Yearn.finance is a group of protocols running on the Ethereum blockchain. They allow users to optimize their crypto earnings using trading and lending services.
Yearn.finance crypto provides its services only using code, eliminating the need for financial intermediaries such as banks and custodians. The system is based around its YFI cryptocurrency.
As mentioned, the Yearn finance coin is YFI, and users can earn YFI tokens by locking cryptocurrencies into the contacts on the yearn.finance contracts. These contracts run on Balancer and Curve DeFi platforms. The Yearn coin capitalises on yield farming, where users lock up assets in a DeFi protocol and earn more cryptocurrencies while doing so. The more assets locked, the more tokens awarded.
The yearn.finance platform is made of several products working simultaneously: APY, EARN, Vaults, and Zap.
The fastest, most convenient way to purchase yearn.finance is to purchase it on ICONOMI. We check yearn.finance live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy yearn.finance by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if yearn.finance is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy yearn.finance, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have yearn.finance in their structure.
Here you can read and comment on all posts made by Strategists about yearn.finance YFI. See all yearn.finance GBP price predictions in real time and make the best use of their crypto knowledge.
Completing a minor rebalance - taking ptofit on $RVN and $YFI among others. Will start looking at an allocation to cash once full review complete mid next week.
Magnus only invests in alts, or stablecoins depending on forecast returns. Right now we remain 100% long alts.
Removing $YFI, replacing it with $UNI. Data shows Yearn is losing ground and Uniswap showing growth:
"Uniswap was the most used DeFi protocol, with 1.04 million active users in May. On average, 45.4% of Uniswap’s monthly active users were new."
source: https://www.theblockresearch.com/current-state-of-defi-in-2021-part-1-125277
if you are bullish on uniswap you should take a look at mute. Not on Iconomi of course 😅
@CrisCriteri sorry typo, AVAX was 9%, now 5%...
isn’t 5% higher than 4%? ;)
Take a look at rune and thorswap. That looks like The future!