Yearn’s Cronje Backs $10M Funding Round for DeFi’s Instadapp
The India-based startup will use the funding to continue developing a “middleware” layer for the DeFi ecosystem.
yearn.finance price
(YFI)
Share
Share
$30,324.16
+5.11%
Market stats
$1.1B
$195.4M
36.6K YFI
15 days
#42
About yearn.finance
Yearn.finance (YFI) is an Ethereum token that governs the Yearn.finance platform. The platform is a yield optimizer that moves funds around the decentralized finance (“defi”) ecosystem in an effort to generate a high return.
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
yearn.finance is on the decline this week.
The price of yearn.finance has fallen by 15.13% in the past 7 days. The price increased by 5.11% in the last 24 hours. In just the past hour, the price shrunk by 1.11%. The current price is $30,324.16 per YFI. yearn.finance is 66.77% below the all time high of $91,256.72.The current circulating supply is 36,635.44 YFI.Top stories
DAOs Prepare for the Next Crypto Winter With Treasury Diversification
DeFi projects are selling off governance tokens to get ready for tougher days ahead.
Yearn.finance’s YFI Token Surges 22% to New Record as DeFi Platform Adds Collateral
Since April, collateral locked in the digital-asset investing platform has more than doubled, outpacing industry growth.
Yearn Finance Earns $5M in Q1, Besting Total 2020 Profit
DeFi's original robo adviser for yield is betting on transparency as it grows through the bull market.
Yearn Finance Creator Introduces DAO Payroll System
How does a Decentralized Autonomous Organization reward its members when it doesn't have an HR department? Enter Coordinape.
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