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Non-Fungible Yearn

NFY

Non-Fungible Yearn is not available for trading on the Coinbase Exchange, but is supported on Coinbase Wallet

Buy Non-Fungible Yearn with Coinbase Wallet

Non-Fungible Yearn can be traded using Coinbase Wallet, your key to the world of crypto.

Trade Non-Fungible Yearn

Non-Fungible Yearn is only available through Coinbase Wallet. Assets on Coinbase Wallet are not held by Coinbase. Use of Coinbase Wallet is subject to these terms.

Market

Market stats

Market cap

Not enough data

Volume (24h)

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Circulating supply

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All time high

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Price change (1h)

+100%

Price change (24h)

+100%

Price change (7d)

+100%

Get up to $200 for getting started

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

About Non-Fungible Yearn

Non-Fungible Yearn (NFY) is a DeFi platform that uses NFT tokens to make Yield Farming more flexible and secure by protecting users' wallets. As cited on its website, the platform creates the first transferable stake and makes Yield Farming secure. Non-Fungible Yearn aims to utilize the full potential of NFT tokens in the DeFi sector. As of now, DeFi is influenced by ERC-20 tokens, which are fungible. A fungible token means all tokens are the same and are not unique. There are token standards that get rarely mentioned, like ERC-721. The Non-Fungible Yearn platform aims to re-consider how these tokens have been used by creating a use case for them in DeFi. ERC-721 is an open standard to build unique tokens on the Ethereum blockchain.

Furthermore, the platform permits users to stake their various cryptocurrency holdings in multiple pools to earn NFY. NFY is the governance token of the platform. The NFY platform seeks to build an ecosystem where instead of a stake tied to a users' account, it is linked to a transferable NFT. The user, when stakes on the NFY platform, an NFT is minted, and details of the user's stake get stored in the NFT by referencing its unique token id. Minting is a method of producing coins for circulation or sale to collectors. Besides, users are provided with whether they want their rewards to be added to their NFTs or redeem their rewards. Moreover, NFY creates a secondary market for already staked tokens. Users can trade their stake directly rather than unstaking.

Additionally, when a user stakes their NFY liquidity token in the platform, it gets locked in the platform forever. Liquidity is the efficiency with which an asset gets converted into cash without affecting the market price. NFY aims to be a pioneer and the first one in the masses to have the ability of NFTs and the ERC-721 standard in DeFi. However, the platform charges no transaction fees while transferring NFY or NFT. Still, it seeks to have a fee in NFY when utilizing the trading platform.

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Non-Fungible Yearn is on the rise this week.

The price of Non-Fungible Yearn has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Non-Fungible Yearn’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of Non-Fungible Yearn?

We update our Non-Fungible Yearn to USD currency in real-time. Get the live price of Non-Fungible Yearn on Coinbase.

What other assets are similar to Non-Fungible Yearn?

Assets that have a similar market cap to Non-Fungible Yearn include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy Non-Fungible Yearn on Coinbase?

Yes, Non-Fungible Yearn is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Non-Fungible Yearn guide.

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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.