Yearn.finance (YFI)

About

Yearn.finance, abbreviated as YFI, is a decentralized finance (DeFi) platform operating on the Ethereum blockchain. It acts as a yield aggregator, automating the process of finding and executing the most profitable yield farming strategies across various DeFi protocols like Compound, Aave, and Curve. The platform offers several key services: Earn, which identifies the highest interest rates for lending; Vaults, which execute complex investment strategies; and Zap, which streamlines multiple trades into a single action, reducing costs and time. YFI is the governance token of Yearn.finance, allowing holders to vote on platform decisions. The token has a limited supply, contributing to its value. Yearn.finance's primary goal is to simplify DeFi activities, making yield farming accessible to a broader audience. By integrating with multiple protocols, it optimizes returns for users without requiring extensive technical knowledge. The platform generates revenue through fees and gas subsidization, distributing part of these earnings to YFI holders.