YFI
No. 223Price
Markets
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1. Project introduction
Yearn is a yield aggregator for multiple DeFi lending platforms that rebalances positions for the highest yield during contract interaction.
Vaults are Yearn's core products. Vaults are capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. The Yearn ecosystem is controlled by YFI token holders who submit and vote on off-chain proposals that govern the ecosystem. yearn has already supported multiple stablecoins including DAI, USDC, USDT, TUSD, sUSD, BUSD. yearn has issued its governance token YFI. yearn smart contracts are covered by Nexus Mutual's insurance.
2. Team introduction
Founder: Andre Cronje
linkedin: https://www.linkedin.com/in/andre-cronje/
3. Investment institution
Bitscale Capital, Blockchain Capital, BTX Capital Cyberight, DeFiance Capital
4. Application and distribution
Total supply: 36,666
Token application:
YFI is used for all governance activities on the platform, like voting on a protocol upgrade/change proposal.
Token distribution:
All the tokens were distributed to the users of the protocol.
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