yearn.finance - Frequently Asked Questions

Question 1

What is yearn.finance?

Sharpe Labs · Accepted Answer

Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. It started out as a passion project by Andre Cronje to automate the process of switching capital between lending platforms in search of the best yield offered, as the lending yield is a floating rate rather than fixed rate. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD. For example, if a user deposits DAI into yearn.finance, the user will receive yDAI token in return, which is a yield-bearing DAI token. Later on, it collaborated with Curve Finance to release a yield-bearing USD tokens pool that includes four y-tokens: yDAI, yUSDT, yUSDC and yTUSD, it is named as yUSD. Yearn Finance debuted the vault feature after its token launch, igniting a frenzy on automated yield farming and is considered the initiator of the category of yield farming aggregator. Basically, the vault will help users to claim yield farming rewards and sell it for the underlying assets. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to have proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited. yearn.finance operates on the Base blockchain network. For more information, visit the official yearn.finance website at https://yearn.fi/

Question 2

What is the current price of yearn.finance?

Sharpe Labs · Accepted Answer

The current yearn.finance price today is $4.00K USD. The yearn.finance (YFI) price has decreased by -1.88% over the last 24 hours. The real-time yearn.finance price is down and updated live based on trading data from decentralized exchanges. You can track YFI price movements to make informed trading decisions.

Question 3

Where can I track yearn.finance price?

Sharpe Labs · Accepted Answer

You can track yearn.finance (YFI) price in real-time on Sharpe DEX Scan at https://sharpe.ai/dexscan/base/yearn.finance. Our platform provides live yearn.finance price updates, 24-hour price change percentages, interactive TradingView charts with technical indicators, real-time trading volume data, and YFI holder analytics. The yearn.finance price is updated every few seconds, ensuring you have the most accurate market data for trading decisions. Track YFI price movements across multiple timeframes, monitor trading volume trends, analyze holder distribution patterns, and view recent yearn.finance transactions all in one place. Sharpe AI DEX Scanner is the best platform to track yearn.finance price with professional-grade analytics and real-time market data.

Question 4

How many holders does yearn.finance have?

Sharpe Labs · Accepted Answer

yearn.finance currently has 12,471 token holders on the Base blockchain network. The yearn.finance holder count represents unique wallet addresses that actively hold YFI tokens. The number of yearn.finance (YFI) holders is regularly updated and reflects the size and growth of the yearn.finance community. More holders typically indicate stronger adoption and community support for yearn.finance. Join the yearn.finance community: Twitter: https://twitter.com/yearnfi, Telegram: https://telegram.me/yearnfinance, Discord: https://discord.gg/93PHbB4

Question 5

What is the circulating supply of yearn.finance?

Sharpe Labs · Accepted Answer

The yearn.finance circulating supply is currently 33,946 YFI tokens. The total yearn.finance supply is 292 YFI tokens. As of now, 11603.1% of the total YFI supply is in active circulation, meaning most of the total supply is available for trading. yearn.finance (YFI) token supply metrics are essential for calculating market capitalization, understanding token distribution, and evaluating scarcity. The circulating supply of yearn.finance directly impacts the token's market value and price dynamics.

Question 6

How to buy yearn.finance?

Sharpe Labs · Accepted Answer

To buy yearn.finance (YFI) on Sharpe AI DEX Scanner, click the Buy button located at the top of the yearn.finance page. This will open a trading interface where you can connect your cryptocurrency wallet (such as MetaMask, Trust Wallet, or Phantom for Solana). Once connected, the interface will show you the current yearn.finance price and allow you to enter the amount of YFI you want to purchase. The Buy button connects directly to decentralized exchanges, making it easy to swap your tokens for yearn.finance. Always verify you have sufficient balance in your wallet and review the transaction details including gas fees before confirming your purchase. Track YFI price movements on Sharpe AI DEX Scanner to find the optimal entry point for buying yearn.finance.

Question 7

How to sell yearn.finance?

Sharpe Labs · Accepted Answer

To sell yearn.finance (YFI) on Sharpe AI DEX Scanner, click the Sell button located at the top of the yearn.finance page, next to the Buy button. This will open a trading interface where you need to connect your cryptocurrency wallet that contains your YFI tokens. Once your wallet is connected, the interface will display your current yearn.finance balance and allow you to enter the amount of YFI you want to sell. The Sell button connects directly to decentralized exchanges, enabling you to swap your yearn.finance for other tokens like USDT or USDC. Review the current yearn.finance price, check the transaction details including slippage tolerance and gas fees, and confirm the transaction in your wallet. Use Sharpe AI DEX Scanner's real-time price charts and trading volume data to determine the optimal time to sell YFI for maximum returns.

Question 8

Is yearn.finance a good investment?

Sharpe Labs · Accepted Answer

Whether yearn.finance (YFI) is a good investment depends on multiple factors including your risk tolerance, investment goals, market conditions, and thorough research. yearn.finance currently has 12,471 holders, which indicates the level of community adoption. Before investing in yearn.finance, consider: 1) Research the project's fundamentals, team credentials, and roadmap. 2) Analyze YFI tokenomics, including total supply, circulating supply, and token distribution. 3) Review the yearn.finance whitepaper and use case to understand the project's value proposition. 4) Monitor YFI price trends, trading volume, and market sentiment on Sharpe AI DEX Scanner. 5) Check Base blockchain explorer for contract verification and transaction history. 6) Assess yearn.finance community engagement and social media presence. Cryptocurrency investments carry significant risk due to market volatility. yearn.finance price can fluctuate dramatically in short periods. Never invest more than you can afford to lose, diversify your portfolio across multiple assets, and consider consulting with a financial advisor. Use Sharpe AI's real-time analytics to track yearn.finance performance metrics, holder distribution, and trading patterns before making investment decisions.

Question 9

How can I view yearn.finance transactions?

Sharpe Labs · Accepted Answer

You can view yearn.finance (YFI) transactions in real-time on Sharpe AI DEX Scanner. The Transactions tab displays all recent yearn.finance buy and sell orders, swap transactions, mint and burn events with detailed information including transaction hash, wallet address, transaction type (buy/sell), token amount, USD value, and timestamp. Each YFI transaction shows the exact price at which the trade occurred, allowing you to analyze yearn.finance trading patterns and market activity. You can filter yearn.finance transactions by type (Buy, Sell, Mint, Burn), set price range filters, and search for specific wallet addresses to track whale movements. Click on any YFI transaction to view complete details on the blockchain explorer. Monitor yearn.finance transactions to identify trading trends, spot large buyers and sellers, and understand market sentiment for YFI token.

	Price	USD	YFI	Maker
1h	$3.99K	$537.98014	0.1348	...ac7cfc
1h	$3.99K	$129.58826	0.0325	...8c8cdd
1h	$3.99K	$169.64737	0.0425	...8c8cdd
1h	$3.99K	$169.53149	0.0425	...8c8cdd
1h	$3.99K	$378.91054	0.0949	...8c8cdd
1h	$3.99K	$199.48779	0.0500	...8c8cdd
1h	$4.00K	$199.81976	0.0499	...8c8cdd
1h	$4.00K	$459.82335	0.1149	...8c8cdd
1h	$4.00K	$169.96833	0.0425	...8c8cdd
1h	$4.00K	$219.94509	0.0550	...8c8cdd
1h	$3.99K	$541.16845	0.1355	...ff74bf
1h	$4.00K	$251.89192	0.0630	...0f8fc6
2h	$4.00K	$179.93291	0.0450	...8c8cdd
2h	$4.03K	$179.93457	0.0447	...8c8cdd
3h	$4.00K	$139.95616	0.0350	...8c8cdd
3h	$4.00K	$189.94685	0.0475	...8c8cdd
3h	$3.99K	$220.06096	0.0552	...8c8cdd
5h	$3.99K	$169.69735	0.0425	...8c8cdd
5h	$3.99K	$179.7123	0.0450	...8c8cdd
5h	$3.99K	$289.69355	0.0725	...8c8cdd
5h	$4.00K	$159.79048	0.0400	...8c8cdd
5h	$4.00K	$179.74844	0.0450	...8c8cdd
5h	$4.00K	$179.51167	0.0449	...8c8cdd
6h	$3.99K	$199.95711	0.0501	...8c8cdd
6h	$3.99K	$269.89756	0.0677	...8c8cdd
6h	$3.99K	$179.91129	0.0451	...8c8cdd
6h	$3.98K	$75.03003	0.0188	...8f7971
6h	$3.98K	$75.02334	0.0188	...8f7971
6h	$3.98K	$600.31472	0.1508	...8f7971
6h	$3.98K	$420.1482	0.1057	...8c8cdd

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