![]() In July 2020, he also created the hard fork of Yearn FinanceFinance II (YFII), DFI.Money that can be read here. Who created Yearn Finance (YFI)?Ī former lawyer and South African coder, Andre Cronje created Yearn Finance in early 2020 before he went on to launch YFI token in June 2020. Users need to carefully choose vaults to balance between risks and interest rates. Vaults with huge interest leverage complex strategies executed across multiple separate platforms. However, this product also provides the highest interest percentage. Vault is Yearn Finance’s newest product and the riskiest. This feature will be useful for people who trade or use DeFi applications and like to switch platforms. This simplifies the process, saves time, and also cuts transaction costs. Through Zap, users can do this in just one step. For example, if users want to convert their USDT into 圜RV, users need to use multiple platforms. This feature can simplify the process in one click within Yearn Finance. Zap is a feature that makes it simple to convert what would otherwise be complex cryptocurrencies pairing. ![]() Earn is the most basic feature with low risk and a fairly stable percentage of around 1-6% depending on your stablecoins. You will get profits from your stablecoins in the form of Ytoken which you can then withdraw and exchange. Through Earn, the protocol will find a DeFi application that can provide the highest percentage of interest for your deposit. ![]() What is Yearn Finance (YFI)? Key Features of Yearn Finance (YFI)Įarn is the first and simplest feature of the Yearn protocol. ![]()
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