![]() The token price is also up by 1.9% in the last 24 hours.Īlso, join us on Telegram to receive free trading signals.įor more cryptocurrency news, check out the Altcoin Buzz YouTube channel.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. YFI PriceĪt the time of writing, $YFI was trading at $ 23,897.99, with a market cap of $ 852,981,981 and a 24-hour trading volume of $ 130,376,844. The token also rose to an all-time high of $90,786.89. Furthermore, landing the title of being one of the most expensive tokens in the crypto space in such a short period of time. A few months after its launch, the token crossed the $40,000 price range. Yearn Finance ($YFI) has attracted a lot of attention since its inception. Which are supplied to Curve Finance to earn $CRV tokens.Īccording to reports, newer tokens on Yield Finance seem to be the best bet in earning huge APYs as compared to more popular tokens like LINK, ETH, UNI, TUSD, etc. The pool is made up of wrapped or synthetic ETH assets (WETH). ETH yVault has an APY of 1.17% and a total asset of $544,629,603.The vault supplies LeagueDAO with LINK tokens while earning LEAG in the process. LINK yVault currently has an APY of 0.11% and a total asset of $5,638,301.Some of its lowest APYs can be found in its LINK and ETH pools. Token holders also earn fees when users trade in the pool. The pool is made up of the ibGBP and the sGBP minted from the Iron Bank and Synthetix platforms, respectively. The token also represents a Curve Liquidity Pool (LP). Next is Curve ibGBP with a current APY of 36.25% and a total asset of $20,835,154.Notably, the pool also has a total asset of $478,332. Token holders earn fees when interested persons trade in the pool. The pool contains both Curve native token $CRV and its Convex tradable version $veCRV tokens. Curve cvxCRV, a Curve liquidity pool token, currently has an APY of 40.88%.Highest and Lowest APYs on yVaultsĪccording to Yearn Finance, some of its new tokens have the highest APYs on its yVaults. Notably, only proposal switch majority votes of over 50% will be implemented. These proposals are then voted on by YFI token holders. Major ecosystem changes need to first be submitted as proposals. Some of the supported cryptos on YFI Earn include TUSD, DAI, USDC, USDT, etc.Īlso, governance on Yearn Finance is carried out by $YFI token holders. It functions as a DeFi lending aggregator, providing the highest yield possible for crypto tokens by moving these tokens across top ETH-based lending protocols like Aave, dYdX, Compound, etc. YFI Earn is a core product of the Yearn Finance ecosystem. Lastly, the launch of No Withdrawal Fee.New yVaults Controllers (Strategist and Guardian).Automatic vault housekeeping (Keep3r network).The introduction of an estimated 20 strategies for every vault.YVault V2 also recently went live with major strategic improvements. yVault also has a 20% performance and a 2% management fee structure. During withdrawal, crypto-assets can be easily swapped back to supported tokens like ETH, DAI, USDT, USDC, etc. Zapper also helps in carrying out withdrawals on Yearn Finance. ![]() The only requirement needed to Zap in assets is to ensure the token can be swapped on Uniswap with at most 1% slippage. Interestingly, it is quite easy to deposit crypto assets into yVaults with Zapper. Which in turn searches out the highest possible yield in the DeFi space using a strategy. LPs on Yearn Finance can easily deposit their crypto assets on yVault. YVaults are quite similar to conventional saving accounts but for crypto assets. The Yearn Finance ecosystem currently boasts of several products like yVaults, Earn, Iron Bank, and Woofy. In May 2020, the token attained its current all-time high of $90,786.89. The native token of the Yearn Finance ecosystem is the $YFI token. Some of these lending protocols include Aave, dYdX, Curve, Compound, etc.įounded in 2020 by popular crypto enthusiast Andre Cronje, Yearn Finance has been touted as one of the most truly decentralized DeFi projects. The protocol provides its users with the best possible yields by simply moving their funds across several DeFi lending protocols. Yearn Finance $YFI is an ETH-based DeFi aggregator protocol providing its users with all things DeFi. Amidst the current bearish tendencies of the cryptocurrency space, investors and crypto enthusiasts are looking to farm yields on protocols like Yearn Finance for solace.
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