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yearn.finance (YFI)

yearn.finance (YFI)

The price of yearn.finance is $5,169.33, a +6.40% change over the last 7 days. Learn more about yearn.finance’s price history, how it works, and how to invest.

By:
Updated: Aug 5, 2024
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Overview
Markets
Historical Data
Price Statistics
Advanced chart
Technical analysis
yearn.finance price today
24h Change $162.02
24h High $5,471.11
24h Low $5,121.80
Market cap $174.46M
Trading Volume (24h) $27.02M
Market Dominance 0.006300000000%
Market Rank #235
Circulating Supply 33.75K
Max Supply -

yearn.finance markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
Binance Binance
YFI/USDT $5,210.13 $69,697.92 $68,544.60 2,275,268 Recently
2
Coinbase Exchange Coinbase Exchange
YFI/USD $5,202.00 $51,233.71 $62,373.54 191,059 Recently
3
Bithumb Bithumb
YFI/KRW $5,258.35 $14,239.42 $34,006.26 99,371 Recently
4
Binance Binance
YFI/BUSD $5,326.29 $14,565.96 $14,413.85 32,348 Recently
5
Bitfinex Bitfinex
YFI/USD $5,220.00 $18,186.49 $48,129.24 6,827 Recently
6
KuCoin KuCoin
YFI/USDT $5,203.05 $26,623.92 $25,580.43 141,131 Recently
7
Binance Binance
YFI/BTC $5,206.42 $18,188.05 $15,956.62 50,760 Recently
8
Kraken Kraken
YFI/USD $5,216.00 $54,123.94 $84,808.74 7,007 Recently
9
Coinbase Exchange Coinbase Exchange
YFI/BTC $5,205.02 $14,408.58 $15,611.83 16,898 Recently
10
Kraken Kraken
YFI/EUR $5,238.35 $26,874.58 $33,006.34 10,943 Recently
1
Binance Binance
YFI/USDT $5,196.98 - - 4,802,387 Recently
2
KuCoin KuCoin
YFI/USDT $5,199.98 - - 186,719 Recently
3
Kraken Kraken
YFI/USD $5,241.00 - - 15,569 Recently
4
dYdX dYdX
YFI/USD $4,725.32 - - 89 Recently
5
OKX OKX
YFI/USDT $5,201.98 - - 2,799,667 Recently
6
Huobi Huobi
YFI/USDT $5,400.63 - - 3,300,280 Recently
7
Bybit Bybit
YFI/USDT $5,193.99 - - 1,404,573 Recently
8
Poloniex Poloniex
YFI/USDT $5,458.23 - - 116,384 Recently
9
OKX OKX
YFI/USD $5,205.44 - - 47,610 Recently
10
Gate.io Gate.io
YFI/USDT $5,199.08 - - 302,230 Recently
No data found
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About yearn.finance

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Resources

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What is the yearn.finance price today?

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The YFI price is currently $5,169.33. The price of yearn.finance is -9.30% over the last 30 days. You can use the live yearn.finance chart to track the YFI/USD price in real time above, or compare the yearn.finance value today to its past performance using the yearn.finance price history tab at the top of this page.

What is the yearn.finance price prediction for 2025?

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yearn.finance price predictions and forecasts are tricky, because crypto is such a fast-moving industry and new trends can explode very quickly.

However, you can use previous price trends, along with fundamental and technical analysis to make estimates about how yearn.finance might perform in the future.

For example, if you look at overall market trends in previous years, compared with how the yearn.finance price has risen or fallen in response, you can begin to understand how the yearn.finance market reacts to external pressures.

Alongside the YFI price chart and updates to the yearn.finance technology, uptake, or development, these factors help you make a yearn.finance price forecast for the next few months and years.

What is the total supply of YFI?

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The circulating supply is 33,749.67 YFI, out of a total maximum supply of 0.00 YFI.

What is the price prediction for yearn.finance?

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The average yearn.finance price prediction values the coin at $20,000 by the end of 2025. Things like the economic climate, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is yearn.finance?

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Yearn Finance is a decentralised finance portal where users earn money by investing their crypto assets. The YFI coin is the cryptocurrency that powers the Yearn Finance platform. Yearn Finance pays out a portion of its fees to YFI holders as a dividend, and they can also vote on platform governance.

How does yearn.finance work?

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Yearn Finance works out the best way to invest in cryptocurrencies to generate the highest yield. When a user deposits funds into Yearn Finance, the coins are pooled together and distributed between reputable crypto lenders, like Aave, Compound, and DyDx, to generate the highest return.

Yearn moves deposits around between different lenders in order to produce the best results, a practice known as ‘yield farming’.

How is the yearn.finance network secured?

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Third-party auditors regularly screen the platform to ensure its security. However, even the network creator has stated that it could not guarantee to be 100% safe.

What is yearn.finance used for?

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The Yearn Finance token is used for governance of the Yearn platform and to earn fees from every transaction. There is a limited supply of YFI coins – only 30,000 – and they were exclusively distributed to the Yearn Finance community before being made available to trade on exchanges in August 2020.

Because its investment strategy had generated significant value before the tokens were distributed, the YFI/USD price almost immediately surged above $30,000.

Why does YFI have value?

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Some cryptocurrencies have an unlimited supply, meaning new tokens can be minted anytime. YFI has a fixed supply of only 30,000 tokens already in circulation ,meaning that new ones cannot be created. This means that the YFI benefits from scarcity and you’ll have to purchase from another holder to buy it.

The YFI platform is also very suitable for beginners or users wanting to earn income from yield farming but do not want to learn the complexities of the process.

Who created yearn.finance?

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It was created in July 2020 by Andre Cronje, who has a long history in the DeFi space. By the end of September 2020, the platform had assets valued at over $1 billion.

Where can I buy yearn.finance?

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You can buy yearn.finance on either a centralised cryptocurrency exchange (CEX) or decentralized exchange (DEX), depending on its availability. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock trading platform.

Our guide on how & where to buy yearn.finance explains step-by-step exactly how to get started with a reliable crypto exchange, or via one of the most popular decentralized exchanges.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in yearn.finance?

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The simplest way to invest in yearn.finance is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any yearn.finance alternatives?

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If yearn.finance doesn’t seem like the right option for you, there are several others you can take a look at. Here’s a selection of some yearn.finance alternatives

  • Huobi token. Huobi token is the Huobi exchange’s native coin.
  • Binance coin. Binance coin is the native token of the Binance platform
  • Ethereum. Ethereum is the second largest cryptocurrency.

FAQs

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01

Is yearn.finance safe?

02

Has yearn.finance been hacked?

James Knight
Editor of Education
James is the lead editor of education for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and… read more.

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