Why buy YFI?
1) When you buy YFI on ZebPay, you have the power to make decisions about how people can use yEarn. Governance tokens like YFI are a crucial component in making DeFi truly decentralized, since decision-making power is now spread across many hands.
2) YFI first launched in July 2020, and the token has since rallied from $3 to $21,000 at the time of writing.
About YFI Network
1) Launched by Andre Cronje, yEarn describes itself as a platform that “automates yield-maximizing profit switching opportunities for liquidity providers and yield farmers.” That’s quite a mouthful.
2) What this means is that when you deposit your crypto into yEarn’s Vaults, the protocol will look for the best places to invest it for you. These vaults work just like a mutual fund – pooling assets together and investing that money for the safest yet best-performing return.
3) There’s one difference. Mutual funds are managed by a human being, who eats and sleeps. yEarn’s vaults shift their holding constantly as conditions change, always looking for that best return. And there’s now more than $650 million worth of crypto assets looking for those returns.