5/26/2023 0 Comments 1 yfi to usdThere are two schools of thought in determining the price of yearn.finance.īy way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of yearn.finance, collectively known as fundamental analysis. The community is bullish as more than 80% of users are feeling good about yearn.finance (YFI) today. Depending on how the emission schedule of YFI tokens are designed, it might take multiple years before FDV is realized. This is a statistical representation of the maximum market cap, assuming the maximum number of 37 Thousand YFI tokens are in circulation today. The fully diluted valuation (FDV) of yearn.finance (YFI) is $317,229,975. Market cap is measured by multiplying token price with the circulating supply of YFI tokens (33 Thousand tokens are tradable on the market today). Market capitalization of yearn.finance (YFI) is $283,587,093 and is ranked #147 on CoinGecko today. Comparatively, the current price is 27,199.30% higher than the all-time low price. The lowest price paid for yearn.finance (YFI) is $31.65, which was recorded on (over 2 years). Comparatively, the current price is -90.50% lower than the all-time high price. The highest price paid for yearn.finance (YFI) is $90,786.89, which was recorded on (almost 2 years). The trading volume of yearn.finance (YFI) is $17,651,527.83 in the last 24 hours, representing a -2.30% decrease from one day ago and signalling a recent fall in market activity. It can be used to vote and receive cash flows from the fees earned by the protocol. YFI is the governance token for the Yearn Finance protocol. It acts as an incentive to attract users to use the protocol while generating hype, giving out part of its native tokens. DeFi protocols need to bootstrap capital to provide liquidity for exchanges, lend to borrowers, underwrite insurance risk, etc. Yield Farming refers to the activity of depositing and locking capital in a DeFi Protocol for the reward of the protocol’s native tokens.
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