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Ano ang yearn.finance? (YFI)

Ang Beginner’s Guide


yearn.finance is a group of protocols running on the Ethereum blockchain that allow users to optimize their earnings on crypto assets through lending and trading services.

One of a number of emerging decentralized finance (DeFi) projects, yearn.finance provides its services using only code, removing the need for a financial intermediary like a bank or custodian. To do this, it has built a system of automated incentives around its YFI cryptocurrency

The yearn.finance platform consists of several independent products, including:

  • APY – A data table that shows interest rates across different lending protocols. 
  • Earn – Which identifies the highest interest rates users can earn lending an asset. 
  • Vaults – A collection of investment strategies designed to generate the highest returns from other DeFi projects.
  • Zap – Which bundles several trades in one click, saving on costs and labor.

Users earn YFI tokens by locking cryptocurrencies in yearn.finance contracts running on the Balancer and Curve DeFi trading platforms, using the yearn.finance platform.  

In this way, yearn.finance capitalizes on a practice commonly called “yield farming,” in which users lock up crypto assets in a DeFi protocol in order to earn more cryptocurrency. The more assets users lock in a platform, the more tokens they are awarded by the protocols.

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.

What is yearn.finance yfi


Sino ang Lumikha ng yearn.finance?

Inilunsad ang Yearn.finance ng independent developer na si Andre Cronje noong 2020.

Kapansin-pansin, na walang natanggap na pondo si Cronje para sa yearn.finance protocol at nagreserba ng walang mga token para sa kanyang sarili bago ang pagkakalunsad ng yearn.finance. Ginagawa nitong kakaiba ang yearn.finance sa karamihan ng mga proyekto ng DeFi, na karaniwang nagtataas ng pamumuhunan mula sa mga pondo ng pakikipagsapalaran pagkatapos ay nagbubuo ng isang team para bumuo ng protocol. 

Noong Hulyo 2020, inilunsad ng yearn.finance platform ang katutubong cryptocurrency nito, ang YFI. 

Paano gumagana ang yearn.finance?


yearn.finance is a protocol designed to deploy contracts to the Ethereum blockchain as well as other decentralized exchanges running on it, such as Balancer and Curve

In this way, users are trusting that YFI’s contracts, as well as those in associated contracts on Balancer and Curve, will deploy on Ethereum in order to provide the advertised services.

Lending and Trading

The majority of yearn.finance’s services – Earn, Zap and APY – seek to enable users to lend or trade their cryptocurrency. 

Earn is a way for users to get the best interest rate on lending, and it works by searching across different lending protocols, such as Aave or Compound, to find the best rates. 

Users can then deposit their DAI, USDC, USDT, TUSD or sUSD on the yearn.finance platform to receive those interest rates. 

Likewise, Zap allows users to complete several investments with one click. For instance, a user can trade DAI for yCRV (another DeFi cryptocurrency) in one action, compared to three actions across the yearn.finance and Curve platforms. 

This saves the user time, opportunity cost and transaction fees. 

APY (which stands for annual percentage yield) searches across the lending protocols that Earn uses, and gives the user an estimate for how much interest they can expect to earn, on an annualized basis, for a certain amount of capital. 

yearn.finance Vaults

Vaults, yearn.finance’s most complex service, allow users to follow active investment strategies using the platform’s self-executing code. In this way, Vaults are like actively managed mutual funds. 

As of Aug 30, 10 strategies are available on Vaults. 

Still in its experimental stages, these strategies are expressed in Solidity, meaning a user will need some familiarity with code to understand how the Vaults operate. 

However, investing in a Vault is straightforward. yearn.finance’s user interface allows a user to deposit popular coins such as DAI and USDC in each strategy, with each strategy displaying its historical return on investment.


Bakit May Halaga Ang YFI?

Ang YFI ay ang cryptocurrency na namamahala sa yearn.finance platform. 

Nangangahulugan ito na sinumang nagmamay-ari ng mga token ng YFI ay maaaring bumoto sa mga panuntunang dapat sundin ng mga user kapag gumagamit ng yearn.finance sa pamamagitan ng pagboto sa mga panukala. Upang maisabatas sa yearn.finance’s code, ang isang panukala ay nangangailangan ng higit sa 50% ng mga boto. Maaaring gumawa ng panukala ang sinuman, ngunit ang mga may hawak ng YFI lamang ang maaaring bumoto dito. 

Dapat tandaan para sa mga mamumuhunan na ang YFI ay may paunang nakapirming supply na 30,000 token, ngunit maaaring tumaas ang supply na ito kung pipiliin ng mga may hawak ng YFI na gawin ito. 

Gayunpaman, may halaga ang YFI dahil ginagamit ito para hikayatin ang mga user na i-lock ang mga cryptocurrencies sa yearn.finance at ang mga kontrata nito na tumatakbo sa Balancer at Curve. 

Halimbawa, ang sinumang nagmamay-ari ng YFI ay makakatanggap ng kita na nakolekta ng protocol sa anyo ng mga bayarin. maniningil ang yearn.finance ng 5% para sa serbisyo nito sa Vaults at at 0.5% sa Vaults and Earn. Ang yearn.finance system ay nagpapanatili ng $500,000 ng mga bayarin at ipinamamahagi ang natitira sa mga may hawak ng YFI. 

Ayon sa research service Messari, mahigit $460,000 sa mga bayarin ang naipon sa loob ng isang linggo pagkatapos ng paglulunsad ng token ng YFI. Nangangahulugan ito na ang yearn.finance ay maaaring makabuo ng hanggang $21 milyon sa taunang bayad.


Bakit Kailangan Kong Gumamit ng YFI?

Maaaring maging interesado ka sa yearn.finance protocol kung gusto mong kumita ng interes sa iyong cryptocurrency nang hindi ipinagkakatiwala ang mga pondong iyon sa isang custodian o tagapamagitan. 

Ang mga token ng YFI ay maaari ding maging isang kawili-wiling pamumuhunan kung naniniwala ka na ang yearn.finance ay magpapatuloy na maakit ang mga user na naghahangad ng mga interest rate at kita mula sa kanilang mga holding. 

Tandaan: ang yearn.finance at iba pang DeFi na mga cryptocurrency ay lubos na eksperimental at maaaring sumailalim sa mga panganib na hindi pa nakikita kahit ng mga dalubhasang mga eksperto sa industriya. 

Simulan ang pagbili ng YFI


Ngayon ay handa ka nang gawin ang susunod na hakbang at bumili ng YFI!