yearn.finance

YFI

About yearn.finance

yearn.finance is a DeFi yield aggregator, governed by YFI token holders. The market cap is $117,494,589 and the 24h volume is $9,283,821.

Price
$ 3,907.88
24h Change
8.54%
Reward
3%
Score
51.96%
Total Staked
51.18%
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Monthly Earning$NaN
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Yearly Earning$NaN
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Staking yearn.finance

yearn.finance blockchain consensus is achieved via the Ethereum Blockchain. Investors can leverage their crypto via staking. Currently there are 2 options to earn passive income and staking rewards with your yearn.finance investment as outlined below.

Stake YFI

Annual Reward: 3.00%
Adj. Reward: +3.00%

stake_yfi

Annual Reward: 4.24%
Adj. Reward: +4.24%

FAQ's

  • How to stake YFI?

    Holding YFI gives the right to claim your shares in the yearn.finance rewards contract.

    To stake your YFI tokens, simply visit https://ygov.finance/ and initiate the staking transaction to the governance smart contract.

  • How much can i earn staking YFI?

    The yearn.finance ecosystem earns rewards. These include, but are not limited to;

    • yearn.finance interest
    • COMP from compound
    • CRV from curve.fi
    • curve.fi/y trading fees
    • ytrade.finance leverage fees and liquidation bonuses
    • yswap.exchange underlying system fees
    • yliquidate.finance liquidation bonuses
    • system dust (unassigned interest or fees)

    These fees will be collected on a daily/weekly basis and can be requested by the governance contract. Once claimed they are distributed to the vault contract. The vault contract normalizes the rewards to aDAI (Aave’s wrapped interest-bearing DAI) via 1split.eth (1inch.exchange’s on-chain dex) and sends the funds to the rewards contract.

    The rewards contract can be found at;

    0xcc9EFea3ac5Df6AD6A656235Ef955fBfEF65B862

    At any given point in time, YFI holders can claim their share of rewards by burning their YFI tokens. The amount redeemed is equivalent to the share being burned / total supply of the token. So if there is 1 aDAI in the contract, and 1 token, burning the 1 token will reward 1 aDAI.

    It is the choice of the YFI holder when they wish to redeem. As the system AUM and usage grows, so does the fees, and respectively the rewards pool.

Last updated: 2020-08-03 12:49:06