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Yearn.fi

Yearn.fi YFI Price $ 5,908

Rank: 261

1046 Watchlists

DeFi

YFI Price

5,908
1.12%
(-$ 66.83)
Price Range
LowHigh
    $ 5,908$ 6,062

    General Info

    Contracts/Explorers:

    Tags (Sub-Categories):

    #Token

    Funds and Backers

    Description

    Yearn.finance is a yield farming aggregator of interest-earning DeFi opportunities.

    Yearn.fi (YFI) Chart

    Yearn.fi price Index provides the latest YFI price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

    YFI to USD Converter

    Yearn.fi (YFI)YFI

    YFI Price Statistics

    leaderboard

    Market Cap

    $ 198.09M

    Fully diluted value

    FDV

    $ 217.24M

    ATH Market Cap

    $ 3.29B

    24 Trade Vol.

    $ 5.69M


    Vol. (24h) / MCap

    0.0287

    Max Supply

    YFI 36,666

    Total Supply

    YFI 36,666

    Circulating Supply

    YFI 33.43K

    (91.2% of Max Supply)

    Listing Date

    20 Jul 2020

    All Time High

    $ 91,068

    12 May 2021


    All Time Low

    $ 586.61

    20 Jul 2020


    From ATH

    93.5%

    From ATL

    910%

    What is Yearn.fi (YFI)?

    Yearn.finance is a DeFi project that provides a range of financial products across its platform. It runs on the Ethereum and Fantom blockchains and it was created with the primary goal of allowing users to maximize earnings on their crypto assets through creating simpler, cheaper and more efficient lending and trading processes. The core products designed to do this include yVaults, Earn and Iron Bank. Since Yearn.finance provides its services via smart contracts, it can guarantee that the code will work as written and remove the need for a third party to verify transactions, reducing costs and time.

    Yearn.finance was created in 2020 by independent developer Andre Cronje and its native currency, the YFI token, launched in July 2020. In its first month following the launch, the yearn.finance platform attracted almost $800 million in assets, making it a very fast-growing DeFi project.

    What are Yearn.finance’s key features and how does it work?

    Notably, Yearn.finance has several key products. yVaults, the most complex product, acts in a similar way to actively managed mutual funds. Users deposit crypto assets into yVaults, with yVaults consisting of up to 20 strategies per vault. A user’s deposit is then routed through the strategies whilst guardians and strategists monitor them. The deposits can be moved through rebalancing, shifting capital and auto-compounding, with the goal being to seek out the highest possible returns from other DeFi projects. 

    yVaults does not charge a deposit or withdrawal fees however it does charge a 20% performance fee and 2% management fee. The auto-compounding feature reduces costs, and instead of paying a transaction fee when manually compounding yield, yVaults combines your transactions with many other depositors meaning the cost per depositor is reduced.

    Iron Bank is a lending service for users and protocols. Loans provided to users are overcollateralized whilst approved loans provided for protocols are zero-collateral. 

    Another function, APY (Annual Percentage Yield), is a database displaying different interest rates from the lending protocols that provide users with estimates for how much annual interest they can expect to earn.

    The Zap feature allows users to quickly and efficiently deposit most tokens into any vault by bundling several investments into one click. It automatically converts tokens into compatible tokens for yVault (providing there is less than 1% slippage) and deposits the assets into a yVault in one transaction. This is designed to save time and transaction fees.

    What is noteworthy about Yearn.finance? 

    The native token, YFI, governs the yearn.finance platform. This means that holders of YFI can vote on platform regulation proposals. Whilst anyone can make proposals, only YFI holders can vote.

    YFI can be earned through ‘yield-farming’, by locking in cryptocurrencies in yearn.finance through smart contracts (i.e. through Vaults and Earn).

    What can Yearn.finance be used for?

    The yearn.finance platform has some key use cases. The main ones are the lending and trading of cryptocurrencies, where the majority of its products have been designed to facilitate these uses.

    Yearn.fi Price Today

    Yearn.fi's current price is $ 5,908, it has dropped -1.12% over the past 24 hours.

    Yearn.fi's All Time High (ATH) of $ 91,068 was reached on 12 May 2021, and is currently -93.5% down.

    The current circulating supply of Yearn.fi is 33.43 Thousands tokens, and the maximum supply of Yearn.fi is 36.67 Thousands.

    Yearn.fi’s 24 hour trading volume is $ 5.69 Million.

    Yearn.fi's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 197.53 Million.

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