YF

Yearn Finance

YFI
DeFiRank #90Ethereum

$2,598.00

+2.34%24h
+1.26%7d

Market Cap

$92.86M

Volume 24h

$9.21M

Vol / Market Cap

9.92%

Rank

#90

YFI Price Chart

About Yearn Finance

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.

How It Works

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.

Use Cases

Automated Yield Farming: Used for governance of a protocol that automatically moves user deposits to whichever DeFi platform is currently offering the highest interest.

Tokenomics

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.

Risks & Considerations

High degree of technical complexity; brand has lost momentum compared to newer DeFi "yield" innovators.

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