Yearn Finance
About Yearn Finance
The price of Yearn Finance (YFI) is $5,001.16 today, as of Sep 19 03:29 p.m., with a 24-hour trading volume of $21.59M. Over the last 24 hours, the price has increased by 5.62%. Yearn Finance currently has a circulating supply of 33,562.94 and a market cap of $167.85M.
YFI is the native cryptocurrency of the Yearn Finance platform: a collection of decentralized finance (DeFi) products that allow users to earn interest on their crypto assets using smart contract platforms like Ethereum. Yearn Finance’s yield products typically offer yields of 25% to 35%.
When YFI was launched, the platform didn’t allocate any funds to investors, the founding team or community members. Instead, it distributed its initial 30,000 tokens equally to liquidity providers and platform users.
In July 2020, the price of YFI jumped 35,000% in a single week, reaching a high of $3,125. Not long after that, Yearn Finance became the sixth-largest crypto lending protocol with $4 billion in liquidity locked on the protocol, up 4,600% in one week.
Yearn’s price reached an all-time high of $93,435.53 on May 12, 2021, and hit a low of $739.44 on July 21, 2020.