Yearn.finance (YFI) is a cryptocurrency that powers an aggregator service for decentralized finance (DeFi) investors, helping them maximize profits from yield farming. It was launched in February 2020 by Andre Cronje, and its goal is to simplify the DeFi space for less technical investors ¹ ².$YFI
*Key Statistics:*
- _Market Capitalization:_ $174 million ¹
- _Circulating Supply:_ 33,563 YFI ¹
- _Total Supply:_ 36,647 YFI ¹
- _All-Time High:_ $90,786.89 (May 12, 2021) ²
- _All-Time Low:_ $31.65 (Jul 18, 2020) ²
*What is Yearn Finance?*
Yearn Finance is a suite of products in DeFi that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. It's maintained by independent developers and governed by YFI holders ².
*Products and Features:*
- _Vaults:_ help users claim yield farming rewards and sell them for underlying assets
- _Delegated Vaults:_ use assets as collateral to borrow stablecoins and recycle them into a stablecoin vault
- _yUSD:_ a yield-bearing USD tokens pool that includes four y-tokens: yDAI, yUSDT, yUSDC, and yTUSD
*Where to Buy YFI:*
You can trade YFI tokens on centralized crypto exchanges like HTX, BitDelta, and Coinbase Exchange ².
Would you like to know more about Yearn Finance or YFI's potential applications?
