13 899.12||413 220 703|
|Oct 18||14 114.74||14 022.05||15 501.63||451 939 718|
|Oct 19||15 338.99||14 262.08||15 338.99||427 401 722|
|Oct 20||13 848.74||13 543.20||13 992.36||405 858 785|
|YFI price change 24 hours||-9.92%|
|YFI price change 7 days||-15.36%|
After explosive growth, the decentralized financial applications sector has shown an impressive correction. Sentiment data provider reports a 25% drop in DeFI's market cap in one day. Coin yearn.finance (YFI), which managed to exceed $ 40K in price,...
Nilssson October 10, 2020 YFI
The DeFi coin market shows the most negative price dynamics. Not surprising given the scale of growth this sector has shown over the past few months. The total volume of tokens blocked in applications began to fall. Over the past few days, this...
l00k$_1ntere$1ng October 8, 2020 YFI
The trading volume of DeFi's leading coins yEarn Finance (YFI), Synthetix (SNX) and Compound (COMP) in the OTC markets has grown 8 times since the beginning of the year. Given the recent impressive fluctuations of the same yEarn Finance (YFI), the...
Leonie September 24, 2020 YFI
The trading volume of the leading DeFi coins yEarn Finance (YFI), Synthetix (SNX) and Compound (COMP) in the OTC markets has grown 8 times since the beginning of the year. Considering the recent impressive fluctuations of the same yEarn Finance...
Casual Millionaire September 21, 2020 YFI
The sector of decentralized financial applications mainly associated with new and relatively unknown projects in the recent past, but now it is Bitcoin's turn. The volume of bitcoins blocked in applications is growing, and this factor is added to...
Carlit0oo September 16, 2020 YFI
We publish the most accurate yearn.finance Forecasts and News including crypto industry experts' opinion on a daily basis