Yearn.finance (YFI)

1. Yearn.finance information

First publication July 2020
Block generation cycle 12 seconds
Total issuance limit 36,666
Consensus Protocol Proof-of-Work
Developer Andre Cronje
Main homepage https://yearn.finance/

2. Yearn.finance Overview

  • Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.
  • Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.

3. Characteristics of Yearn.finance

  • Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.
  • The platform makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.