{"id":11663,"date":"2020-12-29T11:29:34","date_gmt":"2020-12-29T05:59:34","guid":{"rendered":"https:\/\/zebpay.com\/?p=11663"},"modified":"2020-12-29T11:29:34","modified_gmt":"2020-12-29T05:59:34","slug":"yfi-make-your-crypto-work-for-you","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/yfi-make-your-crypto-work-for-you","title":{"rendered":"YFI: Make your crypto work for you!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/yfi-make-your-crypto-work-for-you\/#YFI_is_the_cryptocurrency_that_governs_the_yearnfinance_platform\" title=\"YFI is the cryptocurrency that governs the yearn.finance platform.\">YFI is the cryptocurrency that governs the yearn.finance platform.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/yfi-make-your-crypto-work-for-you\/#Lets_learn_about_yEarn\" title=\"Let&#8217;s learn about yEarn\">Let&#8217;s learn about yEarn<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><strong><strong>YFI is coming to ZebPay<\/strong><\/strong>! <strong>Trading goes live today, and soon you can take part in governing 2020\u2019s most exciting yield-farming protocol.<\/strong> <\/p>\n\n\n\n<p>Imagine investing in a mutual fund whose manager worked for you non-stop, around the clock. That\u2019s basically what investing in Yearn.finance (or yEarn) is like. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-yfi-is-the-cryptocurrency-that-governs-the-yearn-finance-platform\"><span class=\"ez-toc-section\" id=\"YFI_is_the_cryptocurrency_that_governs_the_yearnfinance_platform\"><\/span>YFI is the cryptocurrency that governs the yearn.finance platform.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><a href=\"https:\/\/zebpay.com\/in\/buy-yearnfinance\/\" target=\"_blank\" rel=\"noreferrer noopener\">YFI<\/a> is a governance token, like a company share with voting rights. <\/p>\n\n\n\n<p>When you buy YFI on ZebPay, you have the power to make decisions about how people can use yEarn. Governance tokens like YFI are crucial component in making DeFi truly decentralized, since decision-making power is now spread across many hands. YFI first launched in July 2020, and the token has since rallied from from $3 to $21,000 at the time of writing.<\/p>\n\n\n\n<p>Interestingly, yEarn&#8217;s creator chose to not keep any YFI tokens for himself.&nbsp;<\/p>\n\n\n\n<p>Instead, anyone who provided liquidity to the yEarn platform was rewarded with <a href=\"https:\/\/zebpay.com\/in\/buy-yearnfinance\/\" target=\"_blank\" rel=\"noreferrer noopener\">YFI tokens<\/a>. Shortly after, the community decided to limit the supply of tokens to keep them scarce. Today, there are only 30,000 YFI in circulation, all of which have been distributed.\u00a0<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-let-s-learn-about-yearn\"><span class=\"ez-toc-section\" id=\"Lets_learn_about_yEarn\"><\/span>Let&#8217;s learn about yEarn<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Launched by Andre Cronje, yEarn describes itself as a platform that <em><a href=\"https:\/\/yearn.finance\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u201cautomates yield-maximizing profit switching opportunities for liquidity providers and yield farmers.\u201d<\/a><\/em> That\u2019s quite a mouthful.<\/p>\n\n\n\n<p>What this means is that when you deposit your crypto into yEarn\u2019s Vaults, the protocol will look for the best places to invest it for you. These vaults work just like a mutual fund &#8211; pooling assets together and investing that money for the safest yet best-performing return.<\/p>\n\n\n\n<p>There\u2019s one difference. Mutual funds are managed by a human being, who eats and sleeps. yEarn\u2019s vaults shift their holding constantly as conditions change, always looking for that best return. And there\u2019s now more than $650 million worth of crypto assets looking for those returns.<\/p>\n\n\n\n<p>yEarn\u2019s Vaults are its most prominent offering, but there are others as well:<\/p>\n\n\n\n<ul><li>Earn &#8211; a slimmed-down version of Vaults that only supports stablecoins and tokenized bitcoin.<\/li><li>Zap &#8211; an access point for Zapper.fi, which simplifies taking complex positions<\/li><li>APR &#8211; helps users calculate their potential returns from different investments<\/li><\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator is-style-dots\"\/>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>YFI is coming to ZebPay! Trading goes live today, and soon you can take part in governing 2020\u2019s most exciting yield-farming protocol. <\/p>\n","protected":false},"author":1,"featured_media":11664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14,70],"tags":[84,110,111,65],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/11663"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=11663"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/11663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/11664"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=11663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=11663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=11663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}