yearn.finance – YFI

yearn.finance Info
Today Price 8105.71$
ATH (ALL TIME HIGH) 90787$
ATH Price Percentage Change To Now -91.029478929393%
ATH Date 2021-05-12T00:29:37.713Z
ATL (ALL TIME LOW) 31.65$
ATL Price Percentage Change To Now 25636%
ATL Date 2020-07-18T12:26:27.150Z
Market Cap 254503320$
Total Volume 30130724$
High 24h 8310.54$
Low 24h 7996.07$
Price Change Percentage in 7 Day 0.71881%
Price Change Percentage in 30 Day -10.81078%
Price Change Percentage in 60 Day -30.7296%
Price Change Percentage in 200 Day -55.96185%
Price Change Percentage in a Year -71.24388%

yearn.finance is the Number 137 Cryptocurrency in the World.
The 8105.71 symbol is yfi and Market Cap is 254503320 Dollars.
yfi ATH Was 90787 at 2021-05-12T00:29:37.713Z and ATL was 31.65 at 2020-07-18T12:26:27.150Z.
In the last 24h, yfi high was 8310.54$ And the low was 7996.07$

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.

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