Since YIP-61: Governance 2.0 passed on April 25th, 2021, yearn began the transition into a multi-DAO structure , managed by constrained delegation.
Read moreIs yearn finance a cryptocurrency?
YFI is the native cryptocurrency of the Yearn Finance platform : a collection of decentralized finance (DeFi) products that allow users to earn interest on their crypto assets using smart contract platforms like Ethereum. Yearn Finance’s yield products typically offer yields of 25% to 35%.
Read moreIs yearn finance trustworthy?
Yearn. finance can be considered a platform with impeccable security standards , and the governance lies with only YFI holders, making it a self-governed platform. This implies that the finance community that uses the protocol will monitor it (where one token has one vote).
Read moreHow much can yearn Finance be worth?
YFI Price Statistics yearn.finance Price$20,514.12Volume / Market Cap0.1522Market Dominance0.04%Market Rank#100Total Value Locked (TVL)$2,978,680,128yearn.finance price today, YFI to USD live, marketcap and chart coinmarketcap.com › currencies › yearn-finance
Read moreWhy is yearn Finance dropping?
Decentralized finance’s Yearn. finance (YFI) has dropped 10% in the past 24 hours despite strength in Bitcoin. The YFI coin is down over 33% from its all-time high price set just weeks ago. The coin seems to be dropping due to a wider bout of weakness in DeFi, caused by a number of trends .
Read moreWhat’s the deal with yearn finance?
Yearn Finance (YFI) is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation and insurance on the Ethereum blockchain . The protocol is maintained by various independent developers and is governed by YFI holders, according to documents on the project’s website.
Read moreWho is behind yearn finance?
Andre Cronje : Founder of Yearn.
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