![]() yearn.finance is -2.74 in the last 24 hours with a circulating supply of 33,041.64. ![]() YFI to USD price is updated in real-time. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited. The live price of yearn.finance is 5,592.89 per (YFI / USD) with a current market cap of 184.80M USD. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise.Įnd users also do not need to have proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. Yearn Finance debuted the vault feature after its token launch, igniting a frenzy on automated yield farming and is considered the initiator of the category of yield farming aggregator.īasically, the vault will help users to claim yield farming rewards and sell it for the underlying assets. Later on, it collaborated with Curve Finance to release a yield-bearing USD tokens pool that includes four y-tokens: yDAI, yUSDT, yUSDC and yTUSD, it is named as yUSD. The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD.įor example, if a user deposits DAI into yearn.finance, the user will receive yDAI token in return, which is a yield-bearing DAI token. It started out as a passion project by Andre Cronje to automate the process of switching capital between lending platforms in search of the best yield offered, as the lending yield is a floating rate rather than fixed rate.įunds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. The protocol is maintained by various independent developers and is governed by YFI holders. Within the week, the price of YFI in GBP had the largest 24-hour price movement on Wednesday (2 days ago) by 68.47 ( 1.6 ). The daily exchange rate of yearn.finance (YFI) to GBP fluctuated between a high of 4,351.06 on Saturday and a low of 4,247.05 on Tuesday in the last 7 days. ![]() In the past 24h, the exchange rate was moving between 125.7533 and 126.8552 USD. 7-day price history of yearn.finance (YFI) to GBP. Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. YFI conversion to US Dollar is 1 YFI 126.8552 USD.
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