yearn.finance
YFI
yearn.finance (YFI) Feed: Events, News & Roadmap
Yearn.finance to Launch VeYFI on October 19th
Yearn.finance is going to launch veYFI on October 19th. In addition, the platform has also revealed that the gauge voting process will commence a week…
AMA
Listing on XT.COM
Listing on BTSE
AMA on Discord
Yearn Partner Roundup #10
Listing on Coineal
Listing on BitMart
AMA on Discord
Listing on Dcoin
AMA on Discord
Listing on Bitfinex
Listing on Crypto.com
Listing on Coinbase Pro
Listing on KuCoin
Listing on ATOMARS
Listing on Bitrue
Listing on Sistemkoin
Listing on XT
Listing on BitAsset
yearn.finance Events on the Chart
What is yearn.finance?
Yearn.finance, initiated by Andre Cronje in 2020, is a protocol built on Ethereum that aims to provide users optimal yields for their cryptocurrency deposits, ranging from ether to stablecoins and other altcoins. It was developed in response to discrepancies in yield returns across various DeFi platforms.
The cornerstone of the Yearn.finance protocol is its “Vaults” feature. Users deposit cryptocurrencies into these Vaults, which are then allocated using specific strategies to maximize yield while minimizing risks. Despite originally focusing on stablecoins, the scope of Vaults has expanded to include various cryptocurrencies. These Vaults also address Ethereum’s transaction cost issue by consolidating transactions, thereby reducing gas fees. Additionally, services like “Earn” streamline yield generation specifically for stablecoins and tokenized bitcoin, while “Zap” facilitates seamless swapping of certain crypto assets.
Serving as Yearn.finance“s native token, YFI holds governance capabilities. Token holders can exert influence over the protocol”s direction, voting on strategic decisions and protocol developments, thus ensuring a community-driven approach to the platform’s evolution.