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yearn.finance Stock

yearn.finance

YFI

Price

4,872.66
Today +/-
+0
Today %
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yearn.finance Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BitonExYFI/USDT5,145.2992,030.93278,713.0617.93 M1.79cex907/9/2025, 6:21 AM
PayBitoYFI/USDT5,147.85711,482.06815,411.556.59 M0.5cex3977/9/2025, 6:21 AM
MillioneroYFI/USDT5,328.69347,770.99388,544.122.23 M0.18cex2216/15/2025, 5:33 PM
HTXYFI/USDT5,158.01927.092,145.622.23 M0.12cex2937/9/2025, 6:23 AM
CoinUp.ioYFI/USDT5,150.6674,784.9569,446.681.94 M0.08cex4007/9/2025, 6:18 AM
BiboxYFI/USDT4,986.9336,811.5236,614.651.27 M0.49cex2617/9/2025, 6:21 AM
BinanceYFI/USDT5,145.77102,519.8458,741.61638,709.760.01cex6027/9/2025, 6:23 AM
BYEXYFI/USDT5,145.6678,938.3560,120.11596,974.340.03cex847/9/2025, 6:21 AM
BitDeltaYFI/USDT5,145.662,431.041,865.4587,819.660.47cex2287/9/2025, 6:21 AM
BVOXYFI/USDT5,146.4990,973.2101,859.37546,788.790.06cex5467/9/2025, 6:18 AM
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yearn.finance FAQ

What is Yearn.Finance (YFI)?

Yearn.finance serves as an aggregator service for decentralized finance (DeFi) investors, leveraging automation to enable the maximization of profits from yield farming. Its objective is to streamline the continually expanding DeFi space for investors who may not have a technical background or prefer to engage in a less intensive manner compared to seasoned traders. Introduced in February 2020, the service, previously known as iEarn, has experienced substantial growth recently as new products have been launched and developers have released the proprietary token YFI.

### Who Founded Yearn.Finance?

Yearn.finance is the creation of Andre Cronje. After departing from the iEarn project in February 2020, Cronje returned to lead a revitalization, introducing new tools and launching YFI in July. Since then, its success has surged, with total value locked reaching just over $1 billion by the end of September 2020. Cronje has an extensive career in the cryptocurrency industry and is closely associated with DeFi. He also holds positions at the smart contract ecosystem Fantom and CryptoBriefing, a resource focused on initial coin offerings (ICOs) and crypto media.

What Distinguishes Yearn.Finance? Yearn.Finance is unique due to its innovative approach to decentralized finance (DeFi). It automates the process of yield farming by reallocating funds to the most profitable platforms, making it accessible to a broader audience without needing specialized knowledge. By leveraging smart contract technology, Yearn.Finance optimizes returns and enhances transparency and efficiency in the DeFi ecosystem. For detailed analysis and real-time data on Yearn.Finance, you can refer to Eulerpool.

Yearn.finance was established to streamline DeFi investment and activities, such as yield farming, for a broader range of investors. The platform employs various specialized tools to serve as an aggregator for DeFi protocols like Curve, Compound, and Aave, offering the highest possible yield to those who stake cryptocurrencies. New features are continuously introduced with the aim, among other goals, of preserving the platform's long-term value. Yearn.finance generates revenue through withdrawal fees, which were 0.5% as of the end of September 2020, and a 5% gas subsidization fee. Owing to its governance model, these fees can technically be adjusted by consensus at any time. The target demographic for yearn.finance includes investors who lack the time to independently navigate the increasingly complex DeFi landscape or who wish to optimize their returns.

What is the Circulating Supply of Yearn.Finance (YFI) Coins?

The in-house token of Yearn.finance, YFI, has a fixed supply of 30,000 coins. Upon its launch in July 2020, there was no premine, and developers did not receive any initial funds; the total supply at launch was 0 YFI. Since then, the majority of the capped supply has entered circulation, with the token's success highlighted by its all-time high price of $41,000 in mid-September 2020. Notably, YFI was the first cryptocurrency to surpass Bitcoin (BTC) in value per unit. Users of Yearn.finance earn YFI by providing liquidity, and token holdings confer governance privileges. For more detailed information, refer to YFI on Eulerpool.

How Is the Yearn.Finance Network Secured?

Users of yearn.finance may encounter a significant risk of financial loss due to rapidly changing market conditions and opportunistic entities seeking to exploit less-experienced participants. Andre Cronje has made efforts to uphold transparency regarding the platform's origins, emphasizing that even after code audits, yearn.finance cannot be guaranteed to be completely secure, as decentralized finance inherently involves risk.

Where Can You Purchase Yearn.Finance (YFI)?

YFI is a freely tradable token, available with trading pairs for cryptocurrencies, stablecoins, and fiat currencies. Major exchanges offering YFI trading include Binance, OKEx, and Huobi Global, along with the automated market maker (AMM) platform Uniswap. Are you new to cryptocurrency and interested in learning how to buy Bitcoin (BTC) or any other token? Discover the details on Eulerpool.

Investors interested in yearn.finance are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.