Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain
What is yearn.finance (YFI)
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
YFI Price Chart
How to swap yearn.finance tokens
Connect your Metamask or Mobile wallet in a couple of clicks using WalletConnect.
Input A Token Pair and Amount
Select tokens from the dropdown menus and specify the amount you want to swap.
Click on swap and confirm the transaction in Metamask or Mobile wallet.
Get Your Tokens
You’ll get your tokens in a few minutes! The exact time is a subject of transaction volume and processing speed.