A tip from me may reach $177.7 Requested Terms and Conditions are fixed in my account YFI Coin YFI Coin is the native token of Yearn Finance, a decentralized finance (DeFi) protocol that aims to improve returns on digital assets by automating various financial processes such as lending and liquidity pooling. Yearn Finance was founded in 2020 by developer Andre Cronje. The platform includes several tools such as Vaults and Earn that allow users to allocate their investments across a range of other protocols to get the best returns.
The YFI token is a governance token used to enable holders to participate in decision-making regarding protocol development and strategic direction. Although the total supply of the token is limited to only 36,666 YFI, the number of tokens currently available for trading is approximately 33,601 YFI. This token was launched fairly without pre-allotment, and users can obtain it by interacting with the various protocols on Yearn Finance.
Economically, YFI is one of the fastest growing coins in the cryptocurrency market, with its all-time high (late 2020) reaching over $90,000, but it has since seen a significant decline. However, YFI remains one of the most prominent tokens in the DeFi space, as it is considered a symbol of innovation in this sector.
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