Yfi token price prediction software#The more money investors entrust to Yearn, the more YFI will be worth.Įxodus is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds. Only YFI token holders can vote on governance decisions for the protocol. All of the tokens were sent to protocol users rather than VCs or founders. Unlike other DeFi cryptocurrencies, YFI had a fair distribution. The limited supply causes YFI to trade at Bitcoin-like prices, and YFI had an ATH of $91,000 in May of 2021. YFI has a very limited supply of less than 40,000 tokens. Yearn Finance’s Vaults behave like an automatic mutual funds manager, using smart contracts to invest and rebalance or sell assets based on predefined parameters. These pools often involve a wide range of coins and smaller stablecoins such as DOLA, MIM, RAI as well as ibAUD, ibGBP and ibEUR. Investors can also take part in more advanced strategies in Yearn Finance’s Vaults, which include liquidity pools offering higher-than-average yields. A small cut of the yield is paid back to YFI token holders and protocol developers. Yearn Finance finds the best yield across multiple protocols such as Aave, Compound, dYdX, Curve, Balancer and many more. If the interest rates switched and Compound began offering a better ROI, Yearn would move all of their users’ funds to Compound. For example, if the interest rate for DAI on Compound was 6% but 8% on Aave, Yearn would allocate DAI to Aave. Send your assets to Yearn and the protocol will automatically deposit them into the DeFi platform that offers the highest yields.
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