It runs on the Ethereum and Fantom blockchains and it was. Yield farming is a process of staking cryptocurrency to earn interest as passive income. Even though the team behind it said it has “0 financial value,” the coin blew up in value and is the 88th most valuable coin by market cap, as of October 2021. githubyearn.finance Overview Repositories Projects Packages People Pinned yearn-vaults Public. Yearn.finance is a DeFi project that provides a range of financial products across its platform. Yearn Finance is a yield farming platform with an intuitive interface. For instance, in the heyday of the DeFi boom, people used to take out loans on DeFi lending protocol Compound just to earn its valuable token. The protocol became popular in 2020 after lots of other DeFi protocols started issuing their own tokens, and rewarding anyone who invested money in them. Yearn Finance was created by a decentralized finance (DeFi) developer called Andre Cronje. However, deposits aren’t insured by the government and if the protocol runs out of money, or you haven’t taken out insurance on another protocol, you might not get your money back. Yearn Finance is een suite van producten in Decentralized Finance (DeFi) dat leningen aggregatie, opbrengst generatie, en verzekeringen biedt op de Ethereum blockchain. The platform transfers users’ assets between DeFi products such as Aave, Dydx, and Compound to increase APY. The revolutionary YFI can be seen as the first step towards a secured and better investment in the DeFi. Yearn.finance is an APY-increasing protocol that moves crypto assets from one decentralized lending protocol to another, allowing users to maximize their returns. When Yearn was exploited, it reimbursed customers for losses. Yearn Finance is a gateway for a set of Decentralized Finance solutions, powered by the Ethereum blockchain, that allows one to maximize your investments through lending aggregation, yield-generation, and insurance. Sometimes the protocols Yearn relies on get exploited, and some of Yearn’s vaults have been sacked, too. Sometimes they get scammed, but Yearn Finance has previously reimbursed customers for losses. After almost a month of indecision around the 8000 prijsniveau, the bull market smashed through the price level. (Non-custodial protocols are those that don’t have custody over investors’ money investors themselves retain custody.)Īll of this runs on code, and not all of the protocols that Yearn Finance invests in are vetted. Yearn.Finance (YFI) prijspompen na het doorbreken van het weerstandsprijsniveau van 8000. ![]() ![]() Invest some money in one of its vaults, and Yearn Finance will lend, invest or pool that money in one of several non-custodial financial protocols to earn you the best return it can. Yearn Finance lies somewhere between a crypto version of a robo advisor and an automated hedge fund - except without any actual advisors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |