The Yearn Finance platform allows crypto coin holders to participate in yield farming and interact with DeFi protocols.
Blockchain farming resembles the usual seed sowing for harvest, in which the holder receives an increased yield. To earn yield from the Yearn Finance DeFi platform, you need to place a stake in a cryptocurrency. Virtual YFI tokens are distributed among platform members as a reward.
Opportunities for traders
The YFIUSD token started trading on 21 July 2020.
The cost of the token increased by more than 2600% as of the end of September 2020, with its market capitalisation exceeding $864 million.
The average intraday volatility of YFIUSD is 45.9%
How to buy and sell YFI/USD
You can buy and sell Yearn Finance, YFIUSD, on specialised cryptocurrency exchanges. To trade it, it's better to use a broker and trading platforms. Such platforms include MetaTrader 4 or Libertex, where trades are easier to make, leverage can be used, and you can even earn if the cryptocurrency's value goes down.