Yearn Ethereum Finance

1. Summary

Ranks

Liquidity

-

Developer

-

Social

78

Momentum (beta)

0

Stack Rank™

-

Price

$0.009990670000 0.0%

Market Cap

$0.00 (#10716)

Supply

/

Tags

Ethereum Ecosystem

More Metrics

Price
52W High price	$0.15
52W High date	15th Nov 2021 (3 years ago)
All Time High (ATH) Date	26th Dec 2024 (1 month ago)
All Time Low (ATL) Date	26th Dec 2024 (1 month ago)

Supply & Trading Volume
Trading Volume (24h)	$8.00

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Description

Yearn Finance

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Yearn Finance

Yearn Finance, also known as yEarn, is a decentralized finance (DeFi) ecosystem built on the Ethereum blockchain. It aims to maximize annual percentage yields (APY) for users by automatically moving funds between DeFi protocols such as Compound, Aave, dYdX, and Curve, to find the highest yields available.

Key Features

• The ecosystem includes multiple protocols, with yearn.finance being the core service.
• yEarn supports several stablecoins, allowing users to optimize their returns by allocating funds across different DeFi protocols.
• The project is governed by an ERC-20 token called YFI, which is used for voting and distribution of rewards.
• Yearn Finance is known for its decentralized nature and high APY yields, earning it the nickname "the Bitcoin of DeFi".
• The platform has expanded to include other protocols such as ytrade.finance, yliquidate.finance, and yswap.exchange.

YFI Token

• YFI is the governance token of Yearn Finance, with a total supply of 30,000 tokens.
• YFI is used for governance and voting within the protocol.
• YFI can be earned by interacting with Yearn Finance’s protocols and services.

Effectiveness

Yearn Finance aims to simplify DeFi and maximize returns for users, making it a significant player in the yield optimization space.

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