Today’s Yearn.finance (YFI) Price and Market Data
The current price of yearn.finance (YFI) is $5,112.23**, with a 24-hour trading volume of **$15.17 million. YFI has shown 0.00% price movement in the last 24 hours. The circulating supply is 33,809 YFI, and the maximum supply is capped at 36,666 YFI.
What Is Yearn.finance?
Yearn.finance is a decentralized asset management platform offering a suite of DeFi applications, including liquidity provisioning, loan aggregation, and insurance. Its flagship product, Vaults, leverages community-driven yield farming strategies to maximize user returns. The platform is governed by its native Ethereum-based token, YFI.
A Brief History of Yearn.finance
- February 2020: Developer Andre Cronje launched iEarn, an early DeFi aggregator, which evolved into yearn.finance.
- July 2020: YFI token was introduced with no pre-mining or ICO, distributing 30,000 tokens evenly to users and liquidity providers.
- Vaults Launch: The yUSD vault surpassed $600 million in TVL**, followed by **yETH**, which attracted **$140 million in ETH deposits on its first day.
- March 2022: Cronje announced stepping back from DeFi, emphasizing decentralization.
Yearn.finance quickly became one of DeFi’s fastest-growing projects, amassing $800 million in assets within its first month.
How Does Yearn.finance Work?
Yearn.finance automatically optimizes yields by shifting user funds across top DeFi protocols like:
- Compound
- Aave
- dYdX
Key Features:
- Earn: High-yield savings via automated stablecoin strategies (supports DAI, USDC, USDT, TUSD, sUSD).
- Vaults: Smart savings accounts (e.g., yETH) that maximize returns through yield farming.
- Governance: YFI holders vote on proposals (50%+ approval required).
👉 Discover how YFI vaults boost your crypto earnings
What Is YFI Used For?
- Governance: Voting rights for platform upgrades.
- Revenue Sharing: Earn a portion of platform fees.
- No ICO or Pre-Mining: Fully community-distributed.
FAQs About Yearn.finance
1. Is YFI a good investment?
YFI’s value depends on DeFi adoption and platform growth. Its limited supply and utility in governance make it unique.
2. How do I stake YFI?
Deposit into yearn.finance Vaults to earn yields automatically.
3. What’s the difference between yUSD and yETH?
- yUSD: Optimizes stablecoin yields.
- yETH: Focuses on Ethereum-based strategies.
👉 Learn advanced YFI staking strategies here
4. Is yearn.finance secure?
Yes—its audited smart contracts and decentralized governance reduce risks.
Key Takeaways
- YFI Price: $5,112.23 (live tracking).
- Use Cases: Yield farming, governance, fee sharing.
- Unique Aspect: No pre-mined tokens or ICO.
Yearn.finance remains a top DeFi platform for passive income. For real-time YFI data, visit: