YFII is considered one of the hottest DeFi players. yEarn.Finance provides automated profitability farming strategies for liquidity providers and farmers' yield. yEarn uses various DeFi lending platforms like Aave, Compound, dYdX and Fulcrum to ensure agricultural yields.
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Description of the project
Yield Farming is a popular method where cryptocurrency holders lend their assets to generate higher returns. yEarn allows users to use multiple DeFi platforms, at the same time, to get the highest yield possible. For most investors, yEarn is one of the largest sources of passive income. According to DeFi Pulse, yearn.finance has $ 166.8 million in locked up assets.
The total supply was 60,000 tokens previously, but now 20,000 tokens are being burned, so the total supply is 40,000 tokens now. YFII is designed for three different pools, where each pool will emit 20,000 tokens to give to farmers. The mining / farming can be done with three different methods, which give different yields and are associated with certain risks.
There are several options, where the user can buy YFII:
| Firstly | Uniswap (YFІІ/ETH pool and YFІІ/USDT pool). |
| Secondly | Balancer (YFІІ/DAI pool). |
| Thirdly | 1inch. |
Among these options, the Uniswap YFII / ETH pool has the best liquidity and pricing.
Additional information
The project token is still in beta and the smart contract has not been verified yet. Thus, if an investor wants to invest in this token, then he must go through a thorough financial analysis before investing. It is also important to invest as much of the amount that you are willing to lose. At the moment, there are no White Paper and RoadMap on the site.
If you want to stay up to date with all innovations, subscribe to the community on the following social networks:
- twitter;
- telegram.
Before using the project, you need to connect the MetaMask wallet and configure it in your browser.