YFI is the governance token for the Yearn Finance protocol. Its purpose is for voting and to receive cash flows from the fees earned by the protocol. 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...
The start of Yearn Finance's buyback program has already created a positive effect on the token's value as prices have surged 13% in the last 24 hours. Steady Growth, Healthy Finances Driving Yearn Rally Crypto...
DeFi protocols Curve and Yearn Finance are connected as one relies heavily on the other for liquidity provision and pools. Respective token prices, however, are currently in a state of divergence. The divergence was observed by Messari researcher Mira Christanto, who noted that the two DeFi protocols are intrinsically linked so when one goes...
Yearn Finance is a gateway for a set of Decentralized Finance solutions, powered by the Ethereum blockchain, that allows one to maximize your investments through lending aggregation, yield-generation, and insurance. The revolutionary YFI can be seen as the first step towards a secured and better investment in the DeFi. While volatility seems to be the most consistent characteristic of the...
Taxes are one of the more opaque issues in crypto, with many investors still unsure how to calculate taxes on earnings or whether they owe taxes at all. The DeFi space, in particular, has many moving parts when it comes to taxation and asset classes. Crypto Briefing has put together a brief guide that lays out how users' DeFi income might be...
Alpha Finance says the "loophole" has been patched.
Grayscale Investments, the world’s largest digital asset manager, has filed to register a new cryptocurrency trust for Yearn Finance (YFI).
The price of Yearn Finance's YFI token has jumped after Grayscale's YFI trust registration was publicized online. Grayscale Pushes YFI Higher On Feb. 10, the asset management firm Grayscale Investments LLC....
The highest yielding pool on Sushiswap leverages the extra returns from a new Yearn Finance vault, locking Curve Finance's governance token forever. Yearn Finance Rewards Come at a Cost The partnership between Yearn and Sushiswap has enabled lucrative SUSHI rewards for the liquidity provider (LP)...
Yearn Finance stated that its yDAI vault was exploited for the loss of $11 million. They added that the vault is no longer vulnerable. DeFi Hacker Makes Off With $2.7 Million Though the attacker robbed Yearn of $11 million, exorbitant fees cost them millions to execute the hack. They...
Yearn Finance has passed a proposal to increase the maximum supply of its YFI token, according to the project's governance pages. Yearn Finance Breaks Its Supply Cap...
The vote to mint an additional 6,666 YFI in order to fund future development on the Yearn protocol has passed.
Turns out the "no inflation" meme may not be here to stay.
Decentralized finance protocol Yearn Finance has entered the final preparations for its version two launch but that has failed to prevent its native YFI token from slumping. In its latest weekly update, Yearn Finance has summarized its most recent DeFi offerings, which include leveraged vaults when version two finally goes...
If you've been following the cryptocurrency space closely in 2020, you'll know that this was one of its busiest years to date. Though the community rallied behind a few heroes, several villains emerged during this year's frenzy. Top 10 Crypto Villains With Bitcoin earning renewed mainstream attention...
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