Details about Yearn CRV cryptocurrency
€168,520
3,709,597
0
Unknown
https://yearn.finance/
@iearnfinance
981984x
€317936
Yearn CRV price charts
YCRV exchanges
Yearn CRV, the crypto
Yearn CRV (YCRV) is a stablecoin that was created by Yearn Finance. It is a tokenized version of Curve Finance's yPool index, which is a pool of different stablecoins that are designed to maintain a peg to the US dollar. YCRV allows users to hold a diversified basket of stablecoins in a single asset, providing exposure to different collateral types and minimizing risk.
The point
The main point of Yearn CRV (YCRV) is to provide users with a stablecoin that is backed by multiple stablecoins, providing diversification and stability. By holding a single asset that represents exposure to multiple assets, users can simplify their portfolio management and reduce transaction costs associated with trading multiple stablecoins individually.
The problem
Yearn CRV (YCRV) tries to solve the problem of stablecoin volatility, which can be a barrier to widespread adoption and use of stablecoins. By creating a diversified basket of stablecoins, YCRV aims to minimize the risks associated with holding any one stablecoin while maintaining a stable value pegged to the US dollar.
Compare YCRV and BTC performance
| Timeframe | YCRV | BTC |
|---|---|---|
| 1h change | -0.28103 % | -0.234911 % |
| 24h change | 3.15 % | 1.25967 % |
| 7 day change | -3.33 % | -1.44157 % |
| 14 day change | -26.89 % | -9.47799 % |
| 30 day change | -37.12 % | -7.33786 % |
| 200 day change | -24.83 % | 129.168 % |
| Year change | -60.35 % | 129.33 % |