yearn.finance

www.yearn.finance
DeFi Saver’s Recipe Creator a DeFi UX GamechangerRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$4.56B+2.5%
in ETH1.8M ETH-3.7%
in BTC116.6K BTC-6.9%
ETH Locked147.81K ETH+2.4K ETH
% Supply Locked0.13%
Blockchain
Ethereum
Most Locked$USDC
Protocol Token$YFI

Total Value Locked (USD) in yearn.finance

  • TVL (USD)
  • ETH
  • BTC
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is yearn.finance?

yearn.finance is a decentralized ecosystem of aggregators that utilize lending services such as Aave, Compound, Dydx, and Fulcrum to optimize your token lending. When you deposit your tokens to yearn.finance, they are converted to yTokens, which are periodically rebalanced to choose the most profitable lending service(s). Curve.fi is a prominent integrator of yTokens - creating an AMM (Automated Market Maker) between yDAI, yUSDC, yUSDT, yTUSD that not only earns the lending fees but also the trading fees on Curve.fi. YFI, yearn.finance's governance token, is distributed only to users who provide liquidity with certain yTokens. With no pre-mine, pre-sale, or allocation to the team, YFI strives to be the most decentralized token. Although most of the ecosystem was built by Andre Cronje, control of YFI was transferred to a multi-signature wallet, which requires 6 out of 9 participants to agree on changes. As a truly decentralized protocol, any changes to the yearn.finance ecosystem are always done via on-chain proposals and voting.


How to use yearn.finance?

Navigate to yearn.finance and deposit DAI, USDC, USDT, TUSD, and/or, sUSD and start earning interest.

Index Investing in a Decentralized World

Following its stated goal to establish standards that the community can stand behind, DeFi Pulse (through Pulse Inc) has developed different methodologies to tackle the market’s increased interest in tokenized indices, which are spreading wildly across DeFi and becoming more and more popular every day. Today, the second product of the FLI series, the Bitcoin …

2021-05-11Read more >

Founder Fireside Chat with Nour Haridy of Inverse Finance

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. This week in this installment in our Founder Fireside Chat series, we talked with Nour Haridy, Founder of Inverse Finance, about not …

2021-05-07Read more >

Founder Fireside Chat with Mervyn Chng of Unagii

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. This week in our Founder Fireside Chat series, we had the opportunity to chat with Mervyn Chng, Co-founder of Unagii, who’s team …

2021-04-02Read more >

Flexible Leverage Index is Live

The Flexible Leverage Index (FLI) lets you leverage a collateralized debt position in a safe and efficient way, by abstracting its management into a simple index, reproducible by a fully-collateralized ERC20 token built on Set Protocol. The Flexible Leverage Index (FLI, pronounced “fly”) lets you leverage a collateralized debt without having to manage a collateralized …

2021-03-17Read more >