yearn.finance (YFI) is a decentralized finance (DeFi) protocol that helps users maximize returns on their crypto investments through automated yield farming strategies. Its native token, YFI, is used for governance and has a capped supply of 30,000 tokens.
Kalkulator yearn.finance ke Rupiah (YFI to IDR)
Konversi Harga yearn.finance hari ini ke dalam Rupiah sebaliknya.
Key stats
Market Capitalization
IDR 3.337.492.028.754
Trading volume 24H
IDR 410.610.120.470
Volume / Market Cap
12,30295434213500627152 %
Fully Diluted Valuation
IDR 3.625.210.694.643
All time high
IDR 1.288.166.057
Circulating supply
YFI 33.756
Max supply
YFI 36.666
Total supply
YFI 36.666
About yearn.finance (YFI)
yearn.finance (YFI) was developed to simplify yield farming by automating the process of moving funds between different DeFi protocols to optimize returns. It enables users to earn passive income without needing deep technical knowledge of DeFi operations. The platform has gained popularity for its innovative and user-friendly approach to decentralized financial services.
yearn.finance (YFI) Working Mechanism
yearn.finance works by pooling users’ funds and allocating them to various DeFi protocols like Compound, Aave, and Curve. Through smart contracts, it continuously adjusts strategies to ensure optimal yields, eliminating the need for manual fund management. Users can deposit assets in “vaults” tailored to different risk and return profiles.
Uniqueness of yearn.finance (YFI)
- Fully decentralized governance controlled by YFI holders.
- Automated yield optimization, reducing the need for constant user involvement.
- Diverse vault strategies that cater to various risk appetites and market conditions.
Advantages and Disadvantages of yearn.finance (YFI)
Advantages:
- Passive income through automated strategies.
- Transparent and decentralized governance.
- Access to high-yield opportunities across multiple protocols.
Disadvantages:
- High dependency on Ethereum network fees (gas costs).
- Potential risks from smart contract vulnerabilities.
- Yield rates may fluctuate based on market conditions.
Features of yearn.finance (YFI)
- Vaults: Automated investment strategies for optimizing returns.
- Earn: A service that allocates stablecoins to the most profitable lending protocols.
- Governance: Decisions about protocol upgrades and strategies are made by YFI holders.
- Security: Regular audits and community-driven protocol improvements.
History and Development of yearn.finance (YFI)
yearn.finance was created in 2020 by Andre Cronje, a prominent DeFi developer. Originally known as iEarn, it was rebranded to yearn.finance and quickly gained traction due to its innovative approach to yield farming. The launch of the YFI token introduced a governance model where token holders control the protocol’s future direction. Since then, yearn.finance has expanded its services and partnerships within the DeFi ecosystem, maintaining its position as a leading yield aggregator.
How to Buy yearn.finance (YFI)
Interested in purchasing this particular crypto asset? You can buy yearn.finance (YFI) by following these steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying crypto through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the Crypto menu, search and select yearn.finance (YFI).
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the crypto asset, be sure to conduct research and analysis first. You can do this by checking the crypto asset profile, industry conditions, monitoring price movement trends, and observing its liquidity and trading volume. Performing this analysis is crucial so you can formulate an accurate investment strategy and minimize losses.
Is it Safe to Buy yearn.finance (YFI) on Nanovest?
Absolutely. Nanovest is supported by a number of professional partners with a strong reputation for providing quality services. One of these includes the technology backing of the S-Quantum Engine by Sinarmas Financial Services.
For global and US stocks, Nanovest collaborates with brokers registered with the Financial Industry Regulatory Authority (FINRA) in the United States – which ensures Nanovest users’ broker accounts up to US$500k by the Securities Investor Protection Corporation (SIPC) in the United States.
As for crypto assets, Nanovest is an Indonesian crypto exchange registered with the Commodity Futures Trading Regulatory Agency (Bappebti). The Nanovest platform itself is also insured through a partnership with Sinarmas Insurance.
Disclaimer
All content on this website is for informational purposes and doesn’t constitute a recommendation to buy/sell any stock or crypto. Investors should understand the nature of stocks and digital assets, including return and risk requirements of the assets. We encourage investors to fully understand the assets and risks before making any investment. Always do your own research.
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