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yearn.finance YFI |
BUY
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€2355.93 |
1.17 % (24h) |
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Marketcap |
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€84,206,974 |
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Volume 24h |
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€19,779,022 |
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Description
yearn.finance (YFI) is a decentralized aggregator for DeFi protocols that uses automated "vaults" to find the highest yields for its users' deposits. By moving capital between different lending platforms like Compound, Aave, and DyDx, it simplifies the complex world of yield farming for everyday investors. The YFI token is the governance asset for the protocol and was famously distributed through a "fair launch" with no pre-mine or venture capital backing. Holders of YFI have full control over the protocol's development, treasury management, and the addition of new yield-generating strategies.