• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Yearn.finance: Buyers earn 125,322% profits  

Olumide Adesina by Olumide Adesina
September 13, 2020
in Cryptos
Crypto hedge fund, Polychain capital buys $8.2 million worth of yearn.finance, Yearn.Finance, a lending aggregator scarcer than Bitcoin
Share on FacebookShare on TwitterShare on Linkedin
Yearn.finance (YFI), an unknown lending aggregator a few months ago, has become a $1.195 billion DeFi powerhouse by market value, and is currently at the center of the hottest trend in the crypto industry.

At the time of this report, Yearn.finance traded at $39,878 with a 24 daily trading volume of $680,002,304. YFI price is up by 7.4% in the last 24 hours. Buyers have gained a whopping 125322.3% when the price was $31.65 on July 18th, 2020. 

It has a circulating supply of 30 000 coins, and a max supply of 30 000 coins.

READ: Investors are rushing in, as Crypto market’s capitalization hit a two-year high

RelatedStories

Bitcoin

Bitcoin surges to record $112K amid institutional demand 

July 10, 2025
Bitcoin

Bitcoin shows buyers’ exhaustion, struggles under $108K

June 27, 2025

Nairametrics has been tracking the price of the world’s most expensive crypto, ever since it breached the $25,000 price level a few weeks ago, as investors pour funds into this fast-growing lending aggregator. On Saturday, Messari, a crypto analytic firm, via its twitter feed showed $YFI making weekend moves, retesting $38K 

$YFI making weekend moves, retesting $38K pic.twitter.com/aj2r9Kci9M

— Messari (@MessariCrypto) September 12, 2020

What you must know: There are multiple protocols providing yield (returns) on the capital that you lend. These yields vary from one protocol to the next. YFI automates & optimizes lending, such that you can earn maximum value on your capital without researching each protocol. 

READ: Bitcoin whale transfers 11,230 BTC worth $116 million

With the launch of the YFI governance token, assets under management skyrocketed from $10 million in mid-July to $830 million today. It has two major uses: 

Lend your digital assets: Earn maximum interest among a pool of lending protocols such as Compound, Aave, et. al. 

Vaults: Lend your digital assets to yield farming strategists (think hedge fund managers), who deploy advanced strategies, leveraging liquidity mining tokens to maximize returns. 

Yearn.Finance’s advantage over Bitcoin: With a mere 30k token supply making it more scarce than even Bitcoin, and a provably fair launch, $YFI is the hardest money the world has ever known. 

Andre Cronje created yEarn Finance to automate the process of manually moving funds between DeFi money markets, to secure the best lending rate. iEarn Finance, as it was then called, was released to the public. What started as a yield aggregation instrument, evolved into a platform that supported automated liquidity mining strategies. 


Follow us for Breaking News and Market Intelligence.
Tags: AaveBitcoinCompoundcryptoCryptocurrency NewsDeFiMessariYearn.financeYFI
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Bitcoin
Cryptos

Bitcoin surges to record $112K amid institutional demand 

July 10, 2025
Bitcoin
Cryptos

Bitcoin shows buyers’ exhaustion, struggles under $108K

June 27, 2025
Bitcoin
Cryptos

Hawkish Fed, Israel–Iran conflict cage Bitcoin

June 19, 2025
Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says 
Companies

Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says 

May 29, 2025
What does liquidity mean in crypto? 
Opinions

What does liquidity mean in crypto? 

May 23, 2025
ETFs, Crypto Market
Cryptos

Bitcoin surges past $104K as markets react to US-China trade progress 

May 11, 2025
Next Post
Non-Performing Loans for Construction Sector Grows by 66.6% to N 86.40 Billion

Non-Performing loans in Nigerian Banks rise to N1.21 trillion in H1 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • BREAKING: GTCO targets East Asia expansion, no plans for US 
  • GTCO lists 2.28 billion Public Offer shares on NGX after London debut, discloses price 
  • Lagos Govt reopens Purple Mall after fatal car fall incident 

Follow us on social media:

Recent News

Top 5 highest paid bank CEOs of 2022 

BREAKING: GTCO targets East Asia expansion, no plans for US 

July 10, 2025
GTCO to write off Aiteo loan and switch to aggressive recovery plan

GTCO lists 2.28 billion Public Offer shares on NGX after London debut, discloses price 

July 10, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics