Yearn Finance (YFI) Live Market Data
The current price of Yearn Finance (YFI) is $5,097.33**, with a 24-hour trading volume of **$8,962,102. Over the past day, YFI's price has decreased by 3.48%. Key metrics include:
- Circulating Supply: 36,600 YFI
- Max Supply: 36,700 YFI
- Total Supply: 36,700 YFI
- Circulation Rate: 99.92%
- Market Cap: $186,755,976
For blockchain analytics, explore these YFI block explorers:
👉 Etherscan | 👉 Ethplorer
What Is Yearn Finance (YFI)?
Yearn.finance is a decentralized finance (DeFi) aggregator designed to automate yield farming, maximizing returns for investors. It simplifies DeFi participation for non-technical users by optimizing strategies across protocols like Curve, Compound, and Aave.
Founder and Background
Created by Andre Cronje (a prominent DeFi developer), YFI launched in July 2020. Cronje previously contributed to iEarn and Fantom, bringing extensive crypto expertise to the project.
Key Features of Yearn Finance
- Automated Yield Farming: Uses algorithms to shift funds between DeFi protocols for optimal APY.
- Fee Structure: Charges 0.5% withdrawal fees and 5% gas subsidies (adjustable via governance).
- Target Audience: Passive investors seeking streamlined DeFi exposure.
Where to Buy Yearn Finance (YFI)?
Supported Exchanges:
- Centralized (CEX): Binance, Coinbase Pro, OKX, KuCoin
- Decentralized (DEX): Always verify YFI’s contract address (
0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e) to avoid scams.
Yearn Finance Social Media
- Twitter: @iearnfinance
- Discord: Yearn Finance Community
- Reddit: r/yearn_finance
FAQs About Yearn Finance (YFI)
1. What was YFI’s all-time high price?
YFI peaked at $93,570.73 on May 12, 2021. Historical data is available via CoinCarp.
2. Is YFI a good long-term investment?
Cryptocurrencies are volatile. Assess your risk tolerance and research YFI’s tokenomics, team, and market trends before investing.
3. Can I short YFI?
Yes, platforms like OKX and Binance offer margin trading. However, shorting carries high risk—use caution.
4. How does Yearn Finance generate revenue?
Through withdrawal fees (0.5%) and gas subsidies (5%). Governance votes can adjust these rates.
5. What’s the difference between YFI and other DeFi tokens?
YFI focuses on automated yield optimization, unlike standalone lending/borrowing protocols.
Conclusion
Yearn Finance remains a pivotal DeFi aggregator, though its price volatility demands careful analysis. For updates, follow its official channels and track on-chain metrics.