YFI- Introduction Details
The goal of yearn.finance is simple-it is an aggregation platform for the profit output data of different products for the loan platform. It rebalances the data to obtain the highest profit output in the contract transaction interaction.
What is Yearn.Finance (YFI)?
Yearn.finance is a summary service for decentralized finance (DeFi) investors that uses automation to maximize their profits from income agriculture.
Its goal is to simplify the ever-expanding DeFi space for investors who are not familiar with the technology or who want to interact in a way that is less invested than serious traders.
The service was launched in February 2020, formerly known as iEarn, and has achieved tremendous growth in recent months with the debut of new products and the development of the internal token YFI released by developers.
Who is the founder of Year.Finance?
Yearn.finance is the idea of Andre Cronje. After leaving the iEarn project in February 2020, Cronje returned to supervise the rebirth, a new tool appeared, and YFI went live in July.
Since then, its fortunes have begun to reverse, and as of September 2020, the locked-in value of total assets is slightly more than $1 billion.
Cronje has a long career in the cryptocurrency field, and has especially become synonymous with DeFi. He also held positions in the smart contract ecosystems Fantom and CryptoBriefing, which are resources dedicated to initial coin offering (ICO) and encrypted media.
What makes Year.Finance unique?
Yearn.finance is committed to simplifying DeFi investments and activities such as income agriculture for the wider investor sector.
The platform utilizes various custom tools to act as an aggregator of DeFi protocols (such as Curve, Compound, and Aave), thereby enabling those who use cryptocurrency to obtain the highest benefits.
New features will continue to be introduced, which, among other things, are designed to help maintain the long-term value of the platform.
Yearn.finance makes a profit by charging withdrawal fees. The current withdrawal fee is 0.5% at the end of September 2020 and a 5% natural gas subsidy fee. Because of its governance model, it can be changed technically at any time through consensus.
The target market for yearn.finance is investors who have no time to study the increasingly complex DeFi phenomenon from scratch or who want to optimize returns.
Full name: yearn.finance
Abbreviated full name: YFI
YFI/USDT transaction: https://www.gx.com/trade/YFI USDT
Official website: https://yearn.finance/
Block explorer: https://cn.etherscan.com/token/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
Smart contract: 0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e