The current real-time price of YFI is $3,058. In the past 24 hours, YFI has traded between $3,058 and $3,058, showing strong market activity. The all-time high of YFI is $93,435.53, and the all-time low is $31.65.
From a short-term perspective, the price change of YFI over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of YFI on LBank.-10.73%
The live price of YFI today is $3,058, with a current market cap of $107.311M. The 24-hour trading volume is 10M. The price of YFI to USD is updated in real time.
Before deciding whether to buy or sell YFI, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s YFI technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for YFI.
How much will YFI be worth tomorrow, next week, or next month in ? What about your YFI assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! YFI Price Prediction
To learn more about YFI, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0xf977...41acec  | 3,784 | 10.22% |
ethereum | 0x86e6...50d182 | 2,842 | 7.68% |
ethereum | 0x979d...293674 | 1,768 | 4.78% |
ethereum | 0x90c1...588ad5 | 1,559 | 4.21% |
ethereum | 0xfeb4...faff52 | 1,554 | 4.2% |
Other | 25,513.69 | 68.92% |
Yearn.finance is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. Its primary function is to automate yield farming, aiming to maximize returns on users' crypto assets. It achieves this by dynamically allocating pooled user funds across various lending protocols and DeFi platforms to identify and utilize the most profitable yield-generating opportunities available in the market.
YFI is the native ERC-20 governance token for the Yearn.finance platform. Its value is primarily derived from its utility within the ecosystem, granting holders the power to participate in the protocol's decision-making process. By holding YFI, individuals can vote on proposals and significant changes to the protocol, directly influencing its future direction and development.
Beyond its core function in governance, the YFI token serves several purposes within the Yearn.finance ecosystem. Holders can stake YFI to earn a percentage of platform fees generated by the protocol. It can also be invested into Yearn's Vaults for potentially higher yields through automated strategies, and it acts as collateral for certain operations within the Yearn Finance Vaults framework, enhancing its utility.
The initial maximum supply of YFI tokens was set at 30,000. However, this supply was later increased to 36,666 tokens following a consensus vote by YFI holders. A key characteristic of YFI's distribution was the absence of a pre-mine or initial developer allocation, with tokens being initially distributed to liquidity providers, emphasizing a fair launch model.
Yearn.finance was created by Andre Cronje in 2020. Cronje is a prominent and influential developer within the decentralized finance (DeFi) space, known for his innovative contributions and experimental approaches to protocol design. His creation of Yearn.finance marked a significant milestone for automated yield optimization strategies in the crypto industry.
Yearn.finance achieves its optimized yields through a core product called 'Vaults.' These are smart contracts that aggregate user funds. Once funds are pooled, the Vaults deploy sophisticated, automated strategies to engage in yield farming across various DeFi protocols, such as Aave and Compound. These strategies dynamically adjust, moving funds between different platforms to capitalize on the highest available interest rates and rewards, thereby maximizing returns for users.
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