Yes Indeed. YFI is a good investment option in the crypto market . Yearn. finance runs on the Ethereum blockchain that allows users to optimize their earnings on crypto assets.
Read moreWhat does YFI coin do?
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 moreWhy did yearn finance go down?
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 moreHow many yearn finance coins are there?
There are a total number of 36.6K YFI tokens circulating in the market. This is 100% of the total supply of the tokens.
Read moreHow many yearn tokens are there?
The project initiated one of the first community-fair-launched token distributions, giving out 30,000 YFI tokens to early protocol users by a surprise yield farming announcement on July 17, 2020, according to Coingecko. The total maximum supply of 36,666 YFI tokens are all in circulation.
Read moreWhich cryptocurrency is YFI?
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 moreHow much was yearn finance when it started?
Finance. Yearn. Finance’s governance token YFI went from launching on July 17, 2020 at approximately $30 to over $40,000 within less than two months, reaching a market capitalization of over $1.3 billion.
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