It’s not clear why Yearn Finance has reached a new record today, while rival coins such as Ethereum, Dogecoin and Bitcoin have dropped. has a circulating supply of 36,638 and a max. It’s up around 5% over the past 24 hours. s price today is US8,169.17, with a 24-hour trading volume of 145.19 M. It serves as a DeFi protocol, providing investors with both the liquidity they need and access to yield-bearing assets in one place. The table above accurately updates our YFI price in real. Yearn Finance is also known as yEarn and it uses other DeFi platforms like Compound, dYdX, etc. Yearn Finance is a decentralized finance (DeFi) platform that allows users to deposit cryptocurrencies and benefit from yield farming opportunities. It has rocketed in value since the start of the year, up by over 220% since the start of January this year when it stood at $22,809. The live yearn.finance price today is 9,439.31 USD with a 24-hour trading volume of 4.81K USD. Why is Yearn Finance’s value going up?Īt the time of writing, Yearn Finance is worth around $75,175 - a record breaking high. Het geld van de gebruiker wordt automatisch overgemaakt tegen lagere kosten. Yearn Finance is a protocol that optimises the profits generated through yield. There is reportedly a fixed supply of YFI tokens.Īround 30,000 coins are in circulation. De kluis van Yearn Finance genereert kapitaal afhankelijk van de marktkansen. githubyearn.finance Overview Repositories Projects Packages People Pinned yearn-vaults Public. Andre Cronje, its founder, managed to achieve this within a year of its launch.
It was launched in February 2020 according to CoinMarketCap, and was founded by Andre Cronje. yearn.finance is a group of protocols running on the Ethereum blockchain that allow users to optimize their earnings on crypto assets through lending and. Marketing materials: Firms may overstate the returns of products or understate the risks involved.Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.Converting a cryptoasset back to cash depends on demand and supply existing in the market. There is no guarantee that cryptoassets can be converted back into cash. Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks.Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.
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