Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.
Yearn.finance is the brainchild of Andre Cronje. After leaving the iEarn project in February 2020, Cronje returned to oversee a rebirth, with new tools emerging and YFI going live in July.
Since then, its fortunes have turned around, with assets under total value locked coming in at just over $1 billion as of the end of September 2020.
Cronje has a long career in cryptocurrency and has become synonymous with DeFi in particular. He also has positions at smart contract ecosystem Fantom and CryptoBriefing, a resource dedicated to initial coin offerings (ICOs) and crypto media.
Yearn.finance set out to simplify DeFi investment and activities such as yield farming for the broader investor sector.
The platform makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.
New features continue to be rolled out, these aiming, among other things, to help preserve the long-term value of the platform.
Yearn.finance makes a profit by charging withdrawal fees, currently 0.5% at the end of September 2020, as well as 5% gas subsidization fees. Due to its governance model, these can technically be changed by consensus at any time.
The target market for yearn.finance is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch, or who wish to optimize their returns.
What Is OMG Network (OMG)?
Akihiko Inu means Japanese origin that means Bright, Brilliant, Boy. continuous improvement, the philosophy is all about making small changes for the greater good.
Akihiko Inu means Japanese origin that means Bright, Brilliant, Boy. continuous improvement, the philosophy is all about making small changes for the greater good. This decision making is inclusive and participative, you don’t have to be on the team to contribute at Akihiko Inu. Every voice is heard, regardless of how many tokens you hold or what your position is on the team. We will be doing random buybacks, buy contests, token burns, and more to help keep the momentum and excitement in the community up at all times! Akihiko Inu has one goal, to prove to everyone that we can launch a 10000x moonshot in a bear market. Will you be Akihiko
- Eliminate old practices. Yes, this means buying into a project and just spamming gifs. Do things that actually spread the word about the project: share it in your private groups or degen trading groups.
- Don’t stop! Your hard work reflects on the chart, giving the public FOMO when they see it, then can’t resist buying in (pumping your bags even more..)
- Make corrections. By all means take your profits, but do it responsibly: Everyone can eat at Akihiko Inu. And remember, charts go down, as well as up. Only invest what you are willing to lose.
Akihiko Inu means Japanese origin that means Bright, Brilliant, Boy. continuous improvement, the philosophy is all about making small changes for the greater good.