How to buy yearn.finance (YFI)

yearn.finance Price (24H)
$4,123.08
-19.91%

Buy yearn.finance (YFI) in 3 easy steps

Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.

How to Buy yearn.finance (YFI) on LBank – Step-by-Step Guide

Before you begin, decide how you’d like to pay:

Pay with fiat

If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy yearn.finance (YFI). LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.

Pay with other cryptocurrencies

If you already hold other cryptocurrencies, you can trade them for yearn.finance (YFI) on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into yearn.finance (YFI).

LBank supports multiple payment methods

You can use the following payment methods to purchase yearn.finance (YFI) on LBank:
Debit card
Credit / Debit Card
Paypal
Apple Pay
Google Pay

Mobile app guide

1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”

Desktop guide

1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the yearn.finance (YFI) you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”

P2P Trading

Buy Sell
Merchant
Price
Amount | Limit
Payment Method
Action
0.988 USD
5,000.00 USDT
300.000 - 2,000.000USD
Bank Transfer
1.005 USD
801.16 USDT
10.000 - 802.000USD
True Money (Cambodia)
ABA (Cambodia)
1.006 USD
1,500.00 USDT
100.000 - 750.000USD
Wing Money
True Money (Cambodia)
Bank Transfer (Cambodia)

What is yearn.finance (YFI)?

Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. It started out as a passion project by Andre Cronje to automate the process of switching capital between lending platforms in search of the best yield offered, as the lending yield is a floating rate rather than fixed rate. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols.  The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD. For example, if a user deposits DAI into yearn.finance, the user will receive yDAI token in return, which is a yield-bearing DAI token.  Later on, it collaborated with Curve Finance to release a yield-bearing USD tokens pool that includes four y-tokens: yDAI, yUSDT, yUSDC and yTUSD, it is named as yUSD.  Yearn Finance debuted the vault feature after its token launch, igniting a frenzy on automated yield farming and is considered the initiator of the category of yield farming aggregator. Basically, the vault will help users to claim yield farming rewards and sell it for the underlying assets.  Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to have proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited.

Is yearn.finance (YFI) a good investment?

Whether yearn.finance (YFI) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.

Before investing in yearn.finance (YFI) or any cryptocurrency, consider the following:

Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.

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Buy yearn.finance (YFI)

YFI / USDT
$4,123.08
-19.91%24H
Today's real-time price of yearn.finance (YFI) is $4,123.08, with a 24-hour trading volume of $33.455M. We update YFI to USD price in real-time. The 24-hour market performance of YFI is
-19.91%
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Buying yearn.finance (YFI) in other countries?

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