YFI yearn.finance Rank #311 $2,077.00 ▼ 2.36%

Yearn Finance is a suite of decentralized finance (DeFi) products built primarily on the Ethereum blockchain, with the YFI token serving as its native governance asset. The protocol began as a project by Andre Cronje focused on automating the movement of capital between lending platforms such as Aave, Compound, and dYdX in order to capture the most competitive floating-rate lending yields available. Users who deposit supported stablecoins such as DAI, USDC, USDT, and TUSD receive yield-bearing yTokens, which can also be pooled through a collaboration with Curve Finance to form yUSD. Beyond lending aggregation, Yearn expanded its offering with the launch of Vaults, which automate more complex yield farming strategies. Vaults actively claim farming rewards, convert them back into the underlying assets, and rebalance positions as conditions change across protocols, while distributing gas costs across all participants. The YFI token grants holders governance rights over the protocol, and the broader Yearn ecosystem extends across multiple networks including Avalanche, Polygon, Fantom, Arbitrum, Optimism, and Base.