yearn.finance

What is YFI and how Does It Work?

Yearn Finance operates within the DeFi sector, offering services such as lending aggregation, yield generation, and Ethereum-based insurance services. It is maintained by a group of independent developers and shaped by the interests of YFI token holders. The 'vaults' feature contributed significantly to YFI's recognition among yield farming aggregators by facilitating obtaining of yield farming rewards and aiding in the sale of underlying assets. Yearn Finance worked alongside Curve Finance, which resulted in the creation of yield-bearing yUSD tokens: yDAI, yUSDT, yUSDC, and yTUSD. The project was designed by Andre Cronje with a focus on the automation of capital switching between lending platforms including AAVE, and Compound for yield management. The vaults of Yearn Finance extend advantages by evenly distributing gas costs, managing yield generation, and rebalancing procedures, as well as exploring new opportunities for utilized capital. Notably, using these vaults does not demand in-depth knowledge of underlying DeFi protocols. Rather, the vaults seek to maximize the attributes of the tokens you have deposited.

How to Buy and Store YFI?

To purchase YFI, Flooz.xyz offers a streamlined process that makes buying this token a breeze. With Flooz.xyz, you can trade YFI directly on the platform, providing you with a one-stop solution for all your trading needs. The best part is, you don't even need to own a wallet to buy YFI through Flooz.xyz. This saves you the hassle of setting up and managing a separate wallet. Tap tap go! All payment methods are supported, making it convenient for you to complete your purchase.

Using Flooz self-custodial web wallet, you can ensure seamless CAST transactions for storing, sending, and receiving YFI tokens. Creating a self-custodial wallet on Flooz.xyz is incredibly easy, taking just a few seconds with your email, Google, or Apple ID. This also ensures that you have access to your funds at all times, thanks to the power of cryptography.

But that's not all. Flooz.xyz goes the extra mile to provide you with the best trading experience. By aggregating more than 50+ providers, Flooz.xyz ensures that you have access to the fastest and cheapest payment routes for your YFI trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. So, whether you're a seasoned trader or just starting out, Flooz.xyz is the ideal platform to buy YFI and make the most of your trading journey.

YFI Metrics:

• Current price: $5,565.4503

• Market cap: $204.06 M

• All-time high: $90.79 k (May 12, 2021)

• All-time low: $31.65 (Jul 18, 2020)

• Daily trading volume: $23.84 k