yearn.finance
YFI
Crypto
Governance
USD 4,079.09+2.59%
yearn.finance
UMushroom community rating:
About
Governance
Categoryn/a
Consensus MechanismL2
L1/L2n/a
Sub-cateegoryethereum
Ecosystem2020
Year of creation
Description
yearn.finance (YFI) is a Governance crypto token. yearn.finance was founded on 2020-07-18 on the ETHEREUM ecosystem. More information can be found at https://yearn.finance/.
Key Technical Advantages:
Yield Aggregator: Yearn Finance is a premier yield aggregator in the DeFi space. It provides individuals, DAOs, and other protocols with a way to deposit digital assets and earn yield. The protocol is maintained by various independent developers and is governed by YFI token holders. Yearn Vaults: Yearn Vaults are capital pools that automatically generate yield based on opportunities in the market. These vaults socialize gas costs, automate the yield generation and rebalancing process, and automatically shift capital as opportunities arise. Vaults represent a passive-investing strategy and do not require users to have proficient knowledge of the underlying protocols involved or DeFi. Governance by YFI Token Holders: The Yearn ecosystem is controlled by YFI token holders who submit and vote on off-chain proposals that govern the ecosystem. Proposals that receive 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 to be implemented. Communication Channels: Yearn Finance maintains active communication channels including a Governance Forum, Discord, Telegram, and Reddit for discussion and updates about the protocol. These platforms allow for open dialogue and collaboration among the community members. Community for Developers: Yearn Finance encourages contributions from developers. It maintains open-source repositories for developers to work on. This includes various GitHub repositories that focus on the development of Yearn vaults, strategies, wrappers, and other aspects of the protocol. Content summarized by AI chatbotSource:
Key figures
-44.8%1Y
-35.4%3Y
-83.5%5Y
Performance
4,103/ 4,0171D
5,195/ 3,9341M
14,306/ 3,9341Y
Highs/ Lows
13.09.2022
USD 82,070.76
All Time High
4.97%
% of All Time High
-95.21%All Time
-72.50%1 year
Max drawdown
#194
Ranking by Market Cap
136.54 M
Market cap (USD)
0.00%
% of Market
18.524 B
Category Market Cap (USD)
0.74%
% of Category
36646
Circulating Supply
33984
Liquid Supply
92.74%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
9976703
Volume Traded
7.75%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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