Binance Exchange Lists yearn.finance (YFI)

Binance will list yearn.finance (YFI) and open trading for YFI/BNB, YFI/BTC,YFI/BUSD and YFI/USDT trading pairs at 2020/08/10 12:00 PM (UTC).

Yearn.Finance (YFI) is a liquidity aggregation tool that provides automated yield farming strategies through a number of lending pools. Yearn.finance, the protocol’s most well-known pool, shifts capital between top DeFi lending protocols like Aave, Compound and dYdX – finally aim to give the lender the best return on liquidity.

yEarn created the Curve’s Y pool, a lending group consisting of leading stablecoins such as USDC, DAI, USDT and TUSD, and used for the BUSD Curve pool thanks to yEarn’s profit-making yToken standard.

yEarn recently released a local admin token, YFI, which is earned through liquidity on several different pools. YFI is earned by proving its liquidity and is one of the only DeFi tokens launched with no premine and no initial DEX offering.

In July, a new liquidity pool called Yearn Finance took the mainstage as 30,000 Yearn (YFI) tokens were minted and distributed to users, according to Flipside Crypto.

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