YFI (Yearn.finance) is a cryptocurrency token associated with Yearn.finance, a decentralized finance (DeFi) platform.$YFI
Key Features:
1. Yield Aggregation: YFI optimizes lending and borrowing yields across DeFi platforms.
2. Automated Investing: YFI's vaults automatically invest in high-yielding assets.
3. Governance: YFI holders participate in platform decisions.
4. Staking: YFI can be staked to earn rewards.
Token Details:
1. Symbol: YFI
2. Total Supply: 36,666 YFI (capped)
3. Circulating Supply: approximately 30,000 YFI
4. Blockchain: Ethereum (ERC-20)
Current Status:
1. Price: around $10,000
2. 24-hour Trading Volume: $50 million
3. Market Capitalization: around $300 million
4. Ranking: #150 on CoinMarketCap
Exchanges:
1. Uniswap
2. SushiSwap
3. Binance
4. Other major exchanges
Partnerships:
1. Aave (lending protocol)
2. Compound (lending protocol)
3. Curve (stablecoin exchange)
4. Various DeFi protocols
Benefits:
1. Optimized yield aggregation
2. Automated investing
3. Governance and decision-making
4. Staking rewards
Risks and Considerations: