YFI
YFI

Yearn.finance price

$6,244.00
-$238.00
(-3.67%)
Price change from 00:00 UTC until now
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Market info
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FAQ

Yearn.finance market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$209.87M
Circulating supply
33,564 YFI
Market cap ranking
153
24h high
$6,572.00
24h low
$6,124.00
All-time high
$95,017.00

Yearn.finance price performance in USD

The current price of Yearn.finance is $6,249.00. Since 00:00 UTC, Yearn.finance has decreased by -3.67%. It currently has a circulating supply of 33,564 YFI and a maximum supply of 36,666 YFI, giving it a fully diluted market cap of $209.87M. At present, Yearn.finance holds the 153 position in market cap rankings. The Yearn.finance/USD price is updated in real-time.
Today
-$238.00
-3.67%
7 days
-$820.00
-11.60%
30 days
$1,299.00
+26.24%
3 months
$1,236.00
+24.65%

About Yearn.finance (YFI)

3.5/5
CyberScope
4.0
11/07/2024
TokenInsight
3.0
04/22/2023
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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The year 2020 marked a pivotal moment in the trajectory of decentralized finance (DeFi), introducing a surge of projects vying for recognition and success in this domain. Amidst this wave, Yearn Finance emerged as a standout contender, distinguished by its innovative use of automation to amplify the returns yielded by yield farming. Rapidly capturing market attention, the project achieved an impressive $1 billion Total Value Locked (TVL) within just two months of its launch.

What is Yearn Finance

Yearn Finance operates as a dynamic aggregator service within decentralized finance (DeFi). This pioneering platform revolutionizes the pursuit of optimized yield farming returns by harnessing the power of automation. Alongside its commitment to forging partnerships and strategic collaborations, Yearn Finance strives to democratize passive income generation within the DeFi ecosystem. Its inclusive approach extends even to those less versed in technical intricacies, setting the stage for enhanced accessibility and participation in the DeFi sector.

The Yearn Finance team

Yearn Finance (previously iEarn) was founded by Andre Cronje. Cronje's extensive experience in the crypto sector, particularly in DeFi, propelled him into prominence, with affiliations extending to Fantom and CryptoBriefing.

How does Yearn Finance work

The protocol's architecture centers around three core components: Earn, Zap, and APY. The Earn platform offers users access to optimal lending interest rates through a cross-protocol search. The innovative Zap feature streamlines the process, allowing users to execute multiple transactions with a single click. Meanwhile, the APY (annual percentage yield) product maximizes lending opportunities across various protocols, ensuring users benefit from the best-in-market services.

Yearn Finance’s native token: YFI

At the core of Yearn Finance's ecosystem lies its native cryptocurrency, YFI, which debuted in mid-July 2020 amidst the explosive rise of DeFi. It originally has a capped supply of 30,000 YFI tokens. Responding to community consensus, an additional 6,666 YFI tokens were subsequently minted. 

YFI use cases

YFI serves as a multi-faceted token within Yearn Finance's ecosystem. Primarily, it incentivizes liquidity providers. Beyond this, YFI operates as a governance token, granting holders the power to participate in project-related decision-making processes. Furthermore, YFI is tradable, enabling users to engage in crypto trading and utilize it as a store of value.

YFI distribution

The YFI token is distributed as follows: 

  • 27.3 percent: yCRV liquidity pool
  • 54.6 percent: Balancer liquidity pools
  • 18.1 percent: This represents the 6,666 tokens that were minted after launch. One-third of these were given to key protocol contributors and the other two-thirds to the platform’s governance-operated treasury.
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YFI FAQ

What is Yearn Finance?

Yearn Finance is a DeFi aggregator designed to streamline and optimize yield farming returns by leveraging automation and a comprehensive toolkit. By facilitating partnerships and collaborations, Yearn Finance aims to democratize passive income opportunities, making it accessible even to those with limited technical expertise.

What are the benefits of using Yearn Finance?

Yearn Finance offers a range of benefits to DeFi enthusiasts. As an aggregator, it streamlines the complexities of yield farming, allowing users to maximize their returns by automatically navigating and optimizing yield farming strategies. This provides users with the opportunity to earn higher yields compared to traditional manual approaches. 

Where can I buy YFI tokens?

Easily buy YFI tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include YFI/USDT.

You can also buy YFI with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for YFI with zero fees and no price slippage by using OKX TR Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into YFI, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is Yearn.finance worth today?
Currently, one Yearn.finance is worth $6,249.00. For answers and insight into Yearn.finance's price action, you're in the right place. Explore the latest Yearn.finance charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Yearn.finance, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Yearn.finance have been created as well.