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YFI thumbnail icon

$8465.880 USD

0.31015080 BTC

4.76968600 ETH

Market CapTotal Value LockedDominanceMcap TVL Ratio
$277820149 USD$424516403 USD0.55 %1.490

About Token thumbnail icon

Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. It started out as a passion project by Andre Cronje to automate the process of switching capital between lending platforms in search of the best yield offered, as the lending yield is a floating rate rather than fixed rate. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols.  The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD. For example, if a user deposits DAI into, the user will receive yDAI token in return, which is a yield-bearing DAI token.  Later on, it collaborated with Curve Finance to release a yield-bearing USD tokens pool that includes four y-tokens: yDAI, yUSDT, yUSDC and yTUSD, it is named as yUSD.  Yearn Finance debuted the vault feature after its token launch, igniting a frenzy on automated yield farming and is considered the initiator of the category of yield farming aggregator. Basically, the vault will help users to claim yield farming rewards and sell it for the underlying assets.  Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to have proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited.

Coin Statistics

Price Change % 24H4.577%
24H High$8551.740
24H Low$8034.480
Market Rank143
Market Cap$277820149
Market Change 24H12482511.000%
Market Change 24H %4.704%
Circulating Supply32777 yfi
Total Supply36666 yfi
Total Value Locked$424516403 USD
Dominance$0.55 USD
Mcap TVL Ratio1.490
All Time High$90787.000
All Time High Change %$-90.674%
All Time High Date2021-05-12T00:29:37.000Z

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