yearn.finance
Name
yearn.finance
Summary
yearn.finance is a Decentralized Finance (DeFi) platform that promises to create products based on aggregated liquidity, leveraged trading, automated marketing, and more.
-It was founded by Andre Cronje.
-It is built on the ethereum blockchain
Rating
Symbol
YFI
Overview
yearn.finance is a decentralized asset management platform with a wide range of applications, including liquidity provision, lending, and insurance. Vaults are the most well-known product in its ecosystem, which maximizes users' harvests by using numerous yield gardening tactics offered by the community.
Its purpose is to make the ever-expanding DeFi space easier to navigate for investors who aren't technically savvy or who prefer to connect in a less committed way than professional traders.
Yearn.finance set out to make DeFi investment and activities like yield farming easier for the general public.
The platform employs a variety of custom tools to operate as an aggregator for DeFi protocols such as Curve, Compound, and Aave, ensuring that people who invest in bitcoin receive the best potential return.
Historical Price Movement (in INR)
Technology
It builds a system of automatic yield farming incentives for users around its native token. Since, its based on Ethereum, it uses solidity as its programming language and uses Proof-of-work as its consensus mechanism.
Use of Native tokens in the ecosystem: The YFI token is the yearn.finance platform's native utility token. Users can earn the token by providing liquidity to yearn.finance's aggregated liquidity pool or ypool, and then use it to administer the platform.
Token Allocation
YFI was launched with 0 supply with no pre-mine for the team or early investors
Volume (17th May 2022)
$68,853,695
Total Supply
36666
Circulating supply
36,637.72 YFI
Crowd Sales
NA
Funding
NA
Country
NA
Name of Organization
Yearn.Finance
Year Incorporated
2020
Registered Address
NA
Dispute Resolution and Governing Law
NA
Country Risk Assessment
NA
Founding Team
| Name | Designation | Education | Experience |
| Andre Cronje | Founder | CTI Education Group: ISE, Information SystemsStellenbosch University: LLB, Law | 16 Yrs |
