The current real-time price of YVDAI is $1.21. In the past 24 hours, YVDAI has traded between $1.207696 and $1.211462, showing strong market activity. The all-time high of YVDAI is $1.22, and the all-time low is $0.9274.
From a short-term perspective, the price change of YVDAI over the past 1 hour is , over the past 24 hours is +0.01%, and over the past 7 days is +0.00%. These figures provide a quick overview of the latest price trends and market dynamics of YVDAI on LBank.+0.00%
The live price of YVDAI today is $1.21, with a current market cap of $0. The 24-hour trading volume is --. The price of YVDAI to USD is updated in real time.
Before deciding whether to buy or sell YVDAI, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s YVDAI 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 YVDAI.
How much will YVDAI be worth tomorrow, next week, or next month in ? What about your YVDAI assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! YVDAI Price Prediction
To learn more about YVDAI, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x5c63...dd94dd  | 3.048M | 34.06% |
ethereum | 0x13e3...94179e | 1.329M | 14.86% |
ethereum | 0xdd65...4b0976 | 850.179K | 9.5% |
ethereum | 0xd96f...fc2cce | 757.046K | 8.46% |
ethereum | 0x3d65...31f1be | 727.036K | 8.12% |
Other | 2.238M | 25.01% |
yvDAI is an interest-accruing token that signifies a deposit of DAI (Dai stablecoin) into a Yearn vault strategy. It functions as an ERC20-compatible "yvToken," serving as a receipt for your deposited DAI within the Yearn ecosystem.
Yearn Vaults, or yVaults, are smart contracts pooling user funds to maximize yield on deposited assets. Depositing DAI into a vault returns yvDAI. The vault then deploys aggregated DAI into DeFi protocols and lending platforms to generate returns, which are automatically compounded, increasing yvDAI's value. Vaults are flexible, using multiple strategies and reallocating capital as market conditions change.
The primary benefit is automated yield generation and compounding, simplifying complex yield farming. Users earn returns without active management. While Yearn Vaults charge performance and management fees, direct deposit or withdrawal fees for the user are typically absent. yvDAI is also a stablecoin, usually trading within a narrow range of its USD peg, making it a reliable store of value.
Investing in yvDAI involves inherent DeFi risks, including exposure to the underlying Yearn and Maker protocols. Smart contract risk is significant, as a 2021 exploit of a yDAI vault resulted in an $11 million loss. Although strategies aim to be "up only" and avoid issues like impermanent loss, no investment is without risk. Past vulnerabilities due to misconfigured slippage protection also highlight these concerns.
No, yvDAI is not the same as DAI. While yvDAI represents your DAI, it is a separate token. When you deposit DAI into a Yearn vault, it is converted into yvDAI. To access your original DAI and any accrued interest, you must redeem your yvDAI back into DAI. It's important to note that some cryptocurrency exchanges, such as a prominent global exchange, may not directly support or recognize yvDAI.
Yearn Finance typically charges a 20% performance fee, deducted from the yield, and a 2% annual management fee on the total balance. A portion of the performance fee (up to 10%) goes to strategists, and another 10% to the Yearn DAO treasury. Users also incur gas fees for transactions on the Ethereum network or other Layer 2 solutions, depending on network congestion.
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