yearn.finance Market Cap Reaches $281.07 Million (YFI)

yearn.finance (YFI) traded 3.7% higher against the U.S. dollar during the 1-day period ending at 19:00 PM E.T. on January 25th. Over the last seven days, yearn.finance has traded up 16.1% against the U.S. dollar. One yearn.finance token can now be bought for about $7,671.72 or 0.33181964 BTC on cryptocurrency exchanges. yearn.finance has a market cap of $281.07 million and approximately $47.29 million worth of yearn.finance was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

  • Aidi Finance (BSC) (AIDI) traded up 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 3.7% against the dollar and now trades at $0.0611 or 0.00000264 BTC.
  • CareCoin (CARES) traded up 3.7% against the dollar and now trades at $0.0759 or 0.00000328 BTC.
  • OmniaVerse (OMNIA) traded 1.4% higher against the dollar and now trades at $0.0020 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded 3.7% higher against the dollar and now trades at $93.95 or 0.00406323 BTC.
  • Lunar (LNR) traded 2.6% lower against the dollar and now trades at $0.0278 or 0.00000120 BTC.
  • Hokkaidu Inu (HOKK) traded 11.6% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 3.7% against the dollar and now trades at $6,594.55 or 0.28520853 BTC.
  • 2G Carbon Coin (2GCC) traded 0.3% higher against the dollar and now trades at $135.76 or 0.00587151 BTC.
  • Lego Coin (LEGO) traded 5.6% lower against the dollar and now trades at $0.0406 or 0.00000176 BTC.

yearn.finance Profile

yearn.finance’s launch date was July 17th, 2020. yearn.finance’s total supply is 36,666 tokens and its circulating supply is 36,638 tokens. The official message board for yearn.finance is medium.com/iearn. The official website for yearn.finance is yearn.finance. yearn.finance’s official Twitter account is @iearnfinance.

According to CryptoCompare, “Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders.Core Products:Vaults:Capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise.Earn:The first Yearn product was a lending aggregator. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. Users can deposit to these lending aggregator smart contracts via the Earn page.Zap:A tool that enables users to swap into and out of (known as “Zapping”) several liquidity pools available on Curve.Finance. These pools benefit from the lending aggregators discussed above, as well as earning users trading fees by partcipating as Liquidity Providers (LPs) on Curve.Fi. Currently users can use five stablecoins (BUSD, DAI, USDC, USDT, TUSD) and “Zap” into one of two pools (y.curve.fi or busd.curve.f) on Curve. Alternatively, users can “Zap” out of these two Curve pools and into one of the five base stablecoins.Cover:Insurance that enables users to obtain coverage against financial loss for various smart contracts and/or protcols on the Ethereum blockchain. Cover is underwritten by Nexus Mutual.Governance:The Yearn ecosystem is controlled by YFI token holders who submit and vote on off-chain proposals that govern the ecosystem. Proposals that generate a majority support (>50% of the vote) are implemented by a 9 member multi-signature wallet. Changes must be signed by 6 out of the 9 wallet signers in order to be implemented. The members of the multi-signature wallet were voted in by YFI holders and are subject to change from future governance votes.”

Buying and Selling yearn.finance

It is usually not currently possible to buy alternative cryptocurrencies such as yearn.finance directly using U.S. dollars. Investors seeking to acquire yearn.finance should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy yearn.finance using one of the exchanges listed above.

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