#YFI YEARN FINANCE PRO#
YFI was listed on Coinbase Pro on the 11th of September of 2020, and four days later it was ready to be used for trading. Its native token is called YFI and acts as a governance token concerning voting and decision-making on the protocol. Initially, Yearn.Finance was created by Cronje with the goal of allowing investors to find the best yield for their investments in a practical and automatic way. To better understand the Yearn Finance of today, let’s take a look at its history. Zap: A tool that allows you to swap in and out of certain liquidity pools Įarn: A lending aggregator that continuously searches for the best interest rates. Yinsure: A KYC-less insurance policy for smart contracts
Vaults: A passive-investing tool that automatically generates yields through capital pools Yearn Finance comprises four core products that function together seamlessly to enable a smooth running of the protocol and enable users to gain on their investment: After that, he dove deep into this technology and performed roles as advisor, engineer, analyst, and consultant for a series of companies such as CryptoCurve or Kosmos Kapital and projects such as FUSION foundation or Fantom Foundation.
Prior to dedicating his time to developing Yearn Finance, Cronje was a Head of Technology for several companies where he started grasping blockchain and cryptocurrencies. It was developed by Andre Cronje, a well-known cryptocurrency expert with extensive knowledge in mobile development and distributed systems. It’s maintained by a series of independent developers while being governed by YFI holders.
0 kommentar(er)
