YFI/INR trading on WazirX

By October 16, 2020November 6th, 20201 minute read
YFI/INR trading on WazirX

Namaste Tribe! YFI/INR trading is live on WazirX and you can buy, sell, trade YFI in our INR market.

YFI/INR trading is live on WazirX! Share this

About YFI

yearn.finance is a decentralized finance (DeFi) platform which aims to perform a host of functions such as aggregated liquidity, leveraged trading, and automated marketing making. YFI is the native token in the yearn. finance platform. Users can earn it by contributing liquidity to yearn.finance’s liquidity pool and use the token for platform governance.

In the current iteration of yEarn, the flagship product is its automated yield farming contract, called vaults. Each vault allows users to deposit a particular token, and the protocol automates yield farming strategies by moving providers’ funds between platforms such as dYdX, Aave, and Compound. Several smaller investors can deposit their tokens in yEarn, pooling funds to form one large investor, thereby netting and minimizing transaction fees associated with depositing funds into a pool.

Andre Cronje created yEarn Finance to automate the process of manually moving funds between DeFi money markets to secure the best lending rate. iEarn Finance, as it was then called, was released to the public. What started as a yield aggregation instrument evolved into a platform that supported automated liquidity mining strategies.

  • Trading price (past 24 hrs): $14,350.88 USD
  • Global Market Cap (past 24 hrs): $430,063,002 USD
  • Global Trading Volume (past 24 hrs): $2,415,522,408 USD
  • Circulating Supply: 29,968 YFI
  • Total Supply: 30,000 YFI

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Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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