Where to buy yearn.finance (YFI) cryptocurrency
The Yfi coin is widespread among the crypto trading platforms. It is available on 72 exchanges with twenty-one pairs: 0X0BC5.../0XA0B8..., 0X0BC5.../0XC02A..., YFI/WRX and other. All the details about, including fees, market cap and last project news is located above.
Where to buy yearn.finance
Step 1You need an account with a cryptocurrency exchange that supports Yfi token. All of them listed on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
Deepcoin | ?? / ?? | MEDIUM | Yes | $10536 |
|
Tidex | ?? / ?? | MEDIUM | Yes | $5809 |
|
Bitget | 0.1 / 0.1 | HIGH | Yes | $44942 |
|
BTSE | ?? / ?? | MEDIUM | Yes | $5054 |
|
Digifinex | 0.2 / 0.2 | MEDIUM | Yes | $45856 |
|
Binance | 0.1 / 0.1 | HIGH | Yes | $514154 |
|
WhiteBIT | 0.1 / 0.1 | HIGH | Yes | $42302 |
|
P2PB2B | ?? / ?? | HIGH | Yes | $85816 |
|
Coinbase Exchange | 0.5 / 0.5 | HIGH | Yes | $34667 |
|
BitMart | 0.25 / 0.25 | HIGH | Yes | $101098 |
|
Crypto.com Exchange | 0.1 / 0.16 | HIGH | Yes | $14617 |
Transfer or purchase with P2P one of this coins: 0X0BC5..., USDT, 0XBB4C..., IDR, WRX or other.
Step 3Open spot trading on cryptocurrency exchange and type the coin name in search box. Select from available trading pairs, then set order and push Buy YFI button.
Congratulations!
After you hit "buy" button, the yearn.finance will be available on your account on the cryptocurrency exchange. You need to know that only transferring your coins from cryptocurrency exchange into offline hardware wallet such as Trezor or Ledger Nano, you can improve protection of your finances. It's not only cut your risk if your cryptocurrency exchange or account gets hacked, but if you move to a “cold,” or offline, wallet, your yearn.finance coin becomes safe assets. Only downside is generally have to pay a small withdrawal fee to transfer your tokens off of the exchange.
What is yearn.finance
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. It started out as a passion project by Andre Cronje to automate the process of switching capital between lending platforms in search of the best yield offered, as the lending yield is a floating rate rather than fixed rate. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD. For example, if a user deposits DAI into yearn.finance, the user will receive yDAI token in return, which is a yield-bearing DAI token. Later on, it collaborated with Curve Finance to release a yield-bearing USD tokens pool that includes four y-tokens: yDAI, yUSDT, yUSDC and yTUSD, it is named as yUSD. Yearn Finance debuted the vault feature after its token launch, igniting a frenzy on automated yield farming and is considered the initiator of the category of yield farming aggregator. Basically, the vault will help users to claim yield farming rewards and sell it for the underlying assets. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise
Video Review
What is Yearn Finance? YFI Token and Yearn Finance Explained
Statistics and Externals
Concepts of hash algorithms doesn't apply in case of yearn.finance tokens. The blockchain was built by developers from South Africa.
Price and supply
The current total supply is 36.7 thousands, with a circulating supply of 33.6 thousands YFI as of Oct 2024. The yearn.finance max supply is 36666.
The price of yearn.finance crypto is $4702.1908 as of 06:53 PM. The price change on 1.0131% over the past 24 hours. The recent price action left the token's market capitalization at 183.1 millions united states dollars. Thus far last 30 days, the yearn.finance token increased on 0.87%.
FAQ
What exchange can I buy yearn.finance?
yearn.finance crypto can be purchased from 72 exchanges. And these are some of them: Binance US, FMFW.io, WhiteBIT, Max Maicoin and Poloniex.
Is Yfi token a good investment?
The yearn.finance has a common risks of price go down. Because of high volatility of all cryptocurrency market you must understand: learn the risks before you start trading, you can lose all of your invested funds and any cryptocurrency has a possibility price to crash to zero. Aside from that it's chance to get filthy rich by investing in crypto.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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