- Yearn.Finance aspires to be the gateway to a bevy of yield-generating products in the Ethereum ecosystem.
- After a rapid ascent in August 2020, there is now $650 million worth of crypto assets staked in Yearn, seeking the best returns in the booming decentralized finance (DeFi) sector.
- The prospect of what one observer called an “intuitive interface to all of DeFi” is what makes Yearn and its YFI coin stand out from the recent crop of “Weird DeFi” projects.
- But given that Yearn has several different elements, the platform is one of the harder ones for novice investors to understand.
Some $650 million has poured into DeFi’s Yearn.Finance since mid-August. DeFi is driving most of the excitement in crypto right now, and Yearn and its YFI token are central to the latest buzz.
Click here to read the full article : What Is Yearn Finance? The DeFi Gateway Everyone Is Talking About