yearn.finance (YFI)
Details about yearn.finance cryptocurrency
€275,989,530 ( -0.23146%)
€45,080,700
36,666
33,275
65.085
Unknown
https://yearn.finance
@iearnfinance
4677x
€38794800
yearn.finance price charts
YFI exchanges
yearn.finance, the crypto
Yearn.finance (YFI) is a decentralized finance (DeFi) platform developed on the Ethereum blockchain. It acts as a yield aggregator, providing users with a way to optimize and maximize their returns on various cryptocurrencies by automatically investing their holdings in the highest-yielding liquidity pools available in the DeFi ecosystem.
The point
The main point of yearn.finance (YFI) is to help users achieve the highest possible returns on their cryptocurrency holdings by automating the yield-optimization process. By using sophisticated algorithms, YFI is able to dynamically allocate users' funds across different DeFi protocols based on their risk/reward preferences.
The problem
One of the main problems that YFI tries to solve is the complexity involved in yield farming, which can be a daunting task for many inexperienced users. YFI aims to simplify and automate the process, making it more accessible to a wider audience. Additionally, YFI seeks to address the issue of liquidity fragmentation in the DeFi ecosystem by optimizing users' returns across multiple protocols simultaneously.
Compare YFI and BTC performance
Timeframe | YFI | BTC |
---|---|---|
1h change | 0.714458 % | 0.540472 % |
24h change | -0.14 % | 1.35928 % |
7 day change | 0.47 % | 7.11285 % |
14 day change | -10.13 % | -1.59007 % |
30 day change | 5.72 % | 25.8729 % |
200 day change | 66.53 % | 172.53 % |
Year change | 8.31 % | 165.178 % |