Yearn Finance (YFI)
- Category: Ethereum Ecosystem
- Coin Launched: July, 2020
- Resources: White Paper
- Official Website: Yearn Finance
- Reddit: Yearn Finance
About Yearn Finance
Yearn Finance 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.
Yearn Finance History / Information / Buying / Staking
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YEARN FINANCE HISTORY
Yearn Finance was launched by Andre Cronje in early 2020. Cronje is a South African entrepreneur and software developer. The project received no funding, and Andre kept no tokens for himself. In July 2020, the platform launched its governance token and cryptocurrency, YFI.
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HOW YEARN FINANCE WORKS
Yearn finance is a group of protocols running on the Ethereum blockchain that allow users to optimize their earnings on crypto assets through lending and trading services. One of a number of emerging decentralized finance (DeFi) projects, yearn.finance provides its services using only code, removing the need for a financial intermediary like a bank or custodian. To do this, it has built a system of automated incentives around its YFI cryptocurrency.
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BENEFITS OF USING YEARN FINANCE
Some of the benefits of using Yearn Finance are:
Some of the highest ROIs (return on investment) SOME OF THE HIGHEST ROIS (RETURN ON INVESTMENT)
HIGH LEVEL OF SECURITY
NETVALUE SURPASSING $5 BILLION
INCREASING REVENUE
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CAN YOU STAKE YEARN FINANCE
YFI gives the right to claim your shares in the yearn. finance rewards contract. To stake your YFI tokens, simply visitYEARN FINANCE and initiate the staking transaction to the governance smart contract.
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COINS SIMILAR TO YEARN FINANCE
Direct competition to Yearn Finance which are considered similar coins are:
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