What Is Yearn.Finance (YFI)?
Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.
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.
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.
Who Are the Founders of Yearn.Finance?
Yearn.finance is the brainchild of Andre Cronje. After leaving the iEarn project in February 2020, Cronje returned to oversee a rebirth, with new tools emerging and YFI going live in July.
Since then, its fortunes have turned around, with assets under total value locked coming in at just over $1 billion as of the end of September 2020.
Cronje has a long career in cryptocurrency and has become synonymous with DeFi in particular. He also has positions at smart contract ecosystem Fantom and CryptoBriefing, a resource dedicated to initial coin offerings (ICOs) and crypto media.
yearn.finance Price Prediction
If you’re looking for yearn.finance price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of yearn.finance (YFI) will go in the future? We will analyze the past prices of yearn.finance (YFI) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 33,208.91|
|24h Volume||$ 302,263,784|
yearn.finance (YFI) Price Prediction
At reconshell.com we predict future yearn.finance price predictions/YFI forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of yearn.finance. We do our best to collect maximum historical data for the YFI coin which include multiple parameters like past price, yearn.finance marketcap, yearn.finance volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
yearn.finance Price Prediction 2022
According to our deep technical analysis on past price data of YFI, In 2022 the price of yearn.finance is predicted to reach at a minimum level of $47,210.48. The YFI price can reach a maximum level of $56,121.86 with the average trading price of $48,826.64.
yearn.finance Price Prediction 2023
The price of yearn.finance is predicted to reach at a minimum level of $66,953.81 in 2023. The yearn.finance price can reach a maximum level of $80,747.89 with the average price of $68,906.87 throughout 2023.
YFI Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of yearn.finance is predicted to reach at a minimum level of $100,322.15. The YFI price can reach a maximum level of $115,470.40 with the average trading price of $103,078.43.
The price of 1 yearn.finance is expected to reach at a minimum level of $143,168.46 in 2025. The YFI price can reach a maximum level of $171,754.52 with the average price of $148,322.38 throughout 2025.
yearn.finance Price Prediction 2026
yearn.finance price is forecast to reach a lowest possible level of $207,472.13 in 2026. As per our findings, the YFI price could reach a maximum possible level of $244,613.79 with the average forecast price of $213,405.03.
yearn.finance Price Prediction 2027
According to our deep technical analysis on past price data of YFI, In 2027 the price of yearn.finance is forecasted to be at around a minimum value of $299,385.41. The yearn.finance price value can reach a maximum of $358,061.80 with the average trading value of $310,055.66 in USD.
yearn.finance (YFI) Price Prediction 2028
The price of yearn.finance is predicted to reach at a minimum value of $443,852.58 in 2028. The yearn.finance price could reach a maximum value of $530,921.67 with the average trading price of $459,355.36 throughout 2028.
yearn.finance Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of yearn.finance is expected to reach at a minimum price value of $623,660.35. The YFI price can reach a maximum price value of $778,383.27 with the average value of $642,034.57.
yearn.finance (YFI) Price Prediction 2030
The price of yearn.finance is predicted to reach at a minimum value of $898,246.88 in 2030. The yearn.finance price could reach a maximum value of $1,083,820.92 with the average trading price of $923,928.26 throughout 2030.
yearn.finance Price Prediction 2031
yearn.finance price is forecast to reach a lowest possible level of $1,296,429.88 in 2031. As per our findings, the YFI price could reach a maximum possible level of $1,567,225.26 with the average forecast price of $1,342,626.29.
What Makes Yearn.Finance Unique?
Yearn.finance set out to simplify DeFi investment and activities such as yield farming for the broader investor sector.
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.
New features continue to be rolled out, these aiming, among other things, to help preserve the long-term value of the platform.
Yearn.finance makes a profit by charging withdrawal fees, currently 0.5% at the end of September 2020, as well as 5% gas subsidization fees. Due to its governance model, these can technically be changed by consensus at any time.
The target market for yearn.finance is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch, or who wish to optimize their returns.
How Many Yearn.Finance (YFI) Coins Are There in Circulation?
Yearn.finance in-house token YFI has a fixed supply of 30,000 coins. There was no premine upon launch in July 2020, and developers did not receive any starting funds: the total supply at launch was 0 YFI.
Since then, the majority of the capped supply has entered circulation, and the success of the token is reflected in its all-time high price of $41,000, which it hit in mid-September 2020. YFI was also the first cryptocurrency to become worth more than Bitcoin (BTC) per unit.
Users of yearn.finance earn YFI through providing liquidity, while token holdings dictate governance privileges.
How Is the Yearn.Finance Network Secured?
Yearn.finance users can face a high risk of losing money thanks to market conditions changing rapidly and opportunistic entities attempting to profit from less-experienced participants.
Cronje himself has sought to maintain transparency about the platform’s provenance, noting that even after code audits, yearn.finance could not be guaranteed to be 100% safe — DeFi involves inherent risk.
Where Can You Buy Yearn.Finance (YFI)?
YFI is a freely-tradable token, with pairs for cryptocurrencies, stablecoins and fiat currencies all widely available.
Major exchanges trading YFI include Binance, OKEx and Huobi Global, as well as automated market maker (AMM) Uniswap.