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    yearn.finance

    yearn.finance priceYFI

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    YFI
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    1 YFI = 5,131.77 USD
    Last updated 2024-11-07 05:41:24(UTC-0)
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    yearn.finance price live data summary

    The live price of yearn.finance is $5,131.77 per (YFI / USD) today with a current market cap of $172.27M USD. The 24-hour trading volume is $38.77M USD. YFI to USD price is updated in real time. yearn.finance is 6.61% in the last 24 hours. It has a circulating supply of 33,569.07 .

    What is the highest price of YFI?

    YFI has an all-time high (ATH) of $93,435.53, recorded on 2021-05-12.

    What is the lowest price of YFI?

    YFI has an all-time low (ATL) of $739.44, recorded on 2020-07-21.
    Calculate yearn.finance profit

    yearn.finance price prediction

    When is a good time to buy YFI? Should I buy or sell YFI now?

    When deciding whether to buy or sell YFI, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget YFI technical analysis can provide you with a reference for trading.
    According to the YFI 4h technical analysis, the trading signal is Strong buy.
    According to the YFI 1d technical analysis, the trading signal is Buy.
    According to the YFI 1w technical analysis, the trading signal is Sell.

    What will the price of YFI be in 2025?

    Based on YFI's historical price performance prediction model, the price of YFI is projected to reach $7,564.67 in 2025.

    What will the price of YFI be in 2030?

    In 2030, the YFI price is expected to change by +8.00%. By the end of 2030, the YFI price is projected to reach $9,125.04, with a cumulative ROI of +98.64%.

    yearn.finance ratings

    Average ratings from the community
    4.4
    101 ratings
    This content is for informational purposes only.

    About yearn.finance (YFI)

    What Is yearn.finance?

    yearn.finance is a decentralized finance (DeFi) protocol that offers a comprehensive of DeFi services such as yield generation, lending aggregation, and insurance on the Ethereum blockchain. Developed by South African computer scientist Andre Cronje in early 2020, yearn.finance aims to simplify the process of investing in DeFi products by aggregating various reward-generating opportunities across different DeFi protocols into one user-friendly platform. This approach allows crypto asset owners to optimize their earnings through trading and lending services without the need for intermediaries.

    The platform operates through a decentralized governance model facilitated by its native token, YFI, allowing token holders to vote on various proposals and rules governing the protocol. This governance structure underscores yearn.finance's commitment to creating a truly decentralized blockchain technology-based platform, where the community has a significant say in its development and future direction. The protocol has been designed with an emphasis on usability, offering products with intuitive and simple interfaces, making it easier for both beginners and experienced users to capitalize on the benefits of decentralized finance.

    yearn.finance has rapidly grown since its inception, showcasing a promising trajectory in the DeFi landscape. Its vision of simplifying the DeFi user experience, coupled with its unique offerings like insurance products and interest rate shopping mechanisms, has positioned it as a notable entity in the burgeoning DeFi sector, fostering a future where financial services are more accessible and user-centric.

    Resources

    Official Documents: https://docs.yearn.fi/

    Official Website:https://yearn.fi/

    How Does yearn.finance Work?

    yearn.finance operates through a series of smart contracts on the Ethereum blockchain, offering a range of products that aim to maximize returns on crypto assets for its users. One of the core products of the platform is "Vaults", which act as staking pools that generate viable returns for investors based on market opportunities. These vaults employ various strategies to optimize returns, automating the yield generation and rebalancing processes, and sometimes involving complex, multi-step transactions across different platforms to boost rewards.

    Another significant product is "Earn", a lending aggregator that moves funds between different DeFi protocols like Aave, dYdX, and Compound to take advantage of fluctuating interest rates, helping users to secure the best rates at all times. The "Zap" feature facilitates the swapping of assets in and out of liquidity pools on the CurveDAO platform, bundling multiple trades into a single click, thereby saving on costs and time. Additionally, the "Cover" product offers users insurance coverage against financial losses in various smart contracts and protocols associated with the Ethereum network.

    The platform also features an APY tool that provides a detailed view of the interest rates offered by various DeFi lending protocols, helping investors make informed decisions. Through these offerings, yearn.finance not only serves as a yield aggregator but also as a platform that enhances user experience, mimicking traditional mutual funds to extract the best returns for investors while simplifying the entire process.

    What Is YFI Token?

    The YFI token is the native cryptocurrency of the yearn.finance platform, serving a dual role as a governance token and a facility for incentives on the platform. Initially planned to have a fixed supply of 30,000 tokens, it was later increased to 36,666 tokens based on community consensus. YFI token holders are entitled to vote on various proposals concerning the platform's rules and developments, with each proposal requiring over 50% of the votes for implementation. This decentralized governance model empowers the community, fostering a democratic approach to the platform's development.

