Yearn.Finance is a protocol designed to facilitate making money through Yield Farming. This is done through "arbitrage", making money by buying and selling at different rates. The protocol is mainly intended for investors who are not very tech-savvy or are less serious about trading.
MoreThe platform uses different tools that are supposed to serve as an aggregator for DeFi protocols like Curve, Compound and Aave, so investors who stake their crypto can make the highest possible profit.
MoreYou can buy yearn.finance (YFI) at a crypto exchange like Coinmerce. Simply select ‘buy’, then your preferred payment method and once you paid, you’ll receive the YFI tokens shortly!
MoreWould you like to buy yearn.finance? You can buy yearn.finance using a credit card or SEPA at Coinmerce. Once you are logged in, you will see ‘Coins’ in the top menu. When you click on this button, you come to the page with all crypto coins that Coinmerce offers. If you don't see yearn.finance, use the search function to look for yearn.finance. You can indicate the amount of euros you want to buy yearn.finance for in the right window. Below is shown how much yearn.finance tokens you get for this. If you have entered the desired amount you can click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy yearn.finance when the price of yearn.finance reaches your entered value. You can also execute a repeating order. Do you want to buy yearn.finance with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive yearn.finance.
The yearn.finance project was founded by André Cronje, first under the name iEarn. In February 2020, it went live under the new name yearn.finance. Cronje has a long career in cryptocurrency and specializes in DeFi. There are also other specialists on the team, known by the pseudonyms Banteg, Milkyklim and Tracheopteryx. Yearn.Finance makes its own profit through transaction fees of 0.5% and 5% gas fees. It operates with the YFI token, which can be earned by offering it as liquidity, after which you can earn additional tokens. These are also used as governance tokens. The YFI token became so popular after its launch that its value peaked at $41,000 in September 2020. It is the first crypto currency to have achieved a higher value than Bitcoin.