yfi
YFI is the native governance token of Yearn Finance, a decentralized finance (DeFi) protocol on the Ethereum blockchain that aggregates yield strategies and optimizes investments across various DeFi platforms. The token is an ERC-20 asset primarily used for on-chain governance within the Yearn ecosystem rather than as a traditional payment or collateral token.
Origin and supply: Yearn Finance launched YFI in 2020 with no pre-mine and no reserved treasury for
Governance: YFI holders participate in on-chain governance by voting on proposals that affect the protocol’s direction,
Economics and usage: YFI is not intended as a conventional investment or currency; its primary role is
Overall, YFI functions as a community-driven governance token that aligns holder incentives with the development and