    Furthermore, YFI token holders can earn a share of the platform's revenue generated from transaction fees, thereby enjoying additional value-added benefits. The token has also been used as a rewards mechanism, incentivizing participation and liquidity provision in the yearn.finance ecosystem. This approach has fostered a community-centric development model, where the benefits are shared among active participants, promoting a healthy and collaborative growth environment.

    yearn.finance's Impact on Finance

    yearn.finance has significantly impacted the financial sector by pioneering a decentralized approach to financial services. Its rapid growth and innovative product offerings have showcased the potential of DeFi to revolutionize the traditional financial systems, making financial services more accessible, transparent, and user-friendly. By automating the process of finding the best yield opportunities and simplifying the user experience, yearn.finance is democratizing access to financial services, allowing a broader audience to benefit from the opportunities presented by the DeFi space.

    Moreover, yearn.finance's collaborative and community-driven approach to development represents a shift towards a more inclusive and democratic financial ecosystem, where the power and decision-making are distributed among the community rather than being centralized. This shift not only fosters innovation but also promotes a more equitable distribution of wealth and opportunities, paving the way for a more inclusive financial future.

    What Determines yearn.finance's Price?

    The fluctuation in the yearn.finance current price is influenced by a myriad of factors intrinsic to the cryptocurrency market dynamics. When investors and traders seek to analyze the YFI price today, they often resort to resources that offer yearn.finance historical data and YFI price chart insights to gauge the potential trajectory of the asset. These tools grant a deeper look into the YFI crypto price trends, assisting enthusiasts in making informed decisions based on solid YFI price analysis. Moreover, understanding the yearn.finance (YFI) market cap and YFI trading volume are critical factors that can shed light on the asset's liquidity and market sentiment, pivotal in determining the yearn.finance token price.

    In the realm of yearn.finance price forecast, experts often delve into intricate analyses encompassing a range of factors including the broader economic environment, exchange inflows and outflows, and the latest developments in the DeFi sector, gleaned from yearn.finance latest news. The YFI price prediction 2023 might also be influenced by the platform's governance decisions, technological advancements, and community engagement, reflected in the YFI live price. Furthermore, the demand for the token in governance and staking within the Yearn network plays a significant role in shaping the yearn.finance (YFI) price live.

    Conclusion

    In conclusion, yearn.finance emerges as a robust pillar in the decentralized finance sector, facilitating seamless access to a plethora of DeFi services and yield-generating opportunities on the Ethereum blockchain. Established by Andre Cronje, the platform has evolved to offer a user-friendly interface where both novice and seasoned cryptocurrency enthusiasts can optimize their earnings without the involvement of intermediaries. Leveraging a decentralized governance system through its native token, YFI, the protocol encourages active participation from the community in steering its direction and policies. Moreover, the innovative suite of products like "Vaults" and "Earn" epitomizes a decentralized, community-driven approach to financial services, fostering a more inclusive and transparent financial ecosystem. As yearn.finance continues its upward trajectory in the DeFi landscape, it stands as a testament to the transformative power of blockchain technology in revolutionizing the financial sector, making it more accessible and user-centric. With its commitment to simplification and innovation, yearn.finance is poised to lead the charge in the DeFi space, paving the way for a democratized financial future.

    yearn.finance price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +6.61%+4.60%+2.22%+0.71%-13.92%+388.50%

    yearn.finance price history in USD

    The price of yearn.finance is -13.92% over the last year. The highest price of YFI in USD in the last year was $15,591.56 and the lowest price of YFI in USD in the last year was $4,360.38.
    TimeLowHigh
    24h$4,756.22$5,291.38
    7d$4,412.72$5,291.38
    30d$4,412.72$5,291.38
    90d$4,412.72$5,704.38
    1y$4,360.38$15,591.56
    All-time$739.44(2020-07-21, 4 years ago )$93,435.53(2021-05-12, 3 years ago )

    yearn.finance market information

    Market cap
    $172,268,820.17
    +6.61%
    Fully diluted market cap
    $188,061,628.71
    +6.61%
    Volume (24h)
    $38,766,849.5
    +70.71%
    Market rankings
    Circulation rate
    +91.00%
    24h volume / market cap
    0.225
    Circulating supply
    33,569.07 YFI
    Total supply / Max supply
    36,646.53 YFI
    -- YFI
    Buy yearn.finance now

    yearn.finance Social Data

    In the last 24 hours, the social media sentiment score for yearn.finance was 3, and the social media sentiment towards yearn.finance price trend was Bullish. The overall yearn.finance social media score was 0, which ranks 827 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with yearn.finance being mentioned with a frequency ratio of 0%, ranking 574 among all cryptocurrencies.

    In the last 24 hours, there were a total of 223 unique users discussing yearn.finance, with a total of yearn.finance mentions of 37. However, compared to the previous 24-hour period, the number of unique users decrease by 3%, and the total number of mentions has decrease by 37%.

    On Twitter, there were a total of 0 tweets mentioning yearn.finance in the last 24 hours. Among them, 0% are bullish on yearn.finance, 0% are bearish on yearn.finance, and 100% are neutral on yearn.finance.

