The current real-time price of YFI is $2.32. In the past 24 hours, YFI has traded between $2.3 and $2.48, showing strong market activity. The all-time high of YFI is $277.07, and the all-time low is $2.18.
From a short-term perspective, the price change of YFI over the past 1 hour is , over the past 24 hours is +0.01%, and over the past 7 days is -5.59%. These figures provide a quick overview of the latest price trends and market dynamics of YFI on LBank.-0.90%
The live price of YFI today is $2.32, with a current market cap of $17,705.08. The 24-hour trading volume is 234.81. 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 | |
|---|---|---|---|
binance-smart-chain | 0x4079...ee1bbe  | 3,368 | 30.62% |
binance-smart-chain | 0xccff...c132ae | 1,483 | 13.48% |
binance-smart-chain | 0x2881...e29307 | 1,000 | 9.09% |
binance-smart-chain | 0x2149...c3bbbd | 663 | 6.03% |
binance-smart-chain | 0xc498...6a6d17 | 251 | 2.28% |
Other | 4,234.993 | 38.5% |
YFI is a governance token that empowers holders to participate in the decision-making process of the protocol. Holders can vote on Yearn Improvement Proposals (YIPs), which cover topics like fee structures and the implementation of new strategies. Additionally, through the veYFI model, users can lock their tokens to earn a share of protocol-generated rewards and boost their yields within the platform's vaults.
No, holding YFI is not a requirement to access the protocol's core yield products. Users can deposit various assets, such as stablecoins and other major cryptocurrencies, directly into vaults to earn yield without ever owning YFI. The token is specifically designed for users who want to engage in governance, influence the protocol's future, or access enhanced reward structures via locking mechanisms.
The protocol acts as an automated yield aggregator that uses smart contract strategies to maximize returns. It moves deposited capital across various decentralized finance platforms to find the best interest rates and farming opportunities. The system automatically harvests reward tokens and compounds them back into the initial investment, providing a streamlined and efficient experience for users seeking optimized returns.
While the protocol is highly audited and follows rigorous development standards, it is not entirely risk-free. Users should consider smart contract risk, which involves potential bugs in the protocol's own code. Additionally, there is strategy risk, which refers to potential issues within the third-party decentralized finance platforms where the protocol deploys capital. The project maintains a focus on conservative risk management to mitigate these factors.
The protocol is governed by a fully decentralized autonomous organization (DAO) and is no longer dependent on its original founder. It is maintained by a global community of independent developers and contributors. All major decisions regarding protocol upgrades and parameters are made by YFI token holders through a transparent, decentralized voting process, ensuring the project remains community-led.
The V3 upgrade moves the protocol toward a permissionless system, allowing for greater scalability and decentralization by enabling more participants to deploy yield strategies. The veYFI (voting-escrow) model rewards long-term participants by allowing them to lock their tokens in exchange for increased voting power and a higher share of the protocol's revenue-sharing initiatives.
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