yearn.finance (YFI) Price Up 15.8% Over Last 7 Days

yearn.finance (YFI) traded down 2.2% against the dollar during the 1-day period ending at 20:00 PM Eastern on March 18th. yearn.finance has a total market cap of $318.57 million and $58.47 million worth of yearn.finance was traded on exchanges in the last 24 hours. Over the last seven days, yearn.finance has traded 15.8% higher against the dollar. One yearn.finance token can currently be bought for approximately $8,695.27 or 0.32168187 BTC on major exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded 11.4% lower against the dollar and now trades at $0.40 or 0.00001484 BTC.
• Aidi Finance (BSC) (AIDI) traded 0.8% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 1.9% lower against the dollar and now trades at $0.0667 or 0.00000246 BTC.
• CareCoin (CARES) traded down 1.9% against the dollar and now trades at $0.0827 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded up 35.8% against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded down 1.9% against the dollar and now trades at $98.93 or 0.00365664 BTC.
• FEG Token (FEG) traded down 1.9% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 1.3% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded down 1.9% against the dollar and now trades at $7,190.88 or 0.26577750 BTC.
• Lego Coin (LEGO) traded up 21.3% against the dollar and now trades at $0.0172 or 0.00000063 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. yearn.finance’s official message board 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 purchase alternative cryptocurrencies such as yearn.finance directly using U.S. dollars. Investors seeking to acquire yearn.finance should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase yearn.finance using one of the exchanges listed above.

YFI/USD price chart by TradingView