#YFI TOKENOMICS UPDATE#
#YFI TOKENOMICS CODE#
#YFI TOKENOMICS PROFESSIONAL#

Yearn began as a problem Andre wanted to solve for himself. What it does is it automatically moves your deposited funds of stablecoins like DAI, USDT and USDC between different lending protocols to optimize their yields. Yearn Finance ExplainedĪt its heart, Yearn is an experimental, decentralized yield aggregator or yield bouncer platform.

#YFI TOKENOMICS CODE#

Already known for his influential code reviews on the Medium platform, Andre is somewhat of a cult personality and his projects are always pushing the boundaries of DeFi. Andre has many other DeFi projects to his name including: Eminence, Keeper Network, DeriSwap, Fantom and Fusion. It’s formerly known as iEarn, and was single-handedly created by crypto’s legendary DeFi architect, also known as the “Father of DeFi”, Andre Cronje. At one point it was the hottest project in town, and Yearn’s token $YFI made headlines for beating Bitcoin with an all-time high of around $43,000 on when Bitcoin was around $10,500.

YeeFI, WiFi or Wifey? When you think of DeFi, one project that surely captures the entire movement, in essence, is Yearn. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.What is Yearn Finance? YFI Token and Yearn Finance Explained 2021

#YFI TOKENOMICS PROFESSIONAL#

We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice.

#YFI TOKENOMICS UPDATE#

We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. The information on this website is subject to change without notice. We do not give personalized investment advice or other financial advice. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. With EIP-1559’s massive ETH burn creating some excitement around a supply shock and other protocols like Polygon following suit, it is possible that Yearn holders are banking on increasing token scarcity (resulting from lockups) if the components of this major governance proposal are passed and implemented. Fourth and finally, the proposal introduces a restriction on Yearn Governance: only YFI staked in xYFI (beginning in Phase 1) and/or locked (as per Phase 2 and onwards) would be eligible for use in voting.Third, the proposal would grant Yearn Developers the ability to roll out these new features as they see fit.Second, four different methods by which YFI holders could be rewarded for locking up their tokens are introduced.First, a portion of YFI tokens would be bought back by Yearn’s Treasury and distributed as rewards to YFI holders who are actively involved in Yearn Governance.The proposal focuses on four key steps, to be completed sequentially, to amend the tokenomics of the YFI token: For now, the proposal remains in the mandatory discussion phase and is not yet eligible for formal passage. The price action likely stems from a proposal circulating within the Yearn community concerning key changes to YFI’s tokenomics.

Yfi tokenomics