Buy Yearn.Finance(YFI)

Reason To Buy Yearn.Finance(YFI)

• It runs on the Ethereum blockchain and utilizes all of its features.
• YFI is the native governance token of the Yearn.Finance ecosystem.
• It has a very limited supply and also allows for governance rights on the blockchain.
• It has a maximum supply of 36,666 coins.

Yearn.Finance was launched on 17th July 2020 led by Andre Cronje and since then has disrupted the way investments had been made in DeFi. 

It is a group of protocols that helps users to earn on crypto assets. Yearn.Finance is specifically focused on DeFi investors who don’t have time. Users deposit their cryptocurrencies on the platform and then are converted into yTokens, they are then routed across the DeFi space to pool liquidity.

Things to consider before Buying Yearn.Finance(YFI)

• Yearn.Finance has vaults that are a collection of investment strategies to earn the highest returns.
• It allows for various stablecoins to be deposited in its protocol, such as USDC, USDT, DAI, etc.
• With time, Yearn.Finance has generated huge returns with record 100X returns since its inception.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.