yearn.finance YFI
Rank #299| Price in XMR | 4.8650 XMR |
| 1 XMR buys | 0.20554832 YFI |
| Market Cap vs XMR | 0.9% of XMR |
| vs XMR (24h) Holding YFI vs holding XMR | ▲ 1.3% YFI outperformed XMR |
| vs XMR (7d) Holding YFI vs holding XMR | ▲ 5.2% YFI outperformed XMR |
| vs XMR (30d) Holding YFI vs holding XMR | ▲ 18.2% YFI outperformed XMR |
| vs XMR (1yr) Holding YFI vs holding XMR | ▼ 71.6% XMR outperformed YFI |
| Circulating Supply | 36,076 YFI |
| Max Supply | 36,666 YFI |
| 24h High | $2,739.60 |
| 24h Low | $2,577.15 |
| All-Time High | $90,787.00 (-97.0%) |
| ATH Date | 2021-05-11 |
| Market Cap Rank | #299 |
About yearn.finance
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 yearn.finance, 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.
Description data from CoinGecko.
Where to buy & swap yearn.finance (YFI)
21 exchanges support yearn.finance (YFI) — compare each one's grade, KYC and AML policy and fees. Click an exchange name for its full profile.
| Exchange | Grade | KYC | AML | Fees |
|---|---|---|---|---|
| Alfacash | B | Likely if suspicious | Risk based | — |
| Baltex | B | Likely if suspicious | Risk based | — |
| BitcoinVN | B | Likely if suspicious | Risk based | 0.1%–3% |
| BitXchange | B | Never | Risk based | 0.5%–1% |
| Changee | B | Likely if suspicious | Risk based | — |
| ChangeHero | C | Likely if suspicious | Risk based | — |
| ChangeNOW | C | Likely if suspicious | Risk based | 1.5%–3.5% |
| Coinbase | — | Required | Enforced | — |
| Exolix | B | Varies by provider | Risk based | 0.75%–1.5% |
| GhostSwap | C | Rare | Risk based | — |
| GoDex | C | Rare | Risk based | — |
| Kraken | — | Required | Enforced | — |
| LetsExchange | B | Likely if suspicious | Risk based | — |
| n.exchange | D | Rare | Undisclosed | — |
| QuickEx | B | Likely if suspicious | Risk based | — |
| SimpleSwap | B | Likely if suspicious | Risk based | — |
| StealthEX | B | Likely if suspicious | Risk based | 1%–2.5% |
| Swapgate | B | Likely if suspicious | Risk based | — |
| Swapuz | C | Likely if suspicious | Risk based | — |
| Trocador | A | Varies by provider | Varies by provider | Varies |
| XGRAM | C | Likely if suspicious | Risk based | — |