YFI Price Live Data
Yearn.finance (YFI) currently trades at $8,524.00**, with a 24-hour trading volume of **$601,685.25. Over the past day, the price has declined by 0.88%. With a market cap of $279,543,347, YFI ranks #98 among cryptocurrencies. The circulating supply stands at 35,692 YFI, while the maximum supply is capped at 36,666 YFI.
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What Is Yearn.finance (YFI)?
Launched in 2020 by developer Andre Cronje, Yearn.finance is a DeFi platform built on Ethereum that automates yield farming strategies. Key features:
- yTokens: Users deposit stablecoins (e.g., USDT, DAI) to receive interest-bearing yTokens (e.g., yUSDT, yDAI).
- Governance: YFI holders vote on protocol upgrades.
- Fair Launch: No pre-mine or venture capital allocations—100% of tokens were distributed via liquidity mining.
Historical Price Trends
2020–2021 Bull Run
- July 2020: Debuted at $900**, surged to **$40,000 by September.
- May 2021: Peaked at $93,435.53 amid DeFi hype.
- December 2021: Settled at $32,947.72.
2022 Downturn
- June 2022: Crashed to $4,069.14 during crypto winter.
- Current: Stabilized near $8,500.
YFI Price Predictions
| Year | Low Estimate | Average Estimate | High Estimate |
|------|--------------|------------------|--------------|
| 2023 | $11,436.78 | $13,342.91 | $14,295.98 |
| 2025 | $28,591.96 | $30,498.09 | $33,357.29 |
| 2030 | $76,249.39 | $78,155.62 | $81,014.98 |
Should You Invest in YFI?
✅ Pros
- Community-Driven: Active governance by token holders.
- Innovative DeFi Use Cases: Automated yield optimization.
- Scarcity: Fixed max supply of 36,666 YFI.
❌ Cons
- Smart Contract Risks: Interconnected with protocols like Curve and Aave—failures could cascade.
- Volatility: Highly sensitive to crypto market swings.
FAQs
Q: Is YFI a safe long-term investment?
A: While promising, YFI carries risks typical of DeFi tokens—only invest what you can afford to lose.
Q: How does Yearn.finance generate yield?
A: By algorithmically shifting funds between lending protocols (e.g., Compound, Aave) for optimal interest rates.
Q: Where can I buy YFI?
A: Purchase YFI on major exchanges like 👉 OKX.
Final Verdict
YFI suits risk-tolerant investors bullish on DeFi’s future. Diversify holdings and monitor protocol updates closely.
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Disclaimer: Predictions are speculative and not financial advice.