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What can you do with Yearn Finance?
Store/Hold Yearn Finance
Many users hold on to their Yearn Finance with the expectation of it increasing in value. You can store your YFI safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Yearn Finance
You can trade Yearn Finance for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Yearn Finance trading to meet your needs.
Send Yearn Finance
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Yearn Finance online and send to anyone and anywhere with their Yearn Finance address.
Spend Yearn Finance
You can also buy goods and services with your Yearn Finance. More and more vendors and retailers accept Yearn Finance every day.
Donate Yearn Finance
Bitget Charity accepts Yearn Finance donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Yearn Finance so no one misses out on the growth made possible by blockchain.
Learn More About Yearn Finance
You can read more in-depth articles on Yearn Finance from Bitget Research and study how cryptocurrencies like Yearn Finance work on Bitget Academy
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What is Yearn Finance (YFI)?
Yearn Finance is a DeFi protocol on Ethereum that allows users to optimize their crypto earnings through a host of services such as staking, lending aggregation, and yield generation. The protocol offers automated trading strategies (known as money robots) that tell investors where, when, and how much to invest, move, and withdraw their money across different DeFi platforms.
Andre Cronje is the founder of Yearn Finance. He launched the protocol as a one-man team without raising any fundings in July 2020.
How Yearn Finance (YFI) Works
Yearn Finance has the following services:
- Vaults are the most popular products on Yearn Finance. They are like decentralized mutual funds on the blockchain, where users deposit their money in different pools in Yearn Finance and the protocol automatically decides how to invest the deposits in other protocols.
- Earn searches for the best interest rate in lending from multiple DeFi protocols on Ethereum and allows users to benefit from it.
- Zap lets users perform multiple actions on different DeFi platforms in one click, thereby saving time and transaction fees.
- APY (Annual Percentage Yield) gives an estimate on how much interest one can expect to earn annually based on the search results in Earn.
How Many Yearn Finance (YFI) Tokens Are in Circulation?
YFI is purely a governance token of the Yearn Finance protocol. It has a maximum supply of 30,000 and all of them are distributed.
How to Buy Yearn Finance (YFI)
Consider investing in Yearn Finance (YFI)? It only takes 2 minutes to create an account on Bitget and start trading YFI.
Check out the available YFI trading pairs on Bitget!
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Yearn Finance (YFI) Resources
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