Yearn Finance
YFI$2,598.00
Market Cap
$92.86M
Volume 24h
$9.21M
Vol / Market Cap
9.92%
Rank
#90
YFI Price Chart
Yearn Finance is a DeFi protocol that optimizes yield farming strategies.
Yearn Finance is a decentralized finance protocol that automates yield farming strategies to optimize returns.
A decentralized yield aggregator. It uses "Vaults" to automatically move users' funds between different lending protocols (like Aave or Compound) to ensure they are always earning the highest possible interest rate.
Automated Yield Farming: Used for governance of a protocol that automatically moves user deposits to whichever DeFi platform is currently offering the highest interest.
Yield Aggregator: A governance token with a very small supply (36k). Used to vote on "Strategies" that automatically move user funds to whichever DeFi lending protocol is currently paying the highest interest.
High degree of technical complexity; brand has lost momentum compared to newer DeFi "yield" innovators.
