What is Yearn Finance (YFI)?
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.
The yearn.finance platform consists of several independent products, including:
APY – A data table that shows interest rates across different lending protocols.
Earn – Which identifies the highest interest rates users can earn lending an asset.
Vaults – A collection of investment strategies designed to generate the highest returns from other DeFi projects.
Zap – Which bundles several trades in one click, saving on costs and labor.
Real World Example:
Yearn.finance provides its services using only code, removing the need for a financial intermediary like a bank or custodian. To do this, it has built a system of automated incentives around its YFI cryptocurrency.
Yearn Finance Links
Click on the button below, to visit the Yearn Finance website:
Click on the button below, to buy Yearn Finance (YFI) today: