Yearn.finance yfi

yearn.finance allows users to optimize their earnings on crypto assets through lending and trading services in the Ethereum ecosystem

Yearn.finance was launched by independent developer Andre Cronje in 2020. Notably, Cronje received no funding for the yearn.finance protocol and reserved no tokens for himself prior to yearn.finance’s launch. This makes yearn.finance different from most DeFi projects, which typically raise investment from venture funds

The main reasons to invest in yearn.finance include: - yearn.finance provides its services using only code, removing the need for a financial intermediary like a bank or custodian. - Users can earn YFI tokens by locking cryptocurrencies in the platform - In its first month of operation, the yearn.finance platform attracted nearly $800 million in assets, making it one of the fastest-growing DeFi projects to date