Yearn.finance price
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About Yearn.finance
Disclosures
Yearn.finance risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Yearn.finance. All crypto assets are risky, there are general risks in investing in Yearn.finance. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
DeFi tokens
Decentralised Finance ("DeFi") tokens are crypto assets built on decentralised blockchain technology for financial applications or protocols. Risks linked to DeFi tokens include:
Enterprise Risk
Interactions between multiple DeFi protocols create a situation where a vulnerability or breakdown in one protocol can trigger a cascading effect, affecting other interconnected platforms.
Technology Risk
DeFi protocols frequently depend on external data sources or oracles, and any tampering or inaccuracies in these data streams can result in a lack of trust and reliability in the protocols.
Regulatory Risk
Governments and regulatory bodies around the world can introduce new regulations or ban certain aspects of the cryptocurrency market, affecting its legality and viability, which could affect token liquidity and/or value.
Legal Risk
Certain tokens may be used for operating a decentralised exchange platform which may contain additional risks:
- The platform may allow users to participate who have not been vetted or verified and therefore expose the possibility that users are interacting with sanctioned entities.
- The platform may be accessible in jurisdictions where some or all the exchange activity should be regulated. If a local regulator deemed the platform activity to be in breach of local regulation, they may request cessation or termination of the service which could affect token liquidity and/or value.
Market Risk
Given their novelty, the evolving technology involved and lack traditional asset structure, valuing crypto assets can be very difficult or impossible. This means valuations are determined by demand that is at risk of manipulation in various ways.
Yearn.finance’s price performance
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Guides
Yearn.finance FAQ
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.
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.
Easily buy YFI tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX 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 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 Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
Dive deeper into Yearn.finance
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.
Disclaimer
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