yearn.financeYFI
Convert YFI to your currency
Last Updated on Sep 28, 2025 10:45 PM
What is yearn.finance?
About the coin
Yearn Finance is a decentralized finance (DeFi) platform that offers a suite of products designed to optimize yield generation, lending aggregation, and insurance on the Ethereum blockchain. It was initially developed as a passion project by Andre Cronje to automate the process of switching capital between lending platforms to secure the best yield. The protocol is maintained by independent developers and governed by YFI token holders.
Main features
Yearn Finance provides services for major USD tokens such as DAI, USDT, USDC, and TUSD. Users can deposit these tokens into the platform and receive yield-bearing tokens in return, such as yDAI for DAI deposits. The platform collaborates with Curve Finance to offer a yield-bearing USD tokens pool, known as yUSD, which includes yDAI, yUSDT, yUSDC, and yTUSD.
How it works
Yearn Finance automates the yield generation process by shifting funds between platforms like dYdX, AAVE, and Compound as interest rates change. The introduction of the vault feature allows users to engage in automated yield farming, where the vault claims rewards and sells them for underlying assets. This process socializes gas costs, automates yield generation, and rebalances capital, making it accessible even to users without deep knowledge of DeFi. The vaults act as a passive-investing strategy, akin to a crypto hedge fund, aiming to increase the assets deposited by users.
Wallet for yearn.finance
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Tangem supports networks for yearn.finance
- Ethereum
- Bnb Smart Chain
- Solana
- Avalanche
- Polygon Pos
- Arbitrum One
- Base
- Fantom
- Optimism
- Gnosis Chain
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yearn.finance FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- The founder of Yearn Finance isAndre Cronje, a well-known figure in the cryptocurrency and blockchain world. He is the founder of this popular DeFi project and has built a reputation as one of the most innovative and technically skilled developers in the industry.
- yearn. finance isa group of protocols running on the Ethereum blockchain that allow users to optimize their earnings on crypto assets through lending and trading services. One of a number of emerging decentralized finance (DeFi) projects, yearn.
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