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Yearn-finance

YFI

Yearn.finance

YFI

Watchlist

₹7,00,656.00

LIVE

24H Low ₹6,74,344.00

24H High ₹7,31,720.00

Price of YFI today

The current live price of YFI today is ₹7,00,656.00, with a 24-hour trading volume of ₹4,65,67,19,231.12. Our YFI to INR price is updated in real-time. YFI has seen a decrease of -0.81% in the last 24 hours. With a live market cap of ₹23,41,46,11,675.84 , the circulating supply is at 33,563 YFI coins, with a maximum supply of 36,647YFI coins.

Yearn.finance Price History

Date ComparisonAmount Change% Change
Today-₹4,136.00

0.59%

7 Days₹38,544.00

5.83%

30 Days₹2,91,544.00

71.4%

1 Year₹2,57,928.00

58.36%

Yearn.finance Price Information

Price Change (1hr)

1.37%

Price Change (24hr)

0.59%

Price Change (7d)

5.83%

yearn.finance Market Stats

Market Cap

₹23,41,46,11,675.84

Fully Diluted Market Cap

₹25,56,59,07,913.92

24hr Volume

₹4,65,67,19,231.12

11.17%

Circulating Supply

33562.83 YFI

Total Supply

36646.53 YFI

Things to know about Yearn.finance

What is the token?

  • Yearn.finance (YFI) is a governance token for the Yearn.finance platform.

  • Enables lending aggregation, yield generation, and insurance on Ethereum.

  • YFI holders vote on platform governance and strategies.

Tokenomics

  • The maximum supply is 36,666 YFI, with a circulating supply of about 33,414 YFI.

  • There is no allocation to teams or insiders; all tokens are distributed to platform users.

Market Data

As of today #{today’s date}, the price of Yearn.finance is ₹7,00,656.00 INR or 7962 USD, with a 24-hour trading volume of 52917263.99 USD. The market capitalisation for Yearn.finance is 266075132.68USD. The circulating supply is 33562.83 Yearn.finance, with the total supply also being 36646.53 Yearn.finance.

Token Pros and Cons

Pros:

  • YFI is a leading token in the DeFi space with a strong community and governance model.

  • Provides access to a suite of DeFi products and yield-generating strategies.

  • No pre-mined tokens or allocation to the team, which promotes a fair distribution.

Cons:

  • The DeFi space is highly competitive, with many protocols vying for market share.

  • High volatility and potential for significant price swings.

  • Smart contract and protocol risks inherent in DeFi platforms.

Why should you invest in the coin?

  • Exposure to the DeFi sector and yield-generating opportunities.

  • Innovative strategies and community-driven governance appeal to investors.

USP of the coin

  • Pioneer in DeFi, offering decentralised yield optimisation.

  • A community-driven approach and fair token distribution differentiate it from other projects.

Problem the coin is solving

  • Simplifies DeFi investment, making it accessible to non-technical users.

  • Automates yield farming, optimising returns without constant manual adjustments.

Founder and team background

  • It was founded by Andre Cronje, a self-taught developer with a background in cryptocurrency projects.

  • The team has strong technical expertise in DeFi and innovative contract development.

ICO Price

  • No traditional ICO; tokens are distributed to liquidity providers on the platform.

  • Initial low price, with value appreciating as the platform gained recognition.

Risks Associated in Investing in the Coin

  • Market volatility, regulatory uncertainty, smart contract vulnerabilities.

  • Complexity of DeFi strategies and potential for capital loss.

Whitepaper Insights

The Yearn.finance whitepaper outlines the platform’s mission to create a suite of products that automate yield generation in the DeFi space. The platform’s primary offering includes Vaults, which are pools of funds that automatically invest in various yield-generating strategies. These strategies are designed to optimise the returns from lending services, liquidity pools, and other DeFi protocols.

Yearn.finance’s Vaults are dynamic and can shift strategies as market conditions change, ensuring that users’ funds are always allocated to the most profitable opportunities. The platform uses a combination of proprietary methods developed by the Yearn team and other community-contributed strategies. This collaborative approach allows for a diverse range of yield-generating mechanisms to be implemented.

The YFI token is central to the Yearn.finance ecosystem, serving as a governance token that allows holders to vote on key decisions, including adding new vaults, making strategy adjustments, and upgrading protocol. The governance process is designed to be inclusive and community-driven, with proposals submitted by any YFI holder and voted on by the community.

One of the key features of Yearn.finance is its focus on accessibility and ease of use. The platform aims to lower the barriers to entry for investors interested in DeFi by providing a user-friendly interface and automating complex processes. This allows users to participate in yield farming and other DeFi activities without requiring in-depth knowledge of the underlying protocols.

The whitepaper also addresses the risks associated with DeFi, such as smart contract vulnerabilities and market volatility. Yearn.finance has implemented a risk management framework to mitigate these risks, including code audits, insurance mechanisms, and a conservative approach to strategy deployment.

In summary, the Yearn.finance whitepaper presents a vision for a more accessible and efficient DeFi ecosystem. By automating yield generation and simplifying the investment process, Yearn.finance aims to bring the benefits of DeFi to a broader audience. The platform’s governance model ensures that it remains community-focused and adaptable to the evolving DeFi landscape.

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Price as per 01:44 PM • 02 Dec 2024

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What is the price of Yearn.finance (YFI)?

The current price of Yearn.finance (YFI) in INR is ₹7,00,656.00 INR.

What is the current YFI market cap?

The current market capitalization of Yearn.finance (YFI) is ₹23,41,46,11,675.84 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of YFI by the number of coins in circulation.

What is the current supply of Yearn.finance (YFI)?

The current supply of Yearn.finance (YFI) is 33562.83 YFI. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Yearn.finance (YFI)?

The 24-hour trading volume of Yearn.finance (YFI) in INR is ₹4,65,67,19,231.12. This figure represents the total value of all YFI transactions across various exchanges within the last 24 hours.

How to Buy Yearn.finance (YFI) in India?

To buy Yearn.finance (YFI) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in YFI.

Can I buy Yearn.finance (YFI) with UPI?

Yes, you can buy Yearn.finance (YFI) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Yearn.finance (YFI) to Indian Rupee (INR)?

To convert Yearn.finance (YFI) to Indian Rupee (INR), you can use our YFI/INR conversion rates in real time.

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