Founded in 2020, yearn.finance is a collection of protocols working as a team on the Ethereum blockchain. These protocols help users increase their passive income on crypto assets they HODL through the use of trading and lending services. Yearn .finance is one of the most popular decentralized finance (DeFi) protocols and operates on an autonomous basis. There is no centralized authority controlling the platform but a community of delegators that are rewarded via incentives to participate in and manage the protocol. YFI is the cryptocurrency tying it all together.
The YFI price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines the YFI price rates from Binance, Kraken, Huobi, OKEx, and others.
To monitor YFI prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest YFI price anytime, anywhere.
The YFI price constantly changes, however, our interest rates are stable as ever. Since 2021, our YFI savings account has featured 4.5% APR + compounding interest. Why? Because we want you to earn more with yearn.finance. It’s as simple as that.
There are many useful scenarios for a crypto-backed loan. Use it to hedge your portfolio in the event of a YFI price drop or simply use the growing value of your YFI price as collateral for instant cash. HODL YFI and see the profits.
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