Price information: The current price of YFI Product Token (YFIP) is $109.1700 with a trading volume of $115 in the last 24 hours. The current CoinMarketCap ranking is #336, with a live market cap of $85,343,758 USD. Despite its own creator’s belief that YFI is valueless, as of writing it is the second most valuable crypto after Bitcoin. SushiSwap joined as its Automated Market Maker (AMM) arm. Market Capitalization. For example, if a user deposits DAI into yearn.finance, the user will receive yDAI token in return, which is a yield-bearing DAI token. After leaving the iEarn project in February 2020, Cronje returned to oversee a rebirth, with new tools emerging and YFI going live in July. The asset rocketed to the stratosphere as its price reached the $38.869 on Monday, leaving the world’s biggest crypto Bitcoin far beyond with more than three times lower price. supply of 36,666 YFI coins. yearn.finance (YFI) is a cryptocurrency token and operates on the Ethereum platform. Yearn.finance’s YFI Rallies Towards Recent Highs as DeFi Market Rebounds. yearn.finance price equal to 37536.50 USD at 2021-03-11. If you buy yearn.finance for 100 dollars today, you will get a total of 0.00266 YFI. Bitfinex is the current most active market trading it. The platform makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield. The users or the token holders enjoy the access to voting or participating in the governance decisions of the network. For example, one of the delegated vaults is yETH, where users can deposit ETH and expect to have more ETH when they withdraw. TradingBeasts forecasts that by the end of December 2021 yearn.finance’s maximum price may grow up to $43,471.122 (+71.22%) while its average price will be around $34,776.898 (+36.98%) per token. The live yearn.finance price today is $38,279.49 USD with a 24-hour trading volume of $272,431,340 USD. YFI is the governance token for the Yearn Finance protocol. He also has positions at smart contract ecosystem Fantom and CryptoBriefing, a resource dedicated to initial coin offerings (ICOs) and crypto media. The top exchanges for trading in yearn.finance are currently Binance, Huobi Global, OKEx, BitZ, and HBTC. Daily Volume. The best exchange for trading yearn.finance is Binance. YFI, the native token of a fast-forward decentralized finance giant, Yearn Finance, has surged 8,900 percent against Bitcoin since its launch. It has a circulating supply of 36,635 YFI. Didn't receive confirmation instructions. Description. A rebase is one of the key features of an elastic currency. Yearn.finance users can face a high risk of losing money thanks to market conditions changing rapidly and opportunistic entities attempting to profit from less-experienced participants. Later, the token was added to the Binance exchange leading to price growth of up to $6500. Price Alert Successfully Saved! Yearn.finance in-house token YFI has a fixed supply of 30,000 coins. The decentralized finance (DeFi) platform act as the yield optimizer focused on creating a simple way to generate high risk-adjusted returns for depositors of various assets via best-in-class lending protocols, liquidity pools, and community-made yield farming strategies on Ethereum. Interested to stay up-to-date with cryptocurrencies? Come back later! The current CoinMarketCap ranking is #65, with a live market cap of $1,402,367,022 USD. End users also do not need to have proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. For more details, please refer to Clause 12.2 of our privacy policy and Clause 5.2 in our terms of use. It is a high risk activity, causing many investors to lose their fund to scams. YFI is the governance token for the Yearn Finance protocol. The heightened activity around the protocol has lifted token prices for YFI, which is up around 15% over the past 24 hours. Links on this page may contain affiliate links. It can be used to vote and receive cash flows from the fees earned by the protocol. Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI. The YFI token made waves when it launched this summer for various reasons. Yearn Finance Price Analysis YFI form 0 to current all time highest $4664 USD on 25 th July 2020, it is officially surged by 4660% in just one week of time. The YFI price is up 0.74% in the last 24 hours. yearn.finance is a decentralized ecosystem of aggregators that utilize lending services such as Aave, Compound, Dydx, and … Andre became one of the most famous DeFi thought leaders as he launched Yearn Finance single-handedly, witnessing YFI price went up by roughly 55x in less than 3 months, valuing Yearn Finance by more than $1 billion. Please allow notification to receive alerts. The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD. yearn.finance had an all-time high of $47,170 26 days ago. New to crypto and want to know how to buy Bitcoin (BTC) or any other token? From an intraday low of around $34,000, YFI surged to $40,000 at the time of press. You will receive an email with instructions for how to confirm your email address in a few minutes. The ETH is sent to Maker DAO as collateral in order to draw DAI where the DAI will be invested into the DAI vault, with subsequent earnings used to buy back ETH. The platform is a yield optimizer that moves funds around the decentralized finance (“defi”) ecosystem in … TradingBeasts YFI price prediction The YFI coin price is expected to reach $26,740.331 (+5.32%) per coin by the end of the year 2020. yearn.finance Price ( USD) Daily High / Daily Low. yearn.finance Quick Facts. About Moon YFI. It acts as an incentive to attract users to use the protocol while generating hype, giving out part of its native tokens. YFI the native token of the decentralized Yearn.Finance protocol came into the limelight this weekend. You will receive an email with instructions on how to reset your password in a few minutes. The token is of no intrinsic value. Firstly, Andre Cronje used a unique token distribution model. Since then, its fortunes have turned around, with assets under total value locked coming in at just over $1 billion as of the end of September 2020. Major exchanges trading YFI include Binance, OKEx and Huobi Global, as well as automated market maker (AMM) Uniswap. YFI Price Update. Cronje has a long career in cryptocurrency and has become synonymous with DeFi in particular. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited. The market cap is $1,099,160,178 and the 24h volume is $400,070,482. How do you feel about yearn.finance today? yearn.finance has a current supply of 30,000 with 29,962.093 in circulation. YFI is a token … supply is not available. Find out more about Harvest Finance (FARM) here. The amount of tokens held in your wallet are modified every 24 hours based on the 24 hour weighted average of the token price. At the end of August, YFI market cap reached $1 billion, and the price came close to $40,000. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. The circulating supply is not available and the max. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Yearn.finance (YFI) is an Ethereum token that governs the Yearn.finance platform. These include decisions such as the supply and the distribution of potential tokens to the users. Subsequent launch of the KP3R token, a network that facilitates keepers to perform automated tasks on behalf of requestors, saw the price go up by 22x in less than 3 months, valuing KP3R at more than $100 million. Moon YFI is up 8.79 % in the last 24 hours. Yearn Finance v2 follows the traditional hedge fund fees structure of 2/20 where it charges 2% for management fee and 20% for performance fee. yearn.finance Daily Performance. yearn.finance (YFI) token price is 38087.0114 USD. YFI can be obtained by buying them from exchanges such as Sushiswap or Binance. Price. Delegated vaults basically use any assets as collateral to borrow stablecoins and recycle the stablecoins into a stablecoin vault. Over the past few weeks, Yearn.finance community members have been driven by a goal of YFI’s price reaching parity with that of Bitcoin. YFI is a freely-tradable token, with pairs for cryptocurrencies, stablecoins and fiat currencies all widely available. This website uses cookies for functionality, analytics and advertising purposes as described in our. The activity of aping will not die down anytime soon with numerous projects achieving high valuation within a short span of time. It has a circulating supply of 36,635 YFI coins and a max. You can find others listed on our crypto exchanges page. Yearn.finance makes a profit by charging withdrawal fees, currently 0.5% at the end of September 2020, as well as 5% gas subsidization fees. Other than simple yield farming, Yearn Finance also released a product named delegated vault. This goal came to fruition overnight, as the token’s price rocketed to highs of over $12,000 before facing an influx of selling pressure that caused it to dip as low as $9,000. YFII Price Live Data. Get the latest crypto news, updates, and reports by subscribing to our free newsletter. The live DFI.Money price today is $2,211.21 USD with a 24-hour trading volume of $77,260,270 USD.. DFI.Money is down 6.11% in the last 24 hours. YFI product YFIPT is a decentralized ERC20 token which reaches supply-price equilibrium