SPOT PRICE / USD
$1,855.73
▼ -4.03% / 24H
MARKET CAP
$66.57M
24H VOLUME
$12.85M
24H HIGH
$1,944.40
24H LOW
$1,826.96
7D CHANGE
-3.28%
30D CHANGE
-18.41%
1Y CHANGE
-61.74%
ALL-TIME HIGH
$90,787.00
CIRCULATING
35.87K YFI
MAX SUPPLY
36.67K
ATH DROP
-97.96%
ATH DATE
May 11, 2021
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. 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. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD. 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. Later on, it collaborated with Curve Finance to release a yield-bearing USD…
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