It is a useful tool for users looking to receive passive income through staking but don’t have the time or know-how to search through all the various protocols that offer staking in order to find the best rate. The current CoinMarketCap ranking is 98, with a live market cap of 377,968,093 USD. yearn.finance is up 6.22 in the last 24 hours.
YEARN FINANCE YFI UPDATE
We update our YFI to USD price in real-time. Holding the YFI tokens gives the holder voting rights, and the ability to create and vote on proposals. The live yearn.finance price today is 10,316.36 USD with a 24-hour trading volume of 172,191,320 USD. It searches every major staking platform and compares their rates to ensure the user is getting the best possible reward for staking across several protocols. YFI is the governance token of Yearn.finance. The yearn.finance ecosystem converts resources (liquidity pools) from other DeFi platforms into synthetic assets within its ecosystem in order to maximize trading profitability for its users. Users receive YFI in exchange for providing liquidity to the network. Has ballooned in popularity with the total value locked surpassing $5B recently Ĭreator Andre Cronje deposited his own funds on the network to prove its security and promised to be the last to withdraw Set out to simplify the process of obtaining optimal results from staking Spawned from the idea that DeFi was becoming too complicated for the regular user What makes it unique?Ī revolutionary aggregator service to attempt to maximize the amount of yield a user can get out of a given investment The more YFI a user has, the greater their weight in the platform's decision-making.
As a governance token, YFI grants voting rights to its holders. Yearn Finance is a suite of decentralized finance (DeFi) products that let users optimize their earnings on crypto assets through lending and trading services. YFI is the governance token of the yearn.finance environment. Yearn Finance is an Ethereum-based yield aggregation platform that helps users maximize yield from lending their cryptocurrency across various DeFi protocols. Its use of automation is seen as a way to onboard a wider audience who may not be as technically minded.
It uses proprietary tools to scour many of the top staking DeFi protocols to bring the highest possible yield to users looking to stake their cryptocurrency. Launched in February 2020, Yearn.Finance is an aggregator service that focuses on maximizing yield from yield farming.
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