Yearn Finance Network

1. Summary

Ranks

Liquidity

-

Developer

-

Social

15

Momentum (beta)

0

Stack Rank™

-

Price

$0.000012360000 0.0%

Market Cap

$0.00 (#8480)

Supply

/

Tags

Ethereum Ecosystem

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Price
52W High price	$0.50
52W High date	15th Dec 2021 (2 years ago)
All Time High (ATH) Date	3rd Aug 2024 (3 months ago)
All Time Low (ATL) Date	3rd Aug 2024 (3 months ago)

Supply & Trading Volume

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Description

Yearn Finance is a decentralized finance (DeFi) protocol that enables users to maximize their annual profits through yield farming and other yield generation mechanisms. The platform uses smart contracts to automatically allocate user deposits across various DeFi lending protocols, such as Compound and Aave, to optimize returns.

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Yearn Finance is a decentralized finance (DeFi) protocol that enables users to maximize their annual profits through yield farming and other yield generation mechanisms. The platform uses smart contracts to automatically allocate user deposits across various DeFi lending protocols, such as Compound and Aave, to optimize returns.

Yearn Finance has two core products:

Vaults

Vaults are pools of capital that automatically generate yield based on market changes. They spread gas fees among all participants and automatically adjust capital allocations when new opportunities arise.

Earn

Earn is a lending aggregator that automates the process of shifting funds between decentralized exchanges (DEXs) and lending protocols to obtain the best interest rates.

Governance

Decisions for the direction of the Yearn ecosystem are made through an off-chain governance system, where YFI token holders vote on proposals. A majority consensus is required for a proposal to be implemented by Yearn’s nine-member multi-signature wallet.

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