This is done through what is known as staking or locking up tokens, as mentioned earlier. You can think of Yearn.Finance Company/Ledger as an all in one blockchain solution to maximize investors’ gains over time. What is Yearn.Finance Company/Ledger and what is YFI Coin?
The platform allows an investor to enter various vaults or pools with ERC20 stablecoins such as DAI, TUSD, USDC, USDT, or SUSD. One key thing to note is that Yearn works as a yield aggregating platform by effortlessly maximizing investments for the highest yearly yield or annual percentage yield (APY) possible. Let’s take a deep dive further into what YFI or yEarn as it is sometimes referred to. yEarn was launched on the Ethereum blockchain and had been making waves in the industry ever since its launch. The algorithm then automatically chooses the best rewards upon investing, so investors would effortlessly earn interest in their investments. They bundle decentralized finance (DeFi) products into one package for investors or users. So what is YFI? Well, Yearn.Finance can be thought of as a portal that gives users the ability to access and invest in many different assets and products, all from one platform.
In this article, we will be taking a look at Yearn.Finance or YFI for short. Yearn.Finance is on a different level, though, and is seen as the magic door to the DeFi space that the mother of smart contracts- Ethereum gave to us. We must admit that hundreds of new cryptocurrencies are deployed in the space almost every day, and while some earn the spotlight they don’t do so for long.
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