How it works

yEarn aims to be a sophisticated “yield farming” automation tool with a streamlined interface. It automatically moves funds supplied by investors between the liquidity pools of various DeFi projects via smart contract, in order to achieve the highest possible return for investors. 

It also enables investors to use automation to drive decisions about which projects they should invest their funds into in order to get the best deal possible and maximize their profits.

Keep in mind

YFI is a governance token, which means that holders are able to vote on changes to the protocol’s structure or operational model. It has only been rarely distributed to users, but existing YFI can be bought or sold like any other cryptocurrency. 

Released: July 2020