yearn.finance 24-Hour Trading Volume Reaches $186.37 Million (YFI)

yearn.finance (CURRENCY:YFI) traded 2.1% lower against the U.S. dollar during the 1 day period ending at 21:00 PM E.T. on September 21st. One yearn.finance coin can currently be purchased for about $28,415.43 or 0.67183680 BTC on cryptocurrency exchanges. yearn.finance has a total market capitalization of $1.04 billion and $186.37 million worth of yearn.finance was traded on exchanges in the last day. Over the last week, yearn.finance has traded 19.5% lower against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last day:

  • Tether (USDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00002365 BTC.
  • XRP (XRP) traded 2.5% lower against the dollar and now trades at $0.91 or 0.00002149 BTC.
  • Polkadot (DOT) traded down 4.1% against the dollar and now trades at $27.55 or 0.00065132 BTC.
  • Filecoin (FIL) traded down 4.8% against the dollar and now trades at $70.79 or 0.00167382 BTC.
  • Internet Computer (ICP) traded down 3.4% against the dollar and now trades at $46.01 or 0.00108782 BTC.
  • eCash (XEC) traded up 1.6% against the dollar and now trades at $0.0002 or 0.00000001 BTC.
  • stETH (Lido) (STETH) traded down 4.7% against the dollar and now trades at $2,826.61 or 0.06683059 BTC.
  • Bitcoin BEP2 (BTCB) traded down 1.6% against the dollar and now trades at $42,001.71 or 0.99306238 BTC.
  • SHIBA INU (SHIB) traded up 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Kusama (KSM) traded down 4.8% against the dollar and now trades at $316.46 or 0.00748218 BTC.

About yearn.finance

yearn.finance launched on July 17th, 2020. yearn.finance’s total supply is 36,666 coins and its circulating supply is 36,635 coins. yearn.finance’s official Twitter account is @iearnfinance. yearn.finance’s official website is yearn.finance. yearn.finance’s official message board is medium.com/iearn.

According to CryptoCompare, “Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. Core Products: Vaults:Capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. Earn:The first Yearn product was a lending aggregator. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. Users can deposit to these lending aggregator smart contracts via the Earn page. Zap:A tool that enables users to swap into and out of (known as “Zapping”) several liquidity pools available on Curve.Finance. These pools benefit from the lending aggregators discussed above, as well as earning users trading fees by partcipating as Liquidity Providers (LPs) on Curve.Fi. Currently users can use five stablecoins (BUSD, DAI, USDC, USDT, TUSD) and “Zap” into one of two pools (y.curve.fi or busd.curve.f) on Curve. Alternatively, users can “Zap” out of these two Curve pools and into one of the five base stablecoins. Cover:Insurance that enables users to obtain coverage against financial loss for various smart contracts and/or protcols on the Ethereum blockchain. Cover is underwritten by Nexus Mutual. Governance:The Yearn ecosystem is controlled by YFI token holders who submit and vote on off-chain proposals that govern the ecosystem. Proposals that generate a majority support (>50% of the vote) are implemented by a 9 member multi-signature wallet. Changes must be signed by 6 out of the 9 wallet signers in order to be implemented. The members of the multi-signature wallet were voted in by YFI holders and are subject to change from future governance votes. “

Buying and Selling yearn.finance

It is usually not possible to buy alternative cryptocurrencies such as yearn.finance directly using U.S. dollars. Investors seeking to trade yearn.finance should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy yearn.finance using one of the aforementioned exchanges.

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