yearn.finance YFI Live Price Today

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.

yearn.finance is ranked #312 by market capitalization. Currently the YFI market cap exceeds 77.87M+ United States Dollar. By market capitalization it is ranked #312. Daily trade volume is 19,071,862 USD.

The yearn.finance price today in USD is 2174.97. Through the yearn.finance price history, the price ranges from 90,787 USD (all time high) to 31.65 USD (all time low). yearn.finance price last 24 hours fluctuated from 2,303.27 USD (24h high) to 2,032.59 USD (24h low).

Check the yearn.finance value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB

Homepage: https://yearn.fi/

Block explorers: https://etherscan.io/token/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e https://ethplorer.io/address/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e https://arbiscan.io/token/0x82e3a8f066a6989666b031d916c43672085b1582 https://polygonscan.com/token/0xda537104d6a5edd53c6fbba9a898708e465260b6 https://snowtrace.io/token/0x9eaac1b23d935365bd7b542fe22ceee2922f52dc https://ftmscan.com/token/0x29b0da86e484e1c0029b56e817912d778ac0ec69 https://scan.meter.io/address/0x29b0da86e484e1c0029b56e817912d778ac0ec69 https://nearblocks.io/token/0bc529c00c6401aef6d220be8c6ea1667f6ad93e.factory.bridge.near https://explorer.energi.network/token/0x2726dd5efb3a209a54c512e9562a2045b8f45dbc

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