yearn.finance Trading 10.9% Higher Over Last Week (YFI)

yearn.finance (CURRENCY:YFI) traded up 3.8% against the US dollar during the one day period ending at 10:00 AM Eastern on October 14th. One yearn.finance coin can currently be bought for about $35,950.66 or 0.62428285 BTC on cryptocurrency exchanges. yearn.finance has a total market cap of $1.32 billion and $192.65 million worth of yearn.finance was traded on exchanges in the last 24 hours. During the last week, yearn.finance has traded up 10.9% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Tether (USDT) traded down 0% against the dollar and now trades at $1.00 or 0.00001737 BTC.
  • XRP (XRP) traded 6.1% higher against the dollar and now trades at $1.15 or 0.00001996 BTC.
  • Polkadot (DOT) traded 16.7% higher against the dollar and now trades at $40.52 or 0.00070355 BTC.
  • SHIBA INU (SHIB) traded down 0.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Filecoin (FIL) traded 10.4% higher against the dollar and now trades at $71.24 or 0.00123716 BTC.
  • Internet Computer (ICP) traded up 8.7% against the dollar and now trades at $44.88 or 0.00077931 BTC.
  • Bitcoin BEP2 (BTCB) traded up 5% against the dollar and now trades at $57,555.13 or 0.99944425 BTC.
  • Lido stETH (STETH) traded up 10.5% against the dollar and now trades at $3,770.01 or 0.06546627 BTC.
  • stETH (Lido) (STETH) traded up 3.2% against the dollar and now trades at $3,479.19 or 0.06807369 BTC.
  • eCash (XEC) traded up 2.5% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

yearn.finance Profile

yearn.finance was first traded on July 17th, 2020. yearn.finance’s total supply is 36,666 coins and its circulating supply is 36,638 coins. The official message board for yearn.finance is medium.com/iearn. yearn.finance’s official Twitter account is @iearnfinance. yearn.finance’s official website is yearn.finance.

According to CryptoCompare, “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. Core Products: Vaults:Capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. Earn:The first Yearn product was a lending aggregator. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. Users can deposit to these lending aggregator smart contracts via the Earn page. Zap:A tool that enables users to swap into and out of (known as “Zapping”) several liquidity pools available on Curve.Finance. These pools benefit from the lending aggregators discussed above, as well as earning users trading fees by partcipating as Liquidity Providers (LPs) on Curve.Fi. Currently users can use five stablecoins (BUSD, DAI, USDC, USDT, TUSD) and “Zap” into one of two pools (y.curve.fi or busd.curve.f) on Curve. Alternatively, users can “Zap” out of these two Curve pools and into one of the five base stablecoins. Cover:Insurance that enables users to obtain coverage against financial loss for various smart contracts and/or protcols on the Ethereum blockchain. Cover is underwritten by Nexus Mutual. Governance:The Yearn ecosystem is controlled by YFI token holders who submit and vote on off-chain proposals that govern the ecosystem. Proposals that generate a majority support (>50% of the vote) are implemented by a 9 member multi-signature wallet. Changes must be signed by 6 out of the 9 wallet signers in order to be implemented. The members of the multi-signature wallet were voted in by YFI holders and are subject to change from future governance votes. “

Buying and Selling yearn.finance

It is usually not possible to purchase alternative cryptocurrencies such as yearn.finance directly using US dollars. Investors seeking to trade yearn.finance should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase yearn.finance using one of the exchanges listed above.

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