by increasing and decreasing the total supply. We're indexing our data. yearn.finance is a DeFi yield aggregator, governed by YFI token holders. Based on our forecasts, a long-term increase is expected, the price prognosis for 2026-03-07 is 266450 US Dollars. The last known price of yffi finance is 5.7004039 USD and is down -1.62 over the last 24 hours. And in a couple of days, the price of YFI doubled to $12000. Crypto newbie? YFI was also the first cryptocurrency to become worth more than Bitcoin (BTC) per unit. You can find YFI trading on various centralized and decentralized cryptocurrency exchanges. Based on IntoTheBlock's "In/Out of the Money Around Price" model, over 900 addresses previously purchased over 10,000 YFI tokens between $13,600 and $14,000. Yearn.Finance (YFI) is one of the most talked-about cryptocurrencies of 2020, both due to its scarce 30,000 token supply and its miraculous price increase to more than 1 BTC in value.. Since then, the majority of the capped supply has entered circulation, and the success of the token is reflected in its all-time high price of $41,000, which it hit in mid-September 2020. The YFI Token. There was no premine upon launch in July 2020, and developers did not receive any starting funds: the total supply at launch was 0 YFI. $ 35514.62 / $ 30608.66. now it officially listed on CMC and on DeFi project list secured position in top 10 highest market volume DeFi Project. When the price hits the target price, an alert will be sent to you via browser notification. The current CoinMarketCap ranking is #4119, with a live market cap of not available. 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. yffi finance (YFFI) is a cryptocurrency and operates on the Ethereum platform. However, the DeFi token could fall to $15,000 or deeper if Bitcoin brings down the rest of the crypto market. Rather than conducting a token sale for YFI, he distributed it directly to users who had deposits in liquidity … Unique thing about this YFI series is they have very limited supply ranging between 30 to 50 Thousand. Find out the details here. $ 35334.44. YFI price is up 6.7% in the last 24 hours. Any subsequent earnings are then used to buy back the asset. DeFi protocols need to bootstrap capital to provide liquidity for exchanges, lend to borrowers, underwrite insurance risk, etc. YFI initiated the first community-fair-launched token distribution, giving out 30,000 tokens to early protocol’s users by a surprise yield farming announcement back in 17-July-2020. 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. The price of YFI might be a result of TVL locked in the protocol, or as Cronje said, just simply the token’s purpose vs. the investor’s valuation. $31,035. YFI token is the native token for yEarn. Yearn.finance (YFI) is an Ethereum token that governs the Yearn.finance platform. During the weeks of 24 November until 3 December 2020, Yearn Finance announced the Merger and Acquisition (M&A) of multiple protocols, essentially forming an alliance revolving around YFI. Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders. And now, an analyst says that the cryptocurrency could grow further. All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. New features continue to be rolled out, these aiming, among other things, to help preserve the long-term value of the platform. It normally involves directly interacting with the Ethereum contract before a website UI is out or buying it straight from DEX such as Uniswap. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. There are even multiple Yearn Ecosystem Index tokens launched such as YETI by Powerpool and YPIE by PieDAO. It has a circulating supply of 36 Thousand YFI coins and a max supply of 36.7 Thousand. The Yearn.finance coin (YFI) is a utility coin used to access DeFi products on Yearn. Yearn.finance set out to simplify DeFi investment and activities such as yield farming for the broader investor sector. You can find others listed on our crypto exchanges page. Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. No content on our Site is meant to be a solicitation or offer. One of the examples is when Andre launched EMN, a game economy engine called “Eminence” that was subsequently hacked for $15 million. Due to its governance model, these can technically be changed by consensus at any time. Investors have ignored the pinned tweet at yearn.finance’s Twitter account that reads, “The token is to manage the platform. Of all these cryptocurrencies, the governance token YFI lead the charge as it … The target market for yearn.finance is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch, or who wish to optimize their returns. This is a massive rise from its one-week lows of $7,500 set just a few days ago. This YFI coins may have some drops in coming weeks but if you are looking for a long term and high return investment then this could be a good option. Discussion https://yearn.finance/ Yearn Finance v1 charges a withdrawal fee of 0.5% plus 5% performance fee from the gas cost saved. Users of yearn.finance earn YFI through providing liquidity, while token holdings dictate governance privileges. Yearn.finance is the brainchild of Andre Cronje. At the time of writing, Yearn.finance’s YFI token is trading up over 15% at its current price of $17,400. yffi finance has a current supply of 0. A leading crypto-asset analyst recently shared that YFI’s recent price action looks extremely similar to that of Ethereum prior to the cryptocurrency’s major bull run in 2017. You should conduct your own research, review, analyse and verify our content before relying on them. Yearn Finance v2 was launched on 19 January 2021. Part of the current Yearn.finance token price is due to the small amount of 30,000 YFI that were minted at the creation of the platform. YFI token. Many cryptocurrencies have undergone price increases while Bitcoin remained sideways at $11,600. yearn.finance's market cap is $1.35B. Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming. yearn.finance reached its highest price on February 12, 2021, when it was trading at its all-time high of $ 51,424. Behind the scenes, a protocol works to alter the supply of the tokens at a specific timeframe. Today's yearn.finance price is $37,343, which is down <1% over the last 24 hours. 24 hour YFI volume is $348.93M.It has a market cap rank of 68 with a circulating supply of 36,096 and max supply of 36,666. yearn.finance is traded on exchanges. Discover everything you need to know with Alexandria, CoinMarketCap’s dedicated education resource. 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. This YFI coin has value of 32,000 USD Dollars which is almost 3 times of 1 Bitcoin. The coin was launched in July 2020, and by the end of the month, YFI managed to jump four times higher from $900 to $4000. How do you feel about yearn.finance today? He is vocal on Twitter with his ethos of fair token launch and having a bias on launching experimental projects before audits, which gave birth to one of the DeFi main activities “Aping”. All Time High. Yield Farming refers to the activity of depositing and locking capital in a DeFi Protocol for the reward of the protocol’s native tokens. Aping basically means buying the tokens the moment it launches in Ethereum mainnet before fully knowing the function of the tokens. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. Since then, the majority of the capped supply has entered circulation, and the success of the token is reflected in its all-time high price of About yearn.finance. Get the latest YFI Product Token price, YFIPT market cap, trading pairs, charts and data today from the world’s number one cryptocurrency price-tracking website Yearn.Finance, Other DeFi Tokens At Risk Of Getting Dragged Down By BTC The protocol is maintained by various independent developers and is governed by YFI holders. Last updated: 22093 minutes ago. Basically, the vault will help users to claim yield farming rewards and sell it for the underlying assets. The live Moon YFI price today is $6.90 USD with a 24-hour trading volume of not available. Any use or reliance on our content is solely at your own risk and discretion. But the lure of getting early access to tokens that might go up rapidly in price is attracting tons of speculators. All About yearn.finance. Any transactions associated with this coin will also be removed. CoinGecko may be compensated when you sign up and trade on these affiliate platforms. yearn.finance price today is $38,406 with a 24-hour trading volume of $346,081,414. yearn.finance is up 7.48% in the last 24 hours. You can buy around 0.9160 YFIP tokens now for $100 All prices are in USD. Cronje himself has sought to maintain transparency about the platform’s provenance, noting that even after code audits, yearn.finance could not be guaranteed to be 100% safe — DeFi involves inherent risk. Akropolis joined as its institutional service provider for yVaults and upcoming lending products. Yearn.finance’s native token, YFI, is expected to outperform into 2021 due to fundamental and technical trends. To receive alerts, please allow web browser notification permission. OG Fan Token OG #869. It was previously known as iEarn. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols.