yearn.finance

Yearn.Finance (YFI) is a decentralized finance (DeFi) platform that aims to simplify the complex DeFi ecosystem for investors. Launched in February 2020, the platform was originally known as iEarn before being rebranded to Yearn.Finance. Yearn.Finance is the creation of Andre Cronje, a prominent figure in the cryptocurrency and DeFi space. Cronje has a long history in the industry, having worked on various projects, including Fantom and CryptoBriefing. The platform's primary function is to act as an aggregator for various DeFi protocols, such as Curve, Compound, and Aave. By automating the process of yield farming, Yearn.Finance aims to help investors maximize their profits from DeFi activities. This is especially beneficial for those who may not have the technical expertise or time to navigate the complexities of the DeFi landscape. Yearn.Finance generates revenue through withdrawal fees and gas subsidization fees, which are currently set at 0.5% and 5%, respectively. However, these fees can be adjusted by the platform's governance model, which is controlled by the YFI token holders.