    On Reddit, there were 42 posts mentioning yearn.finance in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 5% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    0(#827)
    Social contributors (24h)
    223
    -3%
    Social media mentions (24h)
    37(#574)
    -37%
    Social media dominance (24h)
    0%
    X
    X posts (24h)
    0
    0%
    X sentiment (24h)
    Bullish
    0%
    Neutral
    100%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    21
    Reddit posts (24h)
    42
    +5%
    Reddit comments (24h)
    0
    0%

    How to buy yearn.finance(YFI)

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    yearn.finance news

    See more
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    Director of Fallout New Vegas hints at potential sequel

    Share link:In this post: Fallout series fans hope Obsidian will develop a sequel to Fallout New Vegas. Director Josh Sawyer said he’s open to being part of another Fallout game. Sawyer asserted that he would only consider the gig if constraints were removed.

    Cryptopolitan2024-08-14 16:00

    FAQ

    Is Yearn.Finance (YFI) a good investment?

    Yearn Finance is a holistic collection of Decentralized Finance (DeFi) products that provide services such as lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders, allowing all of Yearn’s features to be provided in a decentralized manner. This makes it an interesting investment choice for those seeking to hold a diversified crypto portfolio

    What makes Yearn.Finance Unique?

    Yearn Finance stands out with its distinctive mission to streamline DeFi investments and activities, including yield farming, to cater to a wider audience. Yearn leverages a range of purpose-built tools to serve as an aggregator for prominent DeFi protocols like Curve, Compound, and Aave. With its inherent mechanics, the platform actively seeks out the most lucrative interest rates, ensuring that cryptocurrency stakers achieve the highest possible yields. Yearn Finance generates revenue through withdrawal fees, which are currently set at a modest 0.5%. Additionally, there's a 5% gas subsidization fee that varies based on Ethereum network congestion. The beauty of Yearn Finance's decentralized governance model is that these rates can be adjusted through consensus among users whenever deemed necessary.

    What gives Yearn.Finance (YFI) value?

    YFI, an ERC-20 cryptocurrency, plays a pivotal role in governing and incentivizing the Yearn Finance platform. Holders of YFI tokens wield the authority to influence the rules governing yearn.finance through proposal voting. To enact a proposal and integrate it into yearn.finance's codebase, it must secure more than 50% of the votes. While anyone can initiate a proposal, the privilege of voting on its approval is reserved exclusively for YFI holders. YFI's initial supply was fixed at 30,000 tokens, but this supply can be expanded if YFI holders deem it necessary. Presently, the maximum supply stands at 36,666 YFI. YFI holders enjoy the opportunity to receive protocol-generated revenue in the form of fees. Yearn imposes a 5% fee for its Vault service and a 0.5% fee for the Earn feature, offering enticing incentives to YFI holders.

    Which factors determine YFI token price?

    The notable factors that are responsible for determining the price of the yearn.finance token includes the general economic environment of the crypto market and exchange outflows and inflows. At the same time, the demand for the token in governance and staking in the Yearn network also affects the price of the token.

    What makes Yearn Protocol special?

    Yearn Finance simplifies DeFi investments through key products: 1. Vaults: Automated staking pools optimize returns, crowdsource gas fees, and rebalance assets for DeFi investments. 2. Earn: A lending aggregator shifts funds among DeFi protocols, maximizing interest rates for lending or asset selling. 3. Zap: Easily swap assets within CurveDAO pools, saving users time and costs. 4. Cover: Provides insurance coverage for Ethereum network smart contracts and protocols. 5. APY: Offers interest rate insights for yield farming, attracting assets and driving growth. Yearn Finance's rapid asset accumulation, with nearly $800 million in the first month, underscores its strong position in DeFi.

    Is Yearn.Finance safe?

    Users of Yearn Finance may encounter a moderate level of financial risk as market conditions evolve swiftly, and some actors may seek to exploit less-experienced participants for gains. To ensure transparency regarding potential platform risks, creator Andre Cronje openly acknowledged within the community that, despite independent code audits, Yearn Finance cannot offer an absolute guarantee of 100% safety at all times. This is a fundamental aspect of decentralized finance (DeFi), which inherently carries certain risks.

    What is the current price of yearn.finance?

    The live price of yearn.finance is $5,131.77 per (YFI/USD) with a current market cap of $172,268,820.17 USD. yearn.finance's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. yearn.finance's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of yearn.finance?

    Over the last 24 hours, the trading volume of yearn.finance is $38.77M.

    What is the all-time high of yearn.finance?

    The all-time high of yearn.finance is $93,435.53. This all-time high is highest price for yearn.finance since it was launched.

    Can I buy yearn.finance on Bitget?

    Yes, yearn.finance is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Yearn Finance guide.

    Can I get a steady income from investing in yearn.finance?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy yearn.finance with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy yearn.finance (YFI)?

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    YFI/USDT

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    buylow
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    insight399/500
    204.92%
    ROI
    Total profit $3,888,027.05
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    Total profit $1,483.30

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