About yearn.finance
Yearn.finance (YFI) is an Ethereum token that governs the Yearn.finance platform. The platform is a yield optimizer that moves funds around the decentralized finance (“defi”) ecosystem in an effort to generate a high return.
Buy yearn.finance
Trading Insights
Buyer Ratio
Traders
92
-25.2%
Buyers
50
-23.08%
Sellers
47
-26.56%
Searched
234
Market Stats
Market Cap
£133.67M
0.19%
FDV
£144.56M
Circ. Supply
34K YFI
Max Supply
37K YFI
Total Supply
37K YFI
Total Value Locked
£422.45M
Diluted Valuation
£144.51M
Performance
Popularity
#256
Dominance
0%
Volume (24H)
£7.01M
-17.94%
Volume (7D)
£58.82M
Volume (30D)
£201.06M
All time high
£70.98K
Price Change (1Y)
7.16%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of yearn.finance has decreased by 0.11% in the last hour and increased by 0.25% in the past 24 hours. yearn.finance’s price has also fallen by 4.67% in the past week. The current price is £3,942.03 per YFI with a 24-hour trading volume of £7.01M. Currently, yearn.finance is valued at 94.45% below its all time high of £70,981.55. This all-time high was the highest price paid for yearn.finance since its launch.
The current circulating supply of yearn.finance is 33,904.698 YFI which means that yearn.finance has as total market cap of £133,670,334.59.
Market details
YFI vs markets
↘ 42.27%
YFI vs BTC
↘ 41.1%
YFI vs ETH
↘ 38.03%
Tags
defi
dao
yield-farming
yield-aggregator
+4
Network & Addresses
Network | Address | |
|---|---|---|
Base | 0x9EaF8C1E34F05a589EDa6BAfdF391Cf6Ad3CB239 | |
Ethereum | 0x0bc529c00C6401aEF6D220BE8C6Ea1667F6Ad93e | |
Avalanche C-Chain | 0x9eAaC1B23d935365bD7b542Fe22cEEe2922f52dc | |
Solana | BXZX2JRJFjvKazM1ibeDFxgAngKExb74MRXzXKvgikxX |
Price history
Time | Price | Change |
|---|---|---|
Today | £3,942.03 | ↗ 0.25% |
1 Day | £3,947.15 | ↗ 0.25% |
1 Week | £4,125.84 | ↘ 4.67% |
1 Month | £4,043.51 | ↘ 2.28% |
1 Year | £3,737.33 | ↗ 7.16% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Yearn.finance (YFI) is a service that aims to simplify the intricate world of decentralized finance (DeFi) for users. It employs automation to assist users in optimizing their potential returns from yield farming. Launched in February 2020, the platform serves as an aggregator for DeFi protocols, striving to bring a competitive yield to those who stake cryptocurrency. The platform's in-house token, YFI, is earned by users through providing liquidity. Token holdings dictate governance privileges, enabling users to participate in the platform's decision-making process.
Yearn.finance operates by utilizing various custom tools to act as an aggregator for DeFi protocols. It strives to simplify DeFi activities such as yield farming for a wider user base. The platform generates revenue by imposing withdrawal fees and gas subsidization fees, which can technically be altered by consensus at any time due to its governance model. New features are continually introduced, aiming to help maintain the long-term value of the platform. Users of yearn.finance earn YFI tokens through providing liquidity.
Yearn.finance is designed for users who may not have the time or technical knowledge to delve into the increasingly intricate DeFi landscape, or who wish to optimize their returns. By acting as an aggregator for DeFi protocols, it allows users to stake their cryptocurrency and potentially receive a competitive yield. The platform also offers governance privileges to YFI token holders, enabling them to participate in decision-making processes. This makes yearn.finance a potentially useful tool for individuals, DAOs, and other protocols seeking to earn yield on their digital assets.
Yearn.finance was launched in February 2020 by Andre Cronje, who had previously departed from the iEarn project. After its launch, the platform experienced growth as new products were introduced and the in-house token YFI was released in July. The platform's situation has since changed, with assets under total value locked coming in at just over $1 billion as of the end of September 2020. Cronje, who has experience in cryptocurrency and DeFi, continues to contribute to the platform's development.
We update our yearn.finance to GBP currency in real-time. Get the live price of yearn.finance on Coinbase.
The current market cap of yearn.finance is £133.67M. A high market cap implies that the asset is highly valued by the market.
The all-time high of yearn.finance is £70,981.55. This all-time high is highest price paid for yearn.finance since it was launched.
Over the last 24 hours, the trading volume of yearn.finance is £7.01M.
Assets that have a similar market cap to yearn.finance include Notcoin, Succinct, OriginTrail, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of yearn.finance is 34 thousand.
yearn.finance ranks 107 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 91% of Coinbase users are buying yearn.finance. In other words, 91% of Coinbase customers have increased their net position in yearn.finance over the past 24 hours through trading.
Yes, yearn.finance is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy yearn.finance guide.
yearn.finance news
Trending articles
Social stats
Popularity in posts
#1307
Contributors
62
Posts
86
% About yearn.finance
0.021%
Hold times
0 days
X (Twitter)
30.59% bullish
Sentiment
2.9 ★
Highlights
62 unique individuals are talking about yearn.finance and it is ranked #1,307 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, yearn.finance has an average sentiment score of 57 out of 5. Finally, yearn.finance is becoming less newsworthy, with 0 news articles published about yearn.finance.
On Twitter, people are mostly bullish about yearn.finance. There were 50% of tweets with bullish sentiment compared to 63.46% of tweets with a bearish sentiment about yearn.finance. 50% of tweets were neutral about yearn.finance. These sentiments are based on 24 tweets.
On Reddit, yearn.finance was mentioned in 42 Reddit posts and there were 5 comments about yearn.finance. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.