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yearn.finance (Wormhole) price

yearn.finance (Wormhole) Price (YFI)

$0.00

0.00%
Rank #10387

yearn.finance (Wormhole) Price Chart (YFI/USD)

Last updated 15 Jun 2022, 20:39PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Huobi Global YFI / USDT $6,657.67 0.09% $1,907,808
2 Binance YFI / USDT $6,665.74 0.03% $1,668,849
3 GokuMarket YFI / BTC $5,981.04 0.09% $1,601,342
4 BTSE YFI / USD $6,654.33 0.29% $1,569,513
5 Binance YFI / BUSD $7,005.67 0.18% $1,402,554
6 BitMart YFI / USDT $6,673.57 0.10% $1,155,804
7 Tidex YFI / USDT $6,663.84 0.37% $790,920
8 Coinbase Exchange YFI / USD $6,656.55 0.07% $728,622
9 OKX YFI / USDT $6,703.24 0.03% $594,339
10 BTC-Alpha YFI / USDT $7,409.19 0.71% $494,653
11 LocalTrade YFI / BTC $7,669.34 0.23% $492,307
12 Binance YFI / BTC $7,377.93 0.04% $467,327
13 LocalTrade YFI / USDT $7,670.93 0.16% $466,414
14 Bitforex YFI / USDC $7,404.47 0.09% $410,928
15 Poloniex YFI / USDT $6,669.77 0.20% $289,585
16 Bitrue YFI / BUSD $7,009.21 1.09% $271,295
17 Bitget YFI / USDT $6,672.18 0.04% $227,426
18 Bit.com YFI / USDT $8,784.56 0.34% $221,213
19 Bithumb YFI / KRW $6,740.01 0.14% $182,570
20 Bybit (Spot) YFI / USDT $6,660.18 0.02% $152,216
21 EXMO YFI / USDT $6,687.84 0.06% $149,970
22 Digifinex YFI / USDT $6,713.91 0.06% $146,419
23 BingX YFI / USDT $6,720.07 0.41% $141,467
24 Oceanex YFI / USDT $7,774.93 0.51% $128,455
25 OKX YFI / BTC $8,022.37 0.67% $122,744
26 LATOKEN YFI / USDT $6,727.99 1.01% $122,023
27 Deepcoin YFI / USDT $6,659.38 0.06% $117,567
28 P2PB2B YFI / USDT $6,680.80 0.39% $116,002
29 Bitvavo YFI / EUR $6,668.89 0.17% $99,179
30 Bitazza YFI / USDT $6,672.46 0.43% $99,001
31 Hotbit YFI / USDT $6,530.85 0.57% $94,222
32 Binance YFI / EUR $8,291.41 0.31% $83,871
33 Azbit YFI / BTC $6,663.07 0.09% $81,304
34 Phemex YFI / USDT $6,656.84 0.09% $81,171
35 Bitfinex YFI / USD $6,663.90 0.42% $80,197
36 Azbit YFI / USDT $6,661.48 0.05% $71,624
37 Coinsbit YFI / USDT $6,648.53 0.14% $66,644
38 CoinTiger YFI / USDT $4,847.06 0.15% $61,439
39 Bancor Network YFI / BNT $5,888.33 0.60% $60,238
40 KuCoin YFI / USDT $6,697.60 0.05% $60,107
41 EXMO YFI / BTC $6,693.45 1.28% $50,370
42 Kraken YFI / USD $6,575.00 0.14% $40,257
43 Bitazza YFI / BTC $6,670.83 0.53% $39,208
44 ace YFI / TWD $6,831.28 2.02% $36,546
45 WhiteBIT YFI / USDT $6,674.70 0.10% $33,403
46 OKX YFI / ETH $5,416.17 0.23% $30,393
47 Kraken YFI / EUR $6,726.32 0.11% $27,803
48 Coinbase Exchange YFI / BTC $6,750.26 0.22% $27,497
49 Huobi Global YFI / BTC $5,469.16 1.37% $26,666
50 Tidex YFI / BUSD $6,678.52 0.27% $23,330

YFI Price Statistics

$0
24H Range
$0
  • yearn.finance (Wormhole) Price Now $0
  • 24h Low / 24h High $0 / $0
  • Trading Volume $0
  • Market Cap Rank #0
  • Market Cap $0
  • Volume / Market Cap 0.0000
  • All-Time High $0 0.00%
    Jan 01, 1970
  • All-Time Low $0 0.00%
    Jan 01, 1970
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Yearn.finance: A Comprehensive Guide to the Cryptocurrency

Introduction


Yearn.finance is a prominent decentralized finance (DeFi) protocol that aims to optimize yield farming strategies across various decentralized platforms. It operates on the Ethereum blockchain and was developed by Andre Cronje in early 2020. Yearn.finance has quickly gained popularity due to its innovative approach to generating high returns on cryptocurrencies through automated strategies.

What is Yearn.finance?


Yearn.finance, often referred to as YFI, is a cryptocurrency token that serves as the governance token for the Yearn.finance platform. The platform offers various products and services aimed at maximizing yield farming opportunities for users by automatically shifting their funds between different lending protocols.

Yield Farming and Vault Strategies


Yield farming involves lending or providing liquidity to decentralized finance platforms in return for rewards. Yearn.finance simplifies this process for users by employing advanced strategies to enhance returns. It automatically reallocates user funds across multiple lending platforms to ensure the best yields. This is achieved through a series of smart contracts and algorithms designed to optimize profit maximization.
Yearn.finance's Vaults are a crucial component of the platform. They are smart contracts that automatically manage funds deposited by users. Vaults optimize yield farming by dynamically shifting funds between different platforms to take advantage of interest rates, fees, and other factors that can impact profitability.

YFI Token


The Yearn.finance platform has its native governance token - YFI. YFI holders can participate in the decision-making process and community governance of the Yearn.finance ecosystem. They can vote on proposals, changes to the protocol, and even receive dividends from profits generated by the platform.
Notably, YFI token distribution occurred in a unique way. Instead of an Initial Coin Offering (ICO), YFI tokens were distributed solely to users who provided liquidity to Yearn.finance initially. This approach sought to achieve a fair distribution of the token and align the community's interests with the success of the platform.

Conclusion


Yearn.finance has emerged as a leading DeFi protocol, offering users an automated and optimized approach to yield farming. With its innovative strategies and emphasis on community governance, Yearn.finance has attracted significant attention within the cryptocurrency space. As the DeFi ecosystem continues to evolve, Yearn.finance looks poised to play a crucial role in shaping the future of decentralized finance.