About Yearn.finance
Yearn.finance (YFI) is an Ethereum-based governance token for the Yearn.finance platform, a DeFi yield optimizer that automates fund movements across decentralized finance protocols to maximize returns. The platform simplifies complex yield-farming strategies for users seeking passive income opportunities in the evolving DeFi ecosystem.
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Market Performance & Recent Trends
- Current YFI Price: €4,330.72
- 24-Hour Change: -3% (from €4,473.06)
- 7-Day Change: +2% (from €4,282.40)
- All-Time High (ATH): €81,529.76 (May 12, 2021)
Key Metrics:
- Market Cap: €172.42M
- Circulating Supply: 36,646 YFI
- Fully Diluted Valuation (FDV): €158.71M
Yearn.finance has declined 95% from its ATH, reflecting broader DeFi market volatility.
Network & Contract Addresses
| Network | Contract Address |
|------------------|-----------------------------------------------|
| Ethereum | 0x0bc529c00C6401aEF6D220BE8C6Ea1667F6Ad93e |
| Avalanche C-Chain| 0x9eAaC1B23d935365bD7b542Fe22cEEe2922f52dc |
| Solana | BXZX2JRJFjvKazM1ibeDFxgAngKExb74MRXzXKvgikxX |
Price History
| Timeframe | Price (€) | Change |
|------------|------------|------------|
| 1 Day | 4,473.06 | ↘ 3.41% |
| 1 Week | 4,282.40 | ↗ 1.65% |
| 1 Month | 4,662.20 | ↘ 3.95% |
| 1 Year | 5,787.50 | ↘ 18.73% |
Frequently Asked Questions (FAQ)
1. What is Yearn.finance?
Yearn.finance is a DeFi yield aggregator that automates yield farming across multiple protocols. Users earn YFI tokens by providing liquidity, which also grants governance rights.
2. How does Yearn.finance generate revenue?
The platform charges withdrawal fees and gas subsidization fees. Revenue mechanisms are adjustable via community governance.
3. Who should use Yearn.finance?
Ideal for users lacking time or technical expertise to navigate DeFi yield strategies manually. It’s also suited for DAOs and protocols optimizing asset yields.
4. Who founded Yearn.finance?
Launched in February 2020 by Andre Cronje, a prominent figure in DeFi development.
5. What is YFI’s market cap ranking?
Ranked #103 on Coinbase, with 91% of users currently buying YFI.
Key Takeaways
- Yearn.finance remains a leading yield optimizer despite price declines.
- Governance-centric model: YFI holders dictate platform upgrades.
- Long-term utility hinges on DeFi adoption and protocol innovations.
For real-time updates, track YFI on Coinbase or other major exchanges.
Note: This is not financial advice. Conduct independent research before investing.