About Yearn Finance (YFI)
Yearn.Finance is a set of protocols that enable users to optimize earnings on crypto assets through DeFi lending and trading. Yearn.Finance runs on the Ethereum blockchain network, so users can utilize ERC-20 tokens to benefit from trading opportunities on the platform.
Yearn.Finance was launched in July 2020 by Andre Cronje, an experienced computer scientist and software developer with proficiencies in and related to blockchain science and decentralized architecture. The Yearn.Finance protocol creator is also recognized for creating and developing other successful protocols and platforms.
Yearn.Finance operates on a completely decentralized system, making it possible for the protocol to function effectively without a third party overseeing the operation.The Yearn.Finance cryptocurrency ($YFI) facilitates this process and moves transactions throughout the protocol.
With all of its protocols operating on the Ethereum blockchain, YFI tokens are ERC-20 based and utilize a Proof-of-Stake consensus mechanism. Yearn Finance price is updated and available in real-time on Binance.com.