YFI

Yearn.finance price

YFI
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3.5/5
CyberScope
3.9
06/16/2024
TokenInsight
3.1
04/22/2023
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USD
USD
$6,185.00
-0.66%
1h
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Yearn.finance price live data

The current price of Yearn.finance is $6,185.00. Since 00:00 UTC, Yearn.finance has decreased by -0.66%. It currently has a circulating supply of 33,276 YFI and a maximum supply of 36,666 YFI, giving it a fully diluted market cap of $205.84M. At present, Yearn.finance holds the 153 position in market cap rankings. The Yearn.finance/USD price is updated in real-time.

Yearn.finance price performance in USD

Time periodChange amount%Chg
Today-$41.0000 -0.66%
7 days-$301.00 -4.65%
30 days-$791.00 -11.34%
3 months-$1,989.00 -24.34%

Yearn.finance market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$6,181.00
Last price $6,185.00
24h high$6,307.00
Heat index ranking
179
Market cap ranking
153
Market cap
$205.84M
Favorited rate
Percentage of users who favorited this asset to all users
1.77%
All-time high
$95,017.00
-93.50% (-$88,832.00)
May 12, 2021 (3 years ago)
All-time low
$4,026.00
+53.62% ($2,159.00)
Jun 19, 2022 (2 years ago)
ICO date
07/18/2020
ICO price
The price at which this crypto was first traded
$34.0000
Circulating supply
The amount of this crypto that is publicly available in the market
33,276 YFI
Market cap at circulating supply
Market cap = Circulating supply × Last price
$226.82M
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 03/05/2020

About Yearn.finance (YFI)

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.

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 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.

How much is Yearn.finance worth today?
Currently, one Yearn.finance is worth $6,185.00. 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.
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 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.
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