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Yearn Finance Price Analysis – 12 March 2021

Yearn Finance Price Analysis - 12 March 2021

Yearn.Finance (YFI) is a decentralized finance (DeFi) platform with a native governance token used for voting rights and staking rewards to holders. The network is underpinned by the Yearn protocol, a yield optimizer that aims to maximize yields for a user’s crypto holdings by automatically switching funds across a range of lending protocols.

Developer Andre Cronje built the protocol in early 2020 after looking for a way to automate the process of finding the highest possible yields on his stablecoin holdings. Stablecoins like DAI (DAI), Tether (USDT), USD-Coin (USDC) can be deposited in return for yields on a number of platforms like Compound, Aave, Fulcrum, or dYdX, with each offering unique APY’s.

Technical Analysis

Check the full analysis and summary on YouTube


Watch full Yearn Finance Technical Analysis on YouTube


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