![]() The service was mostly used to simplify the functioning of the expanding DeFi space. Yearn.finance is a decentralized finance aggregator service, used for automating decentralized services for maximizing potential profits from yield farming. Token holders are given the option to vote on proposals and dictate the development of the yearn. All given information about Yearn.finance. The primary use-case of the YFI token is for governance. YFI received the final blow after February 2022, when the market saw a massive inflow of tokens on centralized and decentralized exchanges, suggesting that traders and investors are no longer willing to hold the unprofitable asset. The Yearn.finance (YFI) live price today is 6828, changes over 24H (-2.55). Yearn.finance’s market cap is 242m, making it the 110th-largest cryptocurrency by that metric. That means the flexibility of using a hard wallet like Ledger, Trezor, or Keepkey for exceptional security. However, the token gained some momentum in the following days and weeks and as of 26 July 2022, there are 36,637.72 YFI in circulation out of a total supply of 36,666. Yearn Finance is a suite of products in Decentralized Finance (DeFi) that. Cryptocurrency Wallets and YFI Storage Because it's an ERC-20 coin, you store it on nearly any wallet that takes Ethereum-based assets. As Santiment suggests, funds that would previously flow into YFI went to newer projects like TIME, SPELL and CVX.Īs the new trend started fading, YFI lost even more investments and capitalization. Exercise caution when investing in cryptocurrencies. Unfortunately, YFI is not getting any benefit from the second wave of DeFi popularity's growth and is not showing any signs of a reversal, only losing its value as time goes by. ![]() (Description provided by CryptoCompare. It does not express the personal opinion of the author or service. It aims to maximize returns and reduce risks for users and allows YFI token holders to participate in governance decisions. yfi Set price alert Buy & Trade YFI YFI Price in EUR 7,358.64 Last 24h +153.242 +2.04 24h 1W 1M 1Y All Live Yearn Finance Chart in EUR Yearn Finance History This text is informative in nature and should not be considered an investment recommendation. Check out our latest insight! /YVsV8bYVYs Yearn.finance (YFI) is a DeFi protocol created by Andre Cronje that automates yield farming by finding and investing in the highest-yielding opportunities in DeFi. Now down -91% over the past year after its glory days of posts pumping #yearnfinance, the coin isn't quite as abandoned by devs as you think. ? $YFI was once the #DeFi darling in #crypto, just one year ago. The development activity on the project moves in contrast to the price of the asset, suggesting that the market performance of the underlying token of the project is not directly affecting the fundamental growth and development.
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