What is Yearn Finance (YFI)?
Yearn Finance is a DeFi protocol on Ethereum that allows users to optimize their crypto earnings through a host of services such as staking, lending aggregation, and yield generation. The protocol offers automated trading strategies (known as money robots) that tell investors where, when, and how much to invest, move, and withdraw their money across different DeFi platforms.
Andre Cronje is the founder of Yearn Finance. He launched the protocol as a one-man team without raising any fundings in July 2020.
How Yearn Finance (YFI) Works
Yearn Finance has the following services:
- Vaults are the most popular products on Yearn Finance. They are like decentralized mutual funds on the blockchain, where users deposit their money in different pools in Yearn Finance and the protocol automatically decides how to invest the deposits in other protocols.
- Earn searches for the best interest rate in lending from multiple DeFi protocols on Ethereum and allows users to benefit from it.
- Zap lets users perform multiple actions on different DeFi platforms in one click, thereby saving time and transaction fees.
- APY (Annual Percentage Yield) gives an estimate on how much interest one can expect to earn annually based on the search results in Earn.
How Many Yearn Finance (YFI) Tokens Are in Circulation?
YFI is purely a governance token of the Yearn Finance protocol. It has a maximum supply of 30,000 and all of them are distributed.
How to Buy Yearn Finance (YFI)
Consider investing in Yearn Finance (YFI)? It only takes 2 minutes to create an account on Bitget and start trading YFI.
Check out the available YFI trading pairs on Bitget!
Futures market
Spot market
Yearn Finance (YFI) Resources
Simple 3-step guide to buying YFI today in Micronesia
Create your free Bitget account
Select a funding method
Complete your Yearn Finance purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Yearn Finance using a payment method of your choice:
Buy Yearn Finance with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Yearn Finance order.
How to buy crypto with credit/debit cardBuy Yearn Finance with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Yearn Finance is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Yearn Finance order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Yearn Finance order.Buy Yearn Finance with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Yearn Finance order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Yearn Finance in your Bitget spot wallet
Bitget—where the world trades Yearn Finance
How to buy Yearn Finance for free
- Learn how to earn Yearn Finance for free through the Learn2Earn promotion
- Earn free Yearn Finance by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Yearn Finance airdrops by joining On-going challenges and promotions
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FAQ
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A subregion of Oceania and spanning a whopping 2000 small islands across the Pacific Ocean, Micronesia shares a close cultural history with the Philippines, Polynesia, and Melanesia. The archipelago is home to just over 116,000 inhabitants across its myriad of islands and generates a GDP of US$404 million generated mainly from subsistence agriculture and fishing. While the potential for tourism exists, its remote location definitely limits its development.
That said, when you’re in one of Micronesia’s many islands, there’s still a lot to offer. Everything from pristine beaches and clear waters to resort retreats are popular here, with historic and ancient ruins dotted all along the archipelago while seafarers can dive deep into its vibrant and lively waters.
The official currency of Micronesia is the US Dollar (USD), and with direct support from Bitget, you can purchase cryptos in just a matter of minutes, no matter where you are in the country, from Weno or Tofol to Colonia and Nema. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.