yearn.finance (YFI) Reaches 24 Hour Trading Volume of $53.86 Million

yearn.finance (YFI) traded up 1% against the dollar during the 24 hour period ending at 8:00 AM E.T. on May 23rd. During the last seven days, yearn.finance has traded 3% lower against the dollar. One yearn.finance coin can currently be bought for about $9,598.33 or 0.31482514 BTC on cryptocurrency exchanges. yearn.finance has a market capitalization of $351.66 million and $53.86 million worth of yearn.finance was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Bitsubishi (BITSU) traded 160.1% higher against the dollar and now trades at $9,938.07 or 0.32596878 BTC.
  • JUMPN (JST) traded up 517.8% against the dollar and now trades at $2.21 or 0.00007280 BTC.
  • Tether (USDT) traded up 0% against the dollar and now trades at $1.00 or 0.00003277 BTC.
  • XRP (XRP) traded up 2% against the dollar and now trades at $0.43 or 0.00001400 BTC.
  • Wrapped Cardano (WADA) traded up 1.5% against the dollar and now trades at $0.55 or 0.00001791 BTC.
  • Enegra (EGX) (EGX) traded up 3.6% against the dollar and now trades at $147.41 or 0.00483495 BTC.
  • Polkadot (DOT) traded up 2.8% against the dollar and now trades at $10.45 or 0.00034277 BTC.
  • Lido stETH (STETH) traded 0.6% lower against the dollar and now trades at $2,947.45 or 0.07417648 BTC.
  • Wrapped TRON (WTRX) traded 2.8% higher against the dollar and now trades at $0.0775 or 0.00000254 BTC.
  • Gateway Protocol (GWP) traded 0.3% lower against the dollar and now trades at $2.58 or 0.00008478 BTC.

yearn.finance Profile

yearn.finance was first traded on July 17th, 2020. yearn.finance’s total supply is 36,666 coins and its circulating supply is 36,638 coins. yearn.finance’s official Twitter account is @iearnfinance. The official message board for yearn.finance is medium.com/iearn. yearn.finance’s official website is yearn.finance.

According to CryptoCompare, “Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. Core Products: Vaults:Capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. Earn:The first Yearn product was a lending aggregator. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. Users can deposit to these lending aggregator smart contracts via the Earn page. Zap:A tool that enables users to swap into and out of (known as “Zapping”) several liquidity pools available on Curve.Finance. These pools benefit from the lending aggregators discussed above, as well as earning users trading fees by partcipating as Liquidity Providers (LPs) on Curve.Fi. Currently users can use five stablecoins (BUSD, DAI, USDC, USDT, TUSD) and “Zap” into one of two pools (y.curve.fi or busd.curve.f) on Curve. Alternatively, users can “Zap” out of these two Curve pools and into one of the five base stablecoins. Cover:Insurance that enables users to obtain coverage against financial loss for various smart contracts and/or protcols on the Ethereum blockchain. Cover is underwritten by Nexus Mutual. Governance:The Yearn ecosystem is controlled by YFI token holders who submit and vote on off-chain proposals that govern the ecosystem. Proposals that generate a majority support (>50% of the vote) are implemented by a 9 member multi-signature wallet. Changes must be signed by 6 out of the 9 wallet signers in order to be implemented. The members of the multi-signature wallet were voted in by YFI holders and are subject to change from future governance votes. “

Buying and Selling yearn.finance

It is usually not presently possible to buy alternative cryptocurrencies such as yearn.finance directly using U.S. dollars. Investors seeking to acquire yearn.finance should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy yearn.finance using one of the aforementioned exchanges.

Receive News & Updates for yearn.finance Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for yearn.finance and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.