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What is yearn.finance all about
As part of the booming DeFi space, Yearn Finance has come along as a suite of products in the DeFi space with its core goal to provide lending aggregation, yield generation, and insurance on the Ethereum blockchain.
As a decentralized financial operation, the entire protocol is maintained by various independent developers and is governed by YFI holders rather than a centralized group of people or company.
There are a number of core decentralized products in the Yearn Finance protocol such as Vaults, Earn, Zap and Cover. These products are analogous to Capital pools that generate yield; a lending aggregator; a liquidity pool swapping tool and a financial insurance system.
The Yearn ecosystem is controlled by YFI token holders who submit and vote on off-chain proposals that govern the ecosystem.
The growth of the DeFi space means a growth in different financial products that can be implemented without the need for banks or other institutions and the current suite of products from yearn represents a good move towards a fully decentralised future of finance.
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YFI Questions & Answers
What is the yearn.finance price today?
Today, the price of yearn.finance is 19770.27 Euro.
When did yearn.finance hit its highest price?
yearn.finance's price was the highest on 2021-05-12, when it was at 74761.00 Euro.
What will yearn.finance cost in 30 days?
Based on our short term price prediction, we expect, that yearn.finance's price will be between €16221.28 and €33776.70 30 days from now.
How much will yearn.finance cost in three months?
On the basis of our short term price prediction we estimate that yearn.finance's value will reach between €14061.31 and €33776.70 in three months time.
What will the price of yearn.finance be six months from now?
Long term projections are very difficult, however in accordance with our prediction we estimate that yearn.finance's cost is likely going to reach between €10200.63 and €33776.70 half year from now.
What is the popularity of yearn.finance online?
8199 Reddit users participated via Reddit, in an online discussion about yearn.finance in the last 48 hours. yearn.finance's Twitter profile is followed by 175926 users.
What can I do with Yearn Vaults?
Vaults employ strategies to automate the best yield farming opportunities available. Yield farming has become a popular way to earn money through staking on DeFi platforms. Vaults were designed so that the community could work together to build new strategies to find the best yield.
Who Created yearn.finance?
Yearn.finance was launched by independent developer Andre Cronje in 2020. Cronje received no funding for the yearn.finance protocol and reserved no tokens for himself prior to yearn.finance’s launch.
Why would I want to use Yearn?
The Yearn protocol may be of interest if you wish to earn interest on your cryptocurrency without trusting those funds to a custodian or intermediary.
What is Earn?
Another popular tool in the DeFi space for making passive income off of cryptocurrency, Earn is a yield aggregator for lending platforms that rebalances for highest yield during contract interaction.
10 days yearn.finance price forecast
Long term yearn.finance price